MAM
Swiggy turns memories into instant gifts with Polaroid prints
MUMBAI: When memories need wrapping paper, Swiggy is printing them instead. As December’s festive blur hits top gear, Swiggy is leaning into nostalgia with a new Polaroid-style photo feature on its recently launched gifting platform, Giftables. The free, instant and shareable tool allows users to turn personal photos into retro-inspired keepsakes that can be delivered within minutes, blending emotion with quick-commerce speed.
The feature caught attention after Swiggy co-founder and CGO Phani Kishan shared Polaroid-like snapshots from the company’s early days from its home-office beginnings to its first million orders and tightly packed team photos. Calling them “simple, personal, and meaningful”, Kishan described the prints as reminders that some milestones live best in old photographs, now reimagined as year-end gifts.
Designed for ease, the Polaroid feature lets users pick an image from their gallery, add a caption and instantly create a stylised photo that can be saved, shared on Whatsapp or printed and delivered on demand. Launched just ahead of Christmas and New Year, it taps into a growing appetite for gifting that feels heartfelt rather than transactional.
Giftables, part of Swiggy’s quick-commerce expansion, focuses on instant and curated gifting across categories. The platform offers over 30,000 options, from chocolates, cakes and flowers to electronics, toys and jewellery, all delivered within about 30 minutes. Popular occasions in 2025 included Raksha Bandhan, Friendship Day and Valentine’s Day, with rose orders peaking at 666 per minute on 14 February.
By pairing speed with sentiment, Swiggy is nudging gifting beyond last-minute convenience towards something more personal. In a season crowded with boxes and bows, it is betting that memories printed, captioned and delivered might just be the most meaningful gifts of all.
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.
