Brands
Spinny drives cricket fever with winners flying to Dubai for Asia Cup
MUMBAI: Spinny, India’s full-stack used car platform, has announced three lucky winners who will be jetting off to Dubai to watch Team India in action at the Asia Cup 2025.
The contest, which ran from 9 to 17 September, gave anyone buying a car on Spinny the chance to win the cricketing trip of a lifetime. On 26 September, the winners will pack their bags and head to Dubai to see India take on Sri Lanka, live from the stands.
The winners are: Snehal Chaitanya Nadakuduru from Bangalore, who drove home a Kia Sonet; Sarah Shailendra Salve from Mumbai, who picked up a Toyota Glanza; and Raghuveer Chandra Sirivore from Hyderabad, who chose a Volkswagen Virtus.
As an official global sponsor of the Asia Cup, Spinny’s branding will be seen across stadiums on perimeter boards, backdrops and digital screens. More importantly, the brand says it is about “creating real experiences that matter”, both on and off the pitch.
Spinny’s brand ambassador, cricket legend Sachin Tendulkar, continues to be at the heart of its storytelling, symbolising trust and inspiration for millions of fans. Customers and followers can also track the winners’ journeys on Spinny’s social channels, from their new car purchases to their cheers in Dubai.
“Massive congratulations to all the winners,” said Spinny, senior vice president and business head, Hanish Yadav. “This is where the love for cricket meets the joy of owning your car, and we’re proud to have made that possible.”
With the Asia Cup set to deliver some of the most exciting cricketing contests in the region, Spinny is not just sponsoring the spectacle but also putting fans in the front seat of the action.
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.
