MAM
Srikant Sastri stepping down from his role as a country chair
MUMBAI: In his more than two and a half decades of experience Vivaki country chair Srikant Sastri will be stepping down from his position on 1 July.
Vivaki CEO Frank Voris said, “Sastri will continue to serve in a consulting capacity for Publicis Groupe in the near term, while also nurturing start-up companies in India and Asia-Pacific as an independent investor and operating partner as it is his desire to work with a new companies. But, he agreed to help the organisation on-board Neev, Resultrix and Convonix.”
“Srikant has successfully orchestrated three acquisitions and integrations that have simultaneously fortified the founding Vivaki agencies, while also solidifying Publicis Groupe‘s position as the leading digital marketing operation in India,” added Voris
For the foreseeable future, Sastri will continue to work closely with VivaKi and also with Razorfish & DigitasLBi in a consulting capacity. For the former, he will surface and evaluate emerging opportunities, exploring tech start-ups who can benefit the agencies of Publicis Groupe and their clients. For Razorfish and Digitas-LBi India.
VivaKi Country Chair Srikant Sastri: “I‘ve successfully completed a big mandate as VCC in India and I am absolutely thrilled that we achieved the goal we set for ourselves 18 months ago—driving digital dominance in India through organic growth and three key acquisitions. We are now twice the size of our largest competitor. With this mission accomplished, I‘d like to focus more on three areas that I am passionate about. In addition to working with start-ups, I intend to foster the Indian start-up eco-system by actively leading key initiatives at professional and trade bodies, including The Indus Entrepreneurs (TIE) and Indian Angel Network. I will also help drive the growth of ventures that are focused on social enterprises and other Indian development issues.”
Sastri has started his career from Ponds India as a regional sales manager than he has also worked with Tara Sinha Associates, TSME, McCann Erickson, Team4U, Solutions Integrated Marketing Services and Growth-For-All.
Brands
Prataap Snacks posts Rs 1.14 crore Q4 profit, EBITDA up 319 per cent
Yellow Diamond maker posts turnaround with Rs 1.14 crore profit, 10 per cent dividend proposed
NEW DELHI: Prataap Snacks Limited has staged a sharp turnaround in the fourth quarter of FY26, reporting a 319 per cent surge in operating EBITDA and a return to profitability after a challenging previous year.
The Indore-based company, known for brands such as Yellow Diamond and Avadh, posted income from operations of Rs 420.18 crore for Q4 FY26, marking a 5 per cent year-on-year rise. Operating EBITDA climbed to Rs 20.59 crore, while margins stood at 4.9 per cent.
Most notably, the company reported a profit after tax of Rs 1.14 crore for the quarter, reversing a loss of Rs 11.94 crore in the same period last year. Diluted earnings per share improved to Rs 0.48 from a negative Rs 5.00 earlier, signalling a steady recovery in performance.
For the full financial year, consolidated income rose 1 per cent to Rs 1,724.65 crore. Annual operating EBITDA grew 68 per cent to Rs 81.81 crore, while the company posted a net profit of Rs 9.72 crore, compared to a loss of Rs 34.27 crore in FY25.
Reflecting this improved performance, the board has recommended a dividend of 10 per cent, equivalent to Rs 0.50 per share on a face value of Rs 5.
Prataap Snacks Limited managing director Amit Kumat said the recovery was driven by sharper execution and data-led decision-making, including the use of Sales Force Automation analytics. The company also expanded its distribution network to over 5,000 distributors and strengthened its presence on quick commerce platforms.
Looking ahead, the company expects double-digit revenue growth in FY27, though it remains cautious about inflationary pressures on key inputs such as packaging materials and edible oil. Management plans to offset these through tighter cost controls and calibrated pricing strategies.
With profitability back on track and operations stabilising, Prataap Snacks appears to be regaining its footing in an increasingly competitive packaged foods market.
