Brands
Mahesh Samat steps down from The Walt Disney Company after 9 years
Veteran executive closes four-decade career spanning Disney, J&J and Epic
MUMBAI: Mahesh Samat has stepped down from The Walt Disney Company, bringing the curtain down on a career that has spanned four decades across FMCG, healthcare, media and entertainment.
In a personal note marking the milestone, Samat said, “After 40 years, I’m calling it a day,” reflecting on a journey that saw him build brands, launch businesses and lead teams across multiple geographies.
Samat spent over nine years at Disney in senior leadership roles, most recently serving as global head of publishing and branded retail. Prior to that, he held positions including EVP, consumer, games and publishing for APAC, and managing director for India, playing a key role in expanding the company’s regional footprint.
Before rejoining Disney in 2016, he founded and led Epic Television Networks, where he helped shape a distinct content-led television brand in India.
His earlier career included leadership roles at Johnson & Johnson, where he served as managing director for Southern Europe in vision care and vice-president for Asia-Pacific, underscoring his cross-sector experience.
An alumnus of Indian Institute of Management Calcutta, Samat’s career has been marked by a mix of corporate leadership and entrepreneurial ventures across markets including India, Singapore, the UK and Europe.
Reflecting on his journey, Samat emphasised that beyond titles and milestones, it was the people and relationships that defined his career. As he signs off, his exit marks the close of a long and varied innings in India’s corporate and media landscape.
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.
