Slides
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1 Q3FY26 Business Performance Feb’2026
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2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sapphire Foods India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in Restaurant Sales, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
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3 Table Of Contents KFC India Pizza Hut India Sri Lanka Business Financial Overview1 Brand Performance2 Page 04-15 Page 17 Page 27 Page 35 ESG3 Page 44
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4 Financial Overview
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5 ➢ Q3 FY26 performance saw much improvement on profitability compared to earlier quarters led by KFC Rest. EBITDA at 18.8%. Revenue for KFC grew by 11% and Pizza Hut India revenue declined by 11%. PH Tamil Nadu continues to deliver positive double digit delta performance over rest of the country. Sri Lanka continued its strong growth trajectory with revenue up by 15% in LKR. ➢ Sapphire Foods delivered revenue of ₹ 8112 Mn with 7% growth YoY. ➢ In Q3FY26 we added 27 KFC restaurants, 1 Pizza Hut in India and 3 Pizza Hut in Sri Lanka. Sapphire Foods total restaurant count was 1028 as on 31st Dec 2025. ➢ Consol Rest. EBITDA grew by 5% YoY , and margin was at 15.0% ( 40 bps) ➢ Consol Adj. EBITDA was ₹ 774 Mn, declined 5% YoY and Consol Adj. EBITDA Margin of 9.5%. Consol EBITDA (₹ 1,360 Mn, 16.8%) declined 3% YoY ( 170 bps) ➢ Consol Adj. PBT before exception (₹ 238 Mn, 2.9%) | Consol PBT before exceptional (₹ 78 Mn, 1.0%) | Consol PBT ₹ -34 Mn, -0.4%. Exceptional items includes one time impact of ₹80 Mn on account of labour code changes and ₹31 Mn towards merger related cost. ➢ Sapphire KFC SSSG for the quarter was 1% (Navratri benefit included) and it delivered a healthy Rest. EBITDA margin of 18.8% ( 60 bps) on the back of Gross Margin improvement and cost efficiencies. The increase in GM% was on account of reduced discounts & rationalised value offer construct. The ₹299/- EPIC Saver value campaign did not give us desired results and hence to attract new customers and drive transactions we pivoted towards ₹99/- Krisper Chicken Burger Meal in Dine In & Takeaway channels. This is being piloted in ~25% of stores starting 2nd week of Dec’25 and the 7-weeks read is encouraging. We have added further muscle to this through a mass media advertising campaign launched in the last week of Jan’26 aimed at getting in new customers to our stores. ➢ Sapphire Pizza Hut SSSG declined by 12%. Rest. EBITDA was negative at 3.1% ( 780 bps YoY). The Tamil Nadu Sapphire performance continues to show double digit delta on SSSG and Rest. EBITDA compared to the rest of the country. The net restaurant addition in CY25 for Pizza Hut is nil. ➢ Our Sri Lanka business delivered another quarter of creditable double digit SSSG (11% LKR). Rest. EBITDA came at 16.7% with growth of 7% YoY LKR terms. The Rest. EBITDA drop (110 bps YoY) was on account of significant increase in minimum wage and further impacted by Cyclone related costs. 5 Key Highlights Q3 FY26
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6 Summary Consolidated Financials Q3 FY26 #Adj. EBITDA and Adj. PBT is before Ind-AS 116 adjustments *Adj. PBT & PBT of Q3 FY26, 9MFY26, 9MFY25 and FY25 are before the exceptional items of ₹112 Mn, ₹ 112 Mn, ₹114 Mn and ₹153 Mn respectively Particulars Q3 FY26 Q3FY25 ▲/▼ YoY 9M FY26 9M FY25 ▲/▼ YoY FY25 Restaurant Sales Mn 8,112 7,550 ▲7% 23,261 21,655 ▲7% 28,754 Adj. EBITDA ₹ Mn 774 811 ▼5% 1,772 2,109 ▼16% 2,616 % 9.5% 10.7% ▼120 bps 7.6% 9.7% ▼210 bps 9.1% EBITDA Mn 1,360 1,398 ▼3% 3,555 3,792 ▼6% 4,925 % 16.8% 18.5% ▼170 bps 15.3% 17.5% ▼220 bps 17.1% Adj. PBT Mn* 238 255 ▼7% 278 637 ▼56% 699 % 2.9% 3.4% ▼50 bps 1.2% 2.9% ▼170 bps 2.4% PBT Mn* 78 168 ▼54% -106 340 ▼131% 384 % 1.0% 2.2% ▼120 bps -0.5% 1.6% ▼210 bps 1.3% Restaurant Additions(Net) 31 54 65 91 91
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7 Journey Of Sapphire Foods Built A Platform Of 1028 Outlets (1) (1) As on 30th Dec 25 Sri Lanka + Maldives included 4 restaurants in the previous years. As on 31 st Dec 25 all the 4 restaurants are closed. 128 127 133 339 334 339 496 502 556 Dec'24 Mar'25 Dec'25 KFC India Pizza Hut India Sri Lanka + Maldives RESTAURANT COUNT RESTAURANT ADDITION 3 -1 1 2 3 16 -5 2 2 1 35 6 8 19 27 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 KFC India Pizza Hut India Sri Lanka + Maldives 54 0 11 23 31 963 963 1028 Maldives Sri Lanka KFC : 19 PH : 16 KFC : 27 PH : 35 KFC : 120 PH : 88 KFC : 11 PH : 4 KFC: 161 PH: 59 8 28 636 28 37 72 1778 PH : 122 TB : 11 KFC : 14 PH : 4 KFC : 0 PH : 0 SAPPHIRE FOODS: GEOGRAPHICAL PRESENCE (1) KFC & Pizza Hut KFC Only Pizza Hut only Lanka – Pizza Hut, Taco Bell
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8 Financial Highlights Q3 FY26
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9 Financial Highlights Q3 FY26
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10 Financial Highlights Q3 FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments
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11 Financial Highlights Q3 FY26 # Adj. EBITDA is before Ind-AS 116 adjustments
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12 Financial Highlights Q3 FY26 #Adj. EBITDA and Adj. PBT is before Ind-AS 116 adjustments Note: Adj. PBT & PBT of Q3 FY26, 9MFY26, 9MFY25 and FY25 are before the exceptional items of ₹112 Mn, ₹ 112 Mn, ₹114 Mn and ₹ 153 Mn respectively
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13 Financial Highlights Q3 FY26 # Adj. PAT is before Ind-AS 116 adjustments
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14 Financial Highlights: Restaurant Sales & Adj. EBITDA trend Note Adj. EBITDA is before Ind-AS 116 adjustments * Adj. EBITDA% after Normalizing additional incentives in FY22
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15 Financial Highlights: Consolidated Profit & Loss Statement Particulars (In ₹ mn) Q3 FY26 Q3 FY25 YoY % 9M FY26 9M FY25 YoY% FY25 Restaurant Sales 8,111.79 7,549.76 7% 23,260.81 21,655.01 7% 28,753.63 Other operating income 26.50 15.61 70.13 50.22 65.01 COGS 2,549.79 2,376.16 7476.92 6802.83 9,068.44 Gross Profit 5,588.50 5,189.21 8% 15,854.02 14,902.40 6% 19,750.20 Gross Margin% 68.9% 68.7% 68.2% 68.8% 68.7% Employee Expenses 1,089.99 983.59 3,170.78 2,886.78 3,863.95 Other Expenses 3,138.74 2,807.36 9,127.97 8,223.31 10,961.18 EBITDA 1,359.77 1,398.26 -3% 3,555.27 3,792.31 -6% 4,925.07 EBITDA Margin % 16.8% 18.5% 15.3% 17.5% 17.1% Depreciation 1,019.64 1004.96 2,911.61 2,789.49 3,639.16 Finance Cost 314.96 275.16 916.91 818.92 1,116.26 Other Income 52.93 50.05 167.13 155.41 214.66 PBT before exceptional items 78.10 168.19 -54% -106.12 339.51 -131% 384.31 PBT Margin % 1.0% 2.2% -0.5% 1.6% 1.3% Exceptional items 111.63 - 111.63 114.20 152.95 PBT after exceptional items -33.53 168.19 NA -217.75 225.31 NA 231.36 Tax Expenses/(credit) 14.55 40.87 -24.42 78.51 64.32 PAT -48.08 127.32 NA -193.33 146.80 NA 167.04 PAT Margin% -0.6% 1.7% -0.8% 0.7% 0.6%
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16 Brand Wise Performance
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17 KFC India Business Performance
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18 KFC Brand Priorities Craveable Taste Launch of global “Saucy” concept in Dunked in Jan’26 Value Mass media Advertising to attract new customers through ₹99/- Krisper Chicken Burger Meal Frictionless Customer Experience Digital Kiosks rolled across 70% estate Own Delivery continues to deliver healthy growth Drive Penetration and Frequency for KFC Pilot initiated for ₹99/- Krisper Chicken Burger Meal in DineIn Takeaway channels in ~ 25% stores Improve Accessibility Continue current pace of expansion (60-80 stores per year) Operational Excellence > 4.0 ratings across Swiggy, Zomato & Google
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19 KFC Brand Priorities | Drive Penetration & Frequency | Value https://youtu.be/wNxhW4VFomU?si=Yjnl38VDuj8-W9BSClick here to see the Ad
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20 KFC Brand Priorities | Craveable Taste & Value
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21 KFC Brand Priorities | Digitization Digital KIOSKs implemented at > 70% of restaurants Total App downloads 63 Mn+ Monthly Active Users 2.1 Mn
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22 KFC Brand Priorities | New Restaurants JAMB HIGHWAY, NAGPUR ZORA MALL , RAIPUR SATKAR BILASPUR DT DLF THARAMANI, TAMIL NADU
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23 KFC India Q3FY26
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24 KFC India Q3FY26
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25 KFC India Q3FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments
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26 KFC India Q3FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments * Rest..EBITDA% after Normalizing additional incentives in FY22
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27 Pizza Hut India | Business Performance
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28 Pizza Hut Brand Priorities Differentiated Dine-In Experience (like Casual Dine-In Restaurants) Hot n Fresh Delivery Experience Competitive Value for money Taste Superiority through Pizza & sides innovation Cautious store expansion (~1000/1200 sqft. stores) Mass media advertising to drive consumer awareness & consideration Actions: - Ultimate cheese Pizza and Cheesy Pocket launched in Oct’25 - New Crafted Flatzz launched in Jan’26 Actions: - Dine-In speed of service metrics continue to improve Actions: - Google, Swiggy & Zomato average ratings across the network >= 4.0 Actions: - Exclusive Value offerings on Dine-In (Buy1 Get3, 4 course Meal starting ₹99/-, Unlimited Pizza Fridays) Actions: - No expansion in CY25 Actions: - Tamil Nadu continues to deliver double digit delta performance w.r.t. SSSG% & Rest. EBITDA%
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29 Pizza Hut Brand Priorities | New Products https://youtu.be/Pygqg9fXFIQ?si=pqc2IpZ6RV8AX2Ws https://youtu.be/IKlrKMWUaGo?si=dUicWRRrjuI4KXMi
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30 Pizza Hut Brand Priorities | Digitization Total App Downloads – 20.4 Mn+ Monthly Active Users – 1 Mn+
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31 Pizza Hut India Q3FY26
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32 Pizza Hut India Q3FY26
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33 Pizza Hut India Q3FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments
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34 Pizza Hut India Q3FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments * Rest..EBITDA% after Normalizing additional incentives in FY22
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35 Sri Lanka Business Performance
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36 Sri Lanka New Product Development
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37 Sri Lanka Branding and Promotions
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38 Sri Lanka New Restaurants NEGOMBO TOWN MATARA BOKUNDARA
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39 Sri Lanka Business Q3FY26
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40 Sri Lanka Business Q3FY26 Note: LKR to INR conversion rate of 0.2871 for Q3 FY26 and 0.2872 for Q3 FY25
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41 Sri Lanka Business Q3FY26 Note: LKR to INR conversion rate of 0.2871 for Q3 FY26 and 0.2872 for Q3 FY25
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42 Sri Lanka Business Q3FY26 Absolute Rest. EBITDA increased by 7 % in LKR terms (increased by 8% in INR terms) # Restaurant EBITDA is before Ind-AS 116 adjustments
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43 Sri Lanka Business Q3FY26 * Restaurant EBITDA% after Normalizing additional incentives in FY22 #Average daily sales is for all restaurants including new additions during the period
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44 ESG
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45 Thank You Sapphire Foods India Limited CIN: L55204MH2009PLC197005 702, Prism Tower, A-Wing, Mindspace, Link Road, Goregaon (West), Mumbai - 400062. India kaushik.vankadkar@sapphirefoods.in www.sapphirefoods.in Investor Relations Partner: Vogabe Advisors Private Limited Ms. Himani Singla sapphirefoods@vogabe.com +91 9569926021 | www.vogabe.com