Sapphire Foods India Ltd

Q4 FY26

Sapphire Foods India Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 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

KFC showed strong recovery with 4% SSSG (6% excluding Navratri), the highest in 14 quarters, indicating positive growth momentum. KFC shows strong recovery with 4% SSSG (6% ex-Navratri), highest in 14 quarters, driven by a two-pronged consumer recruitment strategy.

From Sapphire Foods India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

KFC showed strong recovery with 4% SSSG (6% excluding Navratri), the highest in 14 quarters, indicating positive growth momentum.
Strategy focusing on consumer recruitment through value offerings and disruptive innovation is delivering results, supporting sustainable growth.
Sri Lanka delivered consistent double-digit same-store sales growth (SSSG) and plans to accelerate store expansion at a high single- to low double-digit pace over the next 2-3 years.
Overall revenue growth: Q4 grew 11% Year-on-Year; full year grew 8%, with KFC growing 11%, Pizza Hut declining 7%, and Sri Lanka growing 15% (LKR terms).
Post-merger synergy with Devyani International expected by end of FY27 could boost unified brand strategy and growth.

2 more points management made on revenue & sales performance

Profitability & Margins

KFC shows strong recovery with 4% SSSG (6% ex-Navratri), highest in 14 quarters, driven by a two-pronged consumer recruitment strategy.
Positive impact from new consumer recruitment and successful value campaigns (e.g., INR99 Burger Meal, BOGO offers).
Marketing investments increased by 75-100 bps to sustain growth, focused on driving transactions and SSSG.
Gross margin supported by vendor partnerships, with potential 50-70 bps margin investment if support ends.
Q4 FY26 was best quarter in 12 quarters in SSSG and EBITDA growth; consolidated restaurant EBITDA grew 21% YoY, margin up 100 bps at 13%.
Adjusted EBITDA grew 20% YoY in Q4, showing positive operating leverage.
Merger with Devyani expected to complete by end of FY26, enabling unified brand strategy and future growth.

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

FY '26 capex was about INR 320 crores, including new store openings (~90 stores), refurbishments, and renewal fees.
Renewal fees kick in after 10 years, adding to the capital spend beyond just new store capex.
Per store capex: KFC around INR 2.1-2.2 crores; Pizza Hut INR 1.35-1.4 crores (excluding renewal/initial fees).
Store closures also impact overall capex calculations, especially for Pizza Hut.
For FY '27, a similar capex level is expected, indicating ongoing investments in new stores, refurbishments, and renewals.

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

The transcript from the provided pages of Sapphire Foods India Limited's April 28, 2026, conference call does not explicitly mention any current or planned new fundraising through debt or equity. Key points related to financials include: - Capex spend of about INR 320 crores with store openings and refurbishments discussed, but no mention of raising funds. - No disclosure or discussion around new debt or equity funding.

- Focus seems to be on organic growth, margin improvement, and merger progress with Devyani. - Commentary highlights operational improvements and strategic deployment of marketing and value initiatives without referencing capital raising. Therefore, based on the available transcript, there is no indication of any new fundraising through debt or equity either currently underway or planned for the near future.

2 more points management made on fundraising & capital structure

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

Order Book & Pipeline

The provided pages (9 to 16) from Sapphire Foods India Limited's transcript do not contain any information regarding the current or expected order book or pending orders. The discussion primarily focuses on: - Business performance, especially KFC same-store sales growth (SSSG). - Impact of LPG shortages on store operations. - Margins, marketing spends, and value initiatives like BOGO and INR99 offers. - Merger timeline with Devyani Food Industries. - Store openings and refurbishment capex.

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 FY26 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?

FY '26 capex was about INR 320 crores, including new store openings (~90 stores), refurbishments, and renewal fees.

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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.