Q3 2026 Sapphire Foods India Ltd Earnings Call Transcript
Key Points
- KFC's restaurant EBITDA improved significantly, reaching 18.8%, indicating better profitability.
- Overall revenue grew by 7% year-on-year, with KFC's revenue increasing by 11%.
- Sapphire Foods India Ltd (BOM:543397) added 31 new stores in the quarter, expanding its presence.
- The company launched successful marketing initiatives like the INR99 Krisper Meal, which showed good traction.
- Sri Lanka operations performed well, with a 15% revenue growth and maintaining the number one QSR status in the country.
- Pizza Hut's revenue declined by 11%, indicating challenges in this segment.
- Consolidated restaurant EBITDA margin decreased by 40 basis points year-on-year.
- Adjusted EBITDA declined by 5% over the previous year, reflecting financial pressures.
- The company faced challenges in expanding Pizza Hut, with no net new units added over the year.
- Significant increase in minimum wages in Sri Lanka impacted margins, with a 110 basis points drop.
Ladies and gentlemen, good day and welcome to the Sapphire Foods Q3 FY26 on its conference call.(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Sanjay Purohit. Thank you, and over to you, sir.
Good afternoon, everybody. My name is Sanjay Purohit, and I'm the Group CEO at Sapphire Foods, and I'm joined by Vijay Jain, who is our CFO. Welcome to our quarter three FY26 Investor Presentation where we'll talk about our business performance highlights.
Our quarter three performance saw much improvement on profitability compared to our earlier quarters, and this was led by KFC's restaurant EBITDA coming in at 18.8%. Revenue for KFC grew by 11%, Pizza Hut declined by 11% and Sri Lanka grew by 15%.
Overall, we were able to grow revenue in the region of 7%, 7.5%. In Pizza Hut, our Tamil Nadu market continues to deliver double-digit delta performance, both on SSSG as well as on EBITDA versus the
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