Sapphire Foods India Limited — Investor Meet, 14-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sapphire Foods India added 91 restaurants in FY25 to reach 963 outlets, with sales up 11% despite a 4% dip in Adjusted EBITDA. KFC’s same-store sales decline is moderating, supported by rising delivery and “epic core variety” campaigns, maintaining a 17.3% EBITDA margin. Pizza Hut saw flat-to-low single-digit EBITDA amid limited advertising and franchisee issues, with a 1% same-store sales gain expected to improve soon. Sri Lanka showed strong momentum with 16% sales growth and restaurant margins above 15%. Delivery via own channel grew 3x faster than aggregators but is ~10% of mix. Store additions target 60-80 for KFC and 20-25 for Pizza Hut yearly. Focus remains on dine-in-led omni-channel growth; cash flow stable with a slight dip forecast due to renewals.