MAM
Skechers announces the fifth edition of Mumbai Walkathon
Mumbai: Skechers, an American footwear brand, will be hosting the fifth edition of the Skechers Mumbai Walkathon at InOrbit Mall, Malad on 17 November 2024. This event celebrates the popular Skechers ‘go walk’ product line designed for walking.
Registrations for the 2024 Walkathon are open until 8 November 2024 at www.skecherswalkathon.in. Skechers continues its partnership with GoSports Foundation, donating a portion of registration fees to support Indian athletes through the long-term athlete development programme.
The event aims to build on last year’s success, which attracted over 8,000 participants, and reinforces Skechers’ commitment to promoting fitness and supporting the next generation of Indian athletes while contributing to the country’s sports culture.
Skechers South Asia CEO Rahul Vira said, “Last year’s Walkathon demonstrated the remarkable impact Skechers can have on promoting an active lifestyle and supporting young athletes, as we saw significant community engagement and substantial contributions towards the development of India’s future sports stars. The Skechers Mumbai Walkathon has evolved into a highly anticipated fitness event in the city. This year, our collaboration with GoSports Foundation will aim to bring the city together in a festive atmosphere whilst promoting fitness as a culture in Mumbai.”
GoSports Foundation CEO Deepthi Bopaiah commented, “We are thrilled to continue our partnership with Skechers. Their support has been instrumental to the overall success of the GoSports Long-Term Athlete Development Programme (GLTADP). The CSR funds from Skechers have supported the athletes across 10 sports and facilitated various aspects of the programme, including athlete development initiatives, competition support, and overall programme enhancements. Additionally, their contributions have enabled specific interventions across our organization. The donation from this year’s Walkathon will ensure our athletes receive sustained support at multiple sports platforms.”
Skechers India and GoSports Foundation aim to enhance Indian sports and wellness programs. Skechers has facilitated broad-based athlete support, including participation in international competitions, providing training equipment, and supporting mental and physical well-being initiatives. As a result, athletes in the program have achieved milestones in national and world championships.
This year’s fifth edition of the Walkathon will feature several walking categories: a 10 km walk for experienced walkers, a five km walk for beginners, and a 3 km fun walk. These categories cater to various fitness levels, providing an enjoyable walking experience around the scenic route of InOrbit Mall, Malad.
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.
