Sapphire Foods India Ltd

Q4 FY25

Sapphire Foods India Q4 FY25 earnings call: Revenue & Margins

Q4 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

Sri Lanka store additions expected to accelerate from low single digits to high single digits annually over the next 1-2 years, reflecting a stable environment and double-digit same-store sales growth (SSSG). Sri Lanka store additions expected to accelerate to high single digit growth for the next 1-2 years, supporting earnings growth.

From Sapphire Foods India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Sri Lanka store additions expected to accelerate from low single digits to high single digits annually over the next 1-2 years, reflecting a stable environment and double-digit same-store sales growth (SSSG).
KFC aims to open 60-80 net new stores annually in the medium term, maintaining steady expansion.
Pizza Hut adopting an extremely cautious approach with net additions capped at 20-25 stores annually.
Revenue growth target is moderate to strong, aiming for 15%-20% growth typically, which supports a controlled increase in corporate costs.
Same-store sales growth for KFC expected to move from flattish to low single digits in near term, potentially improving margins if it reaches 5%-6%.

2 more points management made on revenue & sales performance

Profitability & Margins

Sri Lanka store additions expected to accelerate to high single digit growth for the next 1-2 years, supporting earnings growth.
Despite gross margin declines in Pizza Hut India and Sri Lanka, stable gross margin levels are anticipated with modest EBITDA improvements in Sri Lanka due to strong SSSG and transaction growth.
Pizza Hut India EBITDA expected to remain under pressure due to lack of SSSG recovery; near-term restaurant EBITDA expected to be range-bound to low single digits.
Corporate costs will likely grow in double digits aligned with revenue growth target of 15%-20%, maintaining operational discipline.
KFC margins held resilient at ~17.5%; EBITDA improvement tied to achieving positive same-store sales growth (SSSG) beyond 5%.

2 more points management made on profitability & margins

See what Sapphire Foods India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex includes new store additions, refurbishments, and tech investments.
New store capex per unit: KFC ~ Rs. 2.1 crore; Pizza Hut ~ Rs. 1.35 crore.
Refurbishments occur typically at 5- and 10-year intervals for major sites.
Current year store additions: 70 KFC stores, 15 Pizza Hut stores.
CAPEX impacted by renewal fees due to 10-year store anniversaries and Yum! payments.
Expect cautious Pizza Hut expansion with max 20-25 net new stores per year.
KFC expansion guidance: 60-80 net store additions annually in the medium term.
Cloud kitchen/takeaway-only models not favored due to less favorable economics and high back-of-house costs (~70% of CAPEX).

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

The transcript on page 16 does not explicitly mention any current or future fundraising plans through debt or equity.
The company discussed cash flow and CAPEX, noting that while this year cash flow and EBITDA were similar, they may need to dip slightly into cash reserves next year due to renewal fees and refurbishments.
There is no indication of plans for raising capital via equity or debt in the near term.
Overall, the focus appears to be on managing costs, cash flow, and cautious store expansion rather than on raising funds externally.

See what Sapphire Foods India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript does not contain specific information regarding Sapphire Foods' current or expected order book or pending orders. The discussion primarily revolves around: - Store additions/growth plans: KFC expected to add 60-80 net stores annually, Pizza Hut cautiously adding 20-25 net stores per year. - Sales and margin performance updates for KFC and Pizza Hut. - Delivery channel growth and mix.

2 more points management made on order book & pipeline

Sapphire Foods India Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

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

Full financials →

What Sapphire Foods India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Sapphire Foods India Ltd Q4 FY25 results?

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?

Capex includes new store additions, refurbishments, and tech investments. - New store capex per unit: KFC ~ Rs.

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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.