MAM
Srinivasan Swamy re-elected president of IAA in India
MUMBAI: At the Annual General Body Meeting of the India Chapter of International Advertising Association (IAA) held in Mumbai, RK Swamy Hansa Group chairman Srinivasan Swamy was unanimously elected its president for the third consecutive term.
He already serves on the IAA Global Board as IAA Asia Pacific development vice president.
Neeraj Roy of Hungama, Monica Tata of HBO and Jaideep Gandhi of Jaya Advertising were also re-elected vice president, honorary secretary and treasurer, respectively, for 2014-15.
The other members elected into the managing committee were: Abhishek Karnani of The Free Press Journal, Vishakha Singh of Aurora Comms, Manish Advani of Mahindra SSG, Janak Sarda of Deshdoot, CVL Srinivas of Group M, Avinash Pandey of ABP News, MV Shreyams Kumar of Mathrubhumi, Partho Dasgupta of BARC, Bhaskar Das of Zee Media and Rajesh Kejriwal of Kyoorius.
In addition, the following would serve in the committee as invited members for the year 2014-15: Pradeep Guha, Pheroza Bilimoria, Sam Balsara, Kaushik Roy, Raj Nayak, Ramesh Narayan, M G Parameswaran, Neville Taraporewalla, Gayatri Yadav, Anita Nayyar, Pradeep Dwivedi, Anand Sankeshwar, Sunil Lulla and Punitha Arumugam. “A few more have been invited and their names will be announced after they accept our invitation”, said Swamy.
In his outgoing president’s address, Swamy said that the year that went by was an active one, where 32 events were organised by IAA India. Some of these included two IAA Debates, four IAA Conversations, five IAA Mentorship Webinars, six Knowledge Seminars, three IAA Young Turks Forum events and other marquee events like the IAA Olive Crown Awards and the IAA Leadership Awards. There were a few other special ones like the IAA Retrospect & Prospects events in Gurgaon and Mumbai and the IAA Mentorship Programme. The year was off to a terrific start on 30 September 2013 with the IAA Platinum Jubilee Global Marketing Summit where the BJP Prime Ministerial candidate and Gujarat CM Narendra Modi delivering his valedictory address on his vision of Brand India.
IAA India will be celebrating its Silver Jubilee year in 2014-15. “We have identified at least 20 different platforms to peg our events for the coming year. We have a very good committee and I wouldn’t be surprised if we have more than 52 events during the year”, said Swamy.
IAA Asia Pacific area director Praddep Guha, “IAA India is already seen as the most active industry body in India as well as in the IAA world. With the plans that are made for 2014-15, I have no doubt that this will be the best year ever and would set a new benchmark”.
Not wanting to elaborate as yet, Swamy said, “IAA will continue with some its past branded events and add a few special ones for the year that would make the IAA India Silver Jubilee a memorable one”.
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.
