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PMFAI honours Nadir Godrej with Lifetime Achievement Award
Mumbai: Godrej Industries Ltd (GIL) chairman and MD and Godrej Agrovet Ltd (GAVL) and Astec LifeSciences Ltd chairman Nadir Godrej, has been awarded the prestigious Lifetime Achievement Award by the Pesticides Manufacturers & Formulators Association of India (PMFAI). Facilitated on 8 Feb at the fifth edition of PMFAI-SML Annual Agchem Awards 2024, it was organized at the sidelines of 19th International Crop Science Conference & Exhibition (ICSCE Dubai 2024).
Established in 1967, PMFAI is a national association representing Agrochemicals/Pesticide Industry with 221 large, medium and small-scale Indian Agrochemical industries as its members. It works to enhance agricultural competitiveness by advocating for improvements and innovations in technologies that provide farmers with quality crop protection products. The Annual Agchem Awards were instituted by PMFAI in 2018 to acknowledge and honor exceptional achievements and contributions in the Indian Agrochemical Industry.
The lifetime achievement award bestowed upon Nadir Godrej recognises his outstanding contributions to the Indian agrochemical industry and his remarkable efforts to promote technologies and contributing to the growth of Indian agrochemical industry and Indian agriculture.
Reflecting on the recognition, Godrej expressed his gratitude, stating, “I am deeply honored to receive the Lifetime Achievement Award from PMFAI. This recognition is a celebration of the collective dedication and tireless efforts of the entire team. Our commitment to providing innovative and sustainable crop protection solutions aligns with the mission of PMFAI to enhance agricultural competitiveness and promote sustainable growth. I am truly thankful for this honor and inspired by the collaborative efforts that brought us here”
On the groups commitment for agrochemical and CDMO space, he further added “Our unwavering commitment to innovation and enhancing agriculture productivity is evident through our dedicated Research & Development units. Our firm belief in the power of collaboration and actively engaging with multinational companies allows us to consistently deliver tailormade solutions that address farmers’ challenges, ensuring our commitment to excellence and sustained performance in the agricultural sector. This recognition further reaffirms our commitment to excellence and sustainability in the agricultural sector.”
This award not only celebrates a lifetime of exceptional contributions but also adds to Godrej’s long-standing legacy of progressive contributions.
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Sapphire Foods FY26 revenue rises to Rs 3,125 crore, posts loss
Q4 revenue at Rs 792 crore, FY26 loss at Rs 32 crore amid cost pressures.
MUMBAI: If growth is on the menu, profitability seems to have taken a brief detour. Sapphire Foods India reported a steady rise in topline for FY26, even as rising costs weighed on profitability. Revenue from operations grew to Rs 3,125 crore for the year ended March 31, 2026, up from Rs 2,882 crore in FY25. However, the company swung to a loss, reporting a net loss of Rs 32 crore for FY26, compared to a profit of Rs 17 crore in the previous year. Total income for the year stood at Rs 3,153 crore, while total expenses climbed to Rs 3,167 crore, reflecting pressure across key cost heads.
In the March quarter, revenue came in at Rs 792 crore, compared to Rs 711 crore in the same period last year. The company reported a quarterly net loss of Rs 13 crore, against a profit of Rs 2 crore a year earlier.
Cost pressures remained visible across operations. Material costs rose to Rs 995 crore for FY26, while employee expenses increased to Rs 428 crore. Other expenses, the largest component, stood at Rs 1,229 crore, underscoring the impact of store operations and expansion-related spends.
Depreciation and amortisation expenses also climbed to Rs 392 crore for the year, reflecting continued investments in store infrastructure and growth.
At the operating level, the company reported a loss before tax of Rs 37 crore for FY26, compared to a profit of Rs 23 crore in FY25. Exceptional items added Rs 24 crore to the cost burden during the year.
On the balance sheet, total assets rose to Rs 3,256 crore as of March 31, 2026, up from Rs 3,041 crore a year earlier, indicating ongoing expansion. Net worth stood at Rs 1,389 crore.
Despite profitability pressures, operating cash flow remained resilient at Rs 507 crore, highlighting underlying business strength and demand stability.
The numbers paint a familiar picture in the quick-service restaurant space, growth continues to be served hot, but margins are still finding their footing.
