MAM
Swiggy taps Vijay Bandhiya to drive growth from the CEO’s office
MUMBAI: Swiggy is tightening its execution engine, and it has picked a familiar strategy hand to do it. The on-demand major has appointed Vijay Bandhiya as director of CEO’s office, tasking him with driving growth and cross-functional initiatives across its core and emerging businesses.
Based in Bengaluru, Bandhiya will work out of the Group CEO’s office at Swiggy, partnering closely with senior leadership to accelerate execution across the Food Marketplace, Dineout and other strategic ventures within the Swiggy portfolio. The role is designed to cut across silos, aligning strategy with on-ground delivery as the company scales its next phase of growth.
Bandhiya joins Swiggy from Zepto, where he spent several years in the thick of a high-growth environment. During his stint, he held multiple leadership roles across the CEO’s office and strategy, including director, associate director and senior manager, working on business planning, execution and scale-up initiatives.
Earlier in his career, Bandhiya built his strategic toolkit at Redseer Strategy Consultants, and at Wipro within its global strategy team for Cybersecurity and Risk Services. He also gained early exposure through internships at Rakuten and A.P. Moller – Maersk, developing a foundation in analytics, programme management and cross-functional execution.
The appointment comes at a time when Swiggy is sharpening its focus on profitable growth while expanding its playbook across food, dining and allied consumer services. By bringing Bandhiya into the CEO’s Office, the company is signalling a push towards faster decision-making, tighter coordination and execution-led strategy, less slideware, more scale.
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.
