Summary

Sapphire Foods India Limited reported a strong performance for Q4 FY26, with revenue reaching ₹ 7,898 Mn, an 11% increase year-over-year. This quarter was highlighted as the best in the last 12 quarters for Same-Store Sales Growth (SSSG) and Adjusted EBITDA growth, largely due to successful consumer recruitment for KFC. Consolidated Restaurant EBITDA saw a 21% YoY growth with a 13.0% margin, while Consolidated Adjusted EBITDA rose 20% to ₹ 610 Mn, achieving a 7.7% margin. The company's management views this uplift in performance as encouraging for the new fiscal year, despite facing challenges related to LPG availability and inflation.

Key Highlights

1. 1

   Sapphire Foods India Limited reported revenue of ₹ 7,898 Mn for Q4 FY26, marking an 11% growth year-over-year.

2. 2

   Q4 FY26 was the company's best quarter in the last 12 quarters in terms of Same-Store Sales Growth (SSSG) and Adjusted EBITDA growth, primarily driven by strong new consumer recruitment for KFC.

3. 3

   Consolidated Restaurant EBITDA grew by 21% year-over-year, achieving a margin of 13.0%, which is a 100 basis point improvement.

4. 4

   Consolidated Adjusted EBITDA reached ₹ 610 Mn, representing a 20% year-over-year increase, with a margin of 7.7%.

5. 5

   KFC's Same-Store Sales Growth (SSSG) was 4% (6% excluding Chaitra Navratri), the highest for KFC in the last 14 quarters, with its Restaurant EBITDA margin improving to 16.8% (+110 bps YoY).

6. 6

   During Q4 FY26, the company expanded its restaurant network by adding 19 KFC, 2 Pizza Hut in India, and 3 Pizza Hut in Sri Lanka, bringing the total restaurant count to 1,052 as of March 31, 2026.

7. 7

   Despite overall positive performance, Pizza Hut India's revenue declined by 6% year-over-year, and its Restaurant EBITDA was negative at 6.0%.