SAPPHIRE NSE filing

Sapphire Foods Reports Reasonable Q2 FY26 Performance; Revenue ₹7,401 Mn

The RealCase readMedium impact Neutral

Sapphire Foods reports Q2 FY26 revenue of ₹7,401 million, up 7% YoY. KFC grew 7%, Pizza Hut India declined 6%, while Sri Lanka grew 18%. The company inaugurated its 1000th restaurant. Consol EBITDA declined 12% YoY.

Why it matters

The results show moderate growth with some areas of concern, such as the decline in Pizza Hut India's revenue and overall EBITDA margins. The expansion of restaurants is a positive sign.

The market read

The announcement presents a mixed performance with revenue growth but declines in EBITDA and SSSG for Pizza Hut. KFC performed well. Overall, the results are mixed.

* Sapphire Foods reported a reasonable Q2 FY26, with revenue of ₹7,401 million, a 7% YoY growth. * KFC revenue grew by 7% (10% excluding Navratri impact). * Pizza Hut India revenue declined by 6%, but Pizza Hut Tamil Nadu (SFIL exclusive territory) grew double digits. * Sri Lanka business grew by 18% in LKR. * 19 KFC restaurants and 2 Pizza Hut restaurants were added in India. 1 Pizza Hut and 1 Taco Bell were added in Sri Lanka. * The 1000th Sapphire restaurant was inaugurated on 16 Oct 2025 in Tamil Nadu; this is a KFC restaurant. * Consolidated Restaurant EBITDA declined by 12% YoY, with a margin of 11.3%. * Adjusted EBITDA was ₹450 million, a 24% YoY decline. Consolidated EBITDA was ₹1,062 million, a 8% YoY decline. * KFC SSSG for the quarter was -3%. Restaurant EBITDA margin came in at 13.8%. * Pizza Hut SSSG declined by 8%. Restaurant EBITDA was negative at 1.8%.

Filing to action

What to do with a filing like this

Sapphire Foods India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.

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Primary source

A plain-language summary of a public exchange filing by Sapphire Foods India Limited. Read the original for the full detail.

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