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Reema Kundnani joins Reliance as cmo of Jio World Centre
Kundnani steps in to shape Jio World Centre as a global hub of culture, business and experiences
MUMBAI: Reema Kundnani has joined Reliance industries limited as chief marketing officer at Jio World Centre, stepping into a role brimming with ambition and opportunity.
Sharing her excitement, Kundnani said, “At Reliance, the philosophy is simple — growth is life. It’s about continuous progress that is inclusive and nation-building.”
The Jio World Centre is no ordinary workplace. It is a vibrant hub where culture, retail, real estate, hospitality and business come together in perfect harmony. The platform includes Dhirubhai Ambani Square, Nita Mukesh Ambani Cultural Centre, Jio World Convention Centre, Jio World Drive, Jio World Garden, Jio World Plaza and Bay Club, with future plans for Jio World Residences, The Clubhouse and Jio World Offices.
Kundnani added, “After a meaningful pause, stepping into this role feels energising and deeply aligned. What excites me most is shaping the narrative of a truly global Indian destination, building brand equity and stakeholder value along the way.”
Her career path reflects a blend of luxury, real estate and marketing expertise. Kundnani spent over four years at Brookfield Properties in various senior roles, led marketing and luxury residential sales at Oberoi Realty for a decade, and has been on advisory boards for Sell.Do and Kylas. She has also held senior positions at Tech Mahindra and Oracle, bringing a wealth of experience to her new role.
With Kundnani at the helm, Jio World Centre looks set to not only showcase India’s best but also tell a global story, where culture, commerce and community intersect.
Brands
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.
