| Revenue growth | 15% revenue growth, strongest in 11 quarters. |
|---|---|
| Margins | Consolidated Adj. EBITDA margin 8.4%; Sri Lanka margins under pressure. |
| Demand visibility | Similar demand environment; KFC seeing recruitment through value meals. |
| Management confidence | Balanced; optimistic on KFC India, cautious on Sri Lanka. |
Growth
Revenue up 15% led by KFC (17%) and Sri Lanka (13% LKR). Positive SSSG across all brands.
Outlook
KFC expansion remains steady at 60-80 stores annually; Pizza Hut expansion remains cautious.
Risks
High energy/fuel costs and Sri Lankan currency depreciation impact restaurant EBITDA margins.
Last quarter's promises, checked
Delivered
- Guided 60-80 KFC store additions annually → delivered 73 stores (= BEAT)
- Guided positive SSSG for KFC → delivered 4% SSSG (6% ex-Navratri) (= BEAT)
- Guided 150-store pilot of ₹99 value meals → delivered rollout to all stores except TN (= BEAT)
Partly delivered
- Guided Sri Lanka store additions → delivered 9 stores (highest in 3 years but cautious) (= PARTIAL)
- Guided 12-15 month merger timeline → delivered process on track but subject to NCLT/CCI (= PARTIAL)
Missed
- Guided Pizza Hut revenue growth → delivered -7% revenue decline (= MISS)
- Guided Pizza Hut restaurant EBITDA → delivered -3.3% (= MISS)
Earnings Call Transcript filed with NSE, NSE: SAPPHIRE. Summary written with AI assistance from the document.
Sapphire Foods India Ltd: key numbers
- Share price
- ₹223.61
- Market cap
- ₹7,186 Cr
- Revenue (annual)
- ₹3,125 Cr
- Net profit (annual)
- ₹-31.96 Cr
- P/E (TTM)
- -402.2×Sector 43.7×
- Promoter holding
- 26.07%+0.00% QoQ
- FII holding
- 25.25%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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