Sapphire Foods

SAPPHIRE

NSE

BSE

SectorLeisure Services

Loading chart…

Company insights, generated from the most recent coverage.

Q1 FY27 revenue up 15% to ₹8,882 Cr and EBITDA margin expanded 130 bps to 8.4%, marking best operational performance in 15 quarters.
Merger scheme with Devyani revised after SFML-Arctic secondary sale termination; promoter now participates via standard swap ratio, introducing timeline uncertainty.
Stock fell 3.8% on profit booking after 34% 1-month rally; 'buy the rumour, sell the news' dynamic triggered by merger revision announcement.

The Quarter story

The two most recent quarterly results, compared side-by-side.

Sapphire Foods delivers a strong operational turnaround with rising adjusted profits and steady store expansion, though Pizza Hut India still faces margin pressure.

Adj. PBT grows from ₹83 Cr to ₹273 Cr from Q1 FY26 to Q1 FY27, confirming a strong operational turnaround.

Pizza Hut India Restaurant EBITDA Margin remains negative, shifting from -2.5% to -3.6% from Q1 FY26 to Q1 FY27, indicating ongoing profitability pressure.

KFC India Restaurant Sales grow from ₹5,275 Cr to ₹6,183 Cr from Q1 FY26 to Q1 FY27, driven by higher average daily sales.

Pizza Hut India SSSG stays in negative territory, moving from -8% to -7% from Q1 FY26 to Q4 FY26, signaling weak same-store traffic recovery.

Sri Lanka Restaurant EBITDA Margin improves from 12.7% to 14.6% from Q1 FY26 to Q4 FY26, reflecting resilient unit economics.

Adjusted Profit After Tax swings from ₹58 Cr to -₹44 Cr from Q1 FY26 to Q4 FY26, highlighting bottom-line volatility.

Consolidated Gross Margin climbs from 67.6% to 69.0% from Q1 FY26 to Q1 FY27, showing sustained pricing power.

PAT deteriorates from -₹127.87 Cr to -₹126.21 Cr from Q2 FY26 to Q4 FY26, reflecting persistent net losses.

Restaurant Count expands from 974 to 1,074 from Q1 FY26 to Q1 FY27, supporting long-term revenue scaling.

Other Income declines from ₹62.47 Cr to ₹45.41 Cr from Q1 FY26 to Q4 FY26, reducing ancillary earnings support.

About the company

Sapphire Foods India Limited is a leading Yum franchisee operator in India, Sri Lanka, and Maldives. The company operates KFC, Pizza Hut, and Taco Bell restaurants across these countries. As of March 31, 2023, Sapphire Foods owned and operated 341 KFC and 286 Pizza Hut restaurants in India, 105 Pizza Hut and 9 Taco Bell restaurants in Sri Lanka, and 1 KFC and 1 Pizza Hut in Maldives. The company was incorporated in 2009 and began its franchise operations in 2015 after acquiring about 270 KFC and Pizza Hut restaurants. Sapphire Foods expanded its presence to over 135 cities in India and introduced compact omnichannel restaurants. The company went public in November 2021 with an IPO of Rs 2073 crore. It continues to grow its restaurant portfolio, having opened 164 new outlets in the fiscal year 2022-23.

In the news