Brands
The Sleep Company appoints Hemal Jain as chief financial officer
Consumer sleep brand bets on profitability and rigour as growth accelerates
MUMBAI: The Sleep Company has hired Hemal Jain as chief financial officer, bringing in a seasoned finance leader as the mattress and sleep-solutions brand sharpens its push towards disciplined growth and profitability.
Jain arrives with more than 20 years’ experience cutting across FMCG, food tech, quick commerce, B2B enterprises and startup consulting. Her career spans senior roles at Hindustan Unilever and Eternal, where she worked closely with founders and CXOs, built large teams and steered firms through make-or-break growth phases.
She is known for helping businesses move from high cash burn to sustainable profitability, and for contributing to IPO and acquisition journeys—pairing strategic foresight with operational grit.
Jain frames finance as a front-seat function rather than a back-end scorekeeper. In her view, finance works best as a thinking partner from day one, shaping decisions, building resilient systems and creating long-term value.
“We are thrilled to welcome Hemal into The Sleep Company family,” said Priyanka Salot, co-founder, The Sleep Company. “As the company continues to grow, strong financial discipline and clear decision-making are essential. Hemal’s experience in building finance teams across large consumer and digital organisations, along with her ability to balance growth and control, will support The Sleep Company.”
The appointment comes as the company enters its next phase of expansion, with a sharper focus on financial architecture and scalable innovation.
In India’s crowded D2C landscape, where growth often outruns governance, The Sleep Company is signalling a clear intent: chase ambition, but count the cost. With Jain at the numbers desk, the message is simple—sleep well, but keep one eye on the balance sheet.
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.
