Sapphire Foods Q3 Results: Safire Foods, a company that operates KFC India and Pizza Hut, has released the results of the third quarter of FY25 on 6 February today. The company’s net profit increased by 18 per cent to Rs 12 crore in the October-December quarter. The figure was Rs 10 crore in the same quarter of last year. The company’s shares have declined by 0.47 percent today and this stock is trading on BSE at a price of Rs 317.05.
How to be the results of Sapphire Foods
Safire Foods’ revenue increased by 14 per cent to ₹ 756.5 crore in the December quarter, compared to ₹ 665.5 crore in the same period last year. The company has recorded double digit growth in all three business segments- KFC India, Pizza Hut India and Sri Lanka. Ebitda increased by 10% during the quarter and increased to ₹ 134.2 crore, compared to ₹ 122 crore in the same quarter of a year ago. However, the margin declined from 18.3% to 17.7% due to increasing operating cost.
Sapphire Foods opened 54 new restaurants
Sawyer Foods opened 54 restaurants during the quarter, including 35 KFCs and 16 Pizza Hut outlets in India, four pizza huts in Sri Lanka and one Taco Bell outlet, while the two outlets in the Maldives were closed. By 31 December 2024, Safire Foods had 963 restaurants.
Consolidated restaurant Ebitda increased by 9% annually, while margin was 15.4%, which is 60 basis points. Consolidated PAT was ₹ 12.7 crore, while adjusted PAT was ₹ 19.4 crore, which shows a margin of 2.6%.
Different business segment performance
KFC India’s Sem-Store Sales growth (SSSG) declined by 3%, but improved compared to the previous two quarters. Restaurant sales increased by 12%, although the restaurant EBITDA margin annually fell by 190 base points to 18.2% due to operating delivery.
Pizza Hut India reported 5% SSSG, with average daily sales stable at ₹ 48,000. Restaurant sales increased by 10% annually, while the restaurant EBITDA margin increased by 10 basis points to 4.7%, which got support from additional marketing investments.
Sri Lanka’s business recorded a strong performance in the local currency with a 14% increase in the bean-store sales. The restaurant Ebitda margin increased to 17.8% with an increase of 360 basis points, while the local currency increased by 15% and Rs 30% in the rupee.