MAM
Shriram Sanjeevi moves on from Levista Coffee
NEW DELHI: Levista Coffee vice president Shriram Sanjeevi has moved on after a 16-month-long stint at the brand.
According to reports, Sanjeevi announced the news in a personal message to industry colleagues. "I have stepped down from Levista on 3 April 2021. Levista Coffee is poised for a huge leap of growth this new financial year, and it’s all in your hands to support this budding baby brand and help it to scale great heights. I will cherish every moment that I’ve spent in this company all my life,” he wrote.
At Levista, he led the sales and marketing division, branding, supply chain management and overall business strategy.
An IIM-Bangalore alumnus, Sanjeevi has worked with marquee companies such as RPG Retail, The Future Group, Café Coffee Day and Royal Enfield (Eicher Motors). In 2006, he joined the start-up team responsible for the opening of Kempegowda International Airport in Bengaluru, which also happened to be India’s first private greenfield airport.
In his subsequent roles, he helped set up 140 outlets for Café Coffee Day across India and had a two-year spell with Royal Enfield Motorcycles, where he was responsible for expanding the company’s dealership network.
During his close to 25 years in the retail industry, Sanjeevi has been conferred several awards that include Top 100 Retail Minds by World Federation of Marketing in 2018, and Top 50 Retail Professionals of India by Asia Retail Congress in 2014.
Homegrown coffee brand Levista is currently present across Tamil Nadu, Karnataka, Puducherry, Andhra Pradesh and Telangana.
Brands
Meta Q1 profit jumps 61 per cent as revenue climbs to $56.3 billion
Ad growth and AI momentum drive strong quarter with steady margins
CALIFORNIA: Meta Platforms, Inc. posted a robust performance for the first quarter ended March 31, 2026, with net income surging 61 per cent year-on-year to $26.77 billion, driven by strong advertising demand and continued user growth across its platforms.
Revenue rose 33 per cent to $56.31 billion, compared to $42.31 billion in the same quarter last year. On a constant currency basis, revenue increased 29 per cent. Operating income grew 30 per cent to $22.87 billion, while operating margin remained steady at 41 per cent.
Diluted earnings per share jumped 62 per cent to $10.44 from $6.43 a year ago. The results included a $8.03 billion income tax benefit, without which earnings would have been lower.
Meta Platforms, Inc. founder and CEO Mark Zuckerberg said, “We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs. We’re on track to deliver personal superintelligence to billions of people.”
Daily active users across Meta’s family of apps reached 3.56 billion in March 2026, up 4 per cent year-on-year. Advertising remained the primary growth driver, with ad impressions increasing 19 per cent and average price per ad rising 12 per cent.
Total costs and expenses climbed 35 per cent to $33.44 billion, reflecting higher investments in artificial intelligence and infrastructure. Capital expenditure stood at $19.84 billion during the quarter.
Cash flow from operating activities was $32.23 billion, while free cash flow came in at $12.39 billion. The company reported $81.18 billion in cash, cash equivalents and marketable securities as of March 31, 2026.
Looking ahead, Meta expects second quarter revenue to range between $58 billion and $61 billion, with foreign exchange expected to provide a 2 per cent tailwind. Full-year expenses are projected between $162 billion and $169 billion, while capital expenditure guidance has been raised to $125 billion to $145 billion.
With strong ad momentum and continued investment in AI, Meta is maintaining its growth trajectory while preparing for the next phase of digital innovation.
