Q2 2025 Sapphire Foods India Ltd Earnings Call Transcript
Key Points
- Sapphire Foods India Ltd (BOM:543397) reported a 9% overall revenue growth, with gross margin improving by 40 basis points year on year.
- The company opened 19 new stores in the quarter, aiming to double its store count by the end of the calendar year.
- Sri Lanka business showed strong recovery with a 19% increase in restaurant sales in rupee terms and the best restaurant EBITDA margin in the last 45 quarters.
- Pizza Hut saw a 17% sequential uplift in average daily sales, indicating stabilization in sales performance.
- The company is focusing on product innovations and marketing investments to drive sales, such as the launch of the Momo Mia range of appetizers and pizzas.
- Consolidated restaurant EBITDA declined by 8% year on year, with restaurant margin down by 240 basis points.
- KFC's same-store sales growth (SSSG) was negative 8%, impacted by vegetarian festival days and muted demand conditions.
- The Maldives business faced significant challenges, with sales down by nearly 60% year on year, leading to a non-cash impairment of INR 11.4 crores.
- The company is experiencing a shift towards delivery, which impacts margins due to higher delivery costs.
- Competitive intensity in the QSR sector is high, with increased competition from both traditional and digital channels affecting sales.
FY 25 earnings conference call hosted by Orean Capital. ( Opertor Instruction).Please note that this conference is being recorded. I now hand the conference over to Ms. Shivani Karwat from Orient Capital. Thank you, and over to you, Ma'am.
Good evening, everyone. Welcome to the Q2 and H1 FY24 earnings conference call for Sapphire Foods India Limited.rom the management, we have with us Mr. Sanjay Purohit, Group CEO and Whole-Time Director; Mr. Vijay Jain, CFO; and Mr. Rahul Kapoor, Head Investor Relations.
I hope everybody had a chance to go through the results and the investor presentation which was uploaded on the exchange earlier today. Before we proceed. A reminder that this call may contain some forward-looking statements which do not guarantee future performances and involve unforeseen risk. A detailed disclaimer has also been published in the presentation. I will now hand over the call to Mr Sanjay over to you Sir.
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