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Sapphire Foods India Ltd

Q3 FY25

Sapphire Foods India Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹242

Market cap₹6.5K Cr

P/E2,644.4

Updated23 Aug 2026

Read4 min read

The short version

Sapphire Foods expects continued double-digit revenue growth across all verticals (KFC, Pizza Hut, Sri Lanka). Sapphire Foods reported double-digit revenue and adjusted EBITDA growth in Q3 FY25, indicating healthy momentum across all business verticals (KFC, Pizza Hut, Sri Lanka).

From Sapphire Foods India Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Sapphire Foods expects continued double-digit revenue growth across all verticals (KFC, Pizza Hut, Sri Lanka).
For Sri Lanka, there is a medium to long-term revenue CAGR target of about 15%, driven by both store openings and SSSG.
KFC aims to return to positive same-store sales growth (SSSG) likely over the next 2 quarters, supported by initiatives to increase consumption occasions and value offerings.
Pizza Hut has shown positive SSSG of 5% after 8 quarters and expects cautious store expansion (20-25 stores/year).
The company plans to continue expanding KFC stores at 70-80 new stores annually.

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Profitability & Margins

Sapphire Foods reported double-digit revenue and adjusted EBITDA growth in Q3 FY25, indicating healthy momentum across all business verticals (KFC, Pizza Hut, Sri Lanka).
KFC’s same-store sales growth (SSSG) is negative but improving, with a positive trajectory expected in the next 1-2 quarters, potentially aided by base effects.
Stable or slightly improving margins predicted for KFC (~18%) if SSSG ranges from 0-5%; higher margins require double-digit SSSG.
Pizza Hut reported a positive 5% SSSG and stable average daily sales (ADS); cautious store expansion until double-digit store-level EBITDA visibility is achieved.
Sri Lanka business showed strong double-digit revenue and SSSG growth; targeting ~15% revenue CAGR over the medium term.

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Capital Expenditure Plans

KFC capex per store is around INR 2 crores.
Pizza Hut capex per store has reduced to approximately INR 1.35-1.4 crores from INR 1.5-2 crores over recent years, achieved by introducing a 1,000 sq ft model with tighter kitchen integration.
Further significant capex reduction is unlikely without compromising consumer experience.
For FY25, Sapphire Foods plans to open about 70-80 KFC stores and around 20-25 Pizza Hut stores.
Capex guidance for overall numbers is avoided; refurbishments and IT investments add to store opening capex.
The company continues cautious monitoring of store expansion markers like SSSG, ADS, and restaurant EBITDA.

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Fundraising & Capital Structure

The transcript does not mention any current or planned future fundraising through debt or equity.
There is no discussion on raising capital via equity issuance or debt borrowing in the Q3 FY25 earnings call.
The focus is primarily on operational performance, store expansions, margin improvement, and business strategy.
Capex plans are discussed in terms of store openings and renovations, but no mention of funding sources beyond operational cash flow.

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Order Book & Pipeline

The transcript of Sapphire Foods India Limited's Q3 FY25 earnings call does not explicitly mention any details regarding the current or expected order book or pending orders. The discussion primarily focuses on operational performance metrics such as revenue growth, same-store sales growth (SSSG), store expansion plans, capex, margins, and competitive landscape across brands like KFC, Pizza Hut, and their geographic regions including India and Sri Lanka. - No specific information on current or expected order book or pending orders disclosed. - Emphasis on store expansion: 70-80 new KFC stores and 20-25 new Pizza Hut stores planned. - Focus on improving sales via marketing, product innovation, and operational excellence.

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Sapphire Foods India Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹792 Cr, net loss ₹13 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Sapphire Foods's management said in earlier quarters

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Frequently Asked Questions

What were Sapphire Foods India Ltd Q3 FY25 results?

Sapphire Foods expects continued double-digit revenue growth across all verticals (KFC, Pizza Hut, Sri Lanka). Sapphire Foods reported double-digit revenue and adjusted EBITDA growth in Q3 FY25, indicating healthy momentum across all business verticals (KFC, Pizza Hut, Sri Lanka).

What is Sapphire Foods India Ltd share price analysis?

Sapphire Foods India Ltd currently shows a neutral. The stock trades at a P/E of 2644.4 with a market cap of ₹6,509 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sapphire Foods India Ltd planning capital expenditure?

KFC capex per store is around INR 2 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.