Slides
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1 Q2 FY27 Business Performance October’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 04-16 Page 17 Page 29 Page 38
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4 Financial Overview
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5 Q2 FY27 ➢ Sapphire Foods has delivered the best quarter of revenue growth (20%) and adjusted EBITDA growth (39%) since Covid period (i.e. last 16 quarters). ➢ Q2FY27 Revenue was ₹8853 Mn up by 20% YoY ➢ We added 15 KFC restaurants, 1 Pizza Hut in Sri Lanka. Sapphire Foods total restaurant count was 1086 as on 30th Sep 2026. ➢ Consol Rest. EBITDA up by 21% YoY , and margin was at 11.5% (20 bps) ➢ Consol Adj. EBITDA was ₹ 624 Mn, up by 39% YoY and Consol Adj. EBITDA Margin of 7.1% ( 100 bps). Consol EBITDA (₹ 1286 Mn, 14.5%) grew by 21% YoY (20 bps) ➢ Consol Adj. PBT (₹ 120 Mn, 1.4%) | Consol PBT - ₹6 Mn, -0.1% ( 210 bps). ➢ Sapphire KFC delivered highest revenue growth of 26% in last 16 quarters. SSSG came in at 14% (close to double digit factoring the timing shift of Navratri to Q3 instead of Q2 in last year). Rest. EBITDA margin came in at 14.5% ( 70 bps YoY) despite raw material & energy cost inflation and higher marketing investments. Dine-In & Take Away SSSG was higher than the delivery SSSG backed by double digit transaction growth. This is the result of our 2 pronged consumer recruitment strategy of disruptive Every Day Value of ₹99 Chicken Krisper Burger Meal (further modified as ₹149/- Thalaiva Meal for TN market) and Abundant Value on select days (BOGO on Chicken Buckets) backed by marketing investments. ➢ Sapphire Pizza Hut delivered revenue growth of 7% with highest SSSG (+5%) in last 7 quarters, with double digit SSTG (incl. positive SSTG in Dine In & Take Away). This is driven by strong value offers like ₹99/- 4-course meal and Buy 1 Get 1. Rest. EBITDA was negative at 2.8% ( 100 bps YoY) impacted significantly by higher energy costs. ➢ Sri Lanka business revenue grew by 9% in LKR with SSSG of 5% in LKR. Rest. EBITDA remained sequentially steady at 12.5% ( 290 bps YoY) despite impact of very high inflation on wages and energy. 5 Key Highlights Q2 FY27
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6 Summary Consolidated Financials Q2 FY27 & 6M FY27 #Adj. EBITDA and Adj. PBT is before Ind-AS 116 adjustments *Adj. PBT & PBT of Q2 FY27, 6M FY27 and FY 26 are before the exceptional items of ₹13 Mn, ₹13 Mn and ₹240 Mn respectively Particulars Q2 FY27 Q2 FY26 ▲/▼ YoY 6M FY27 6M FY26 ▲/▼ YoY FY26 Restaurant Sales Mn 8,853 7,401 ▲20% 17,736 15,149 ▲17% 31,159 Adj. EBITDA ₹ Mn# 624 450 ▲39% 1,373 998 ▲38% 2,382 % 7.1% 6.1% ▲100 bps 7.7% 6.6% ▲110 bps 7.6% EBITDA Mn 1,286 1,062 ▲21% 2,692 2,196 ▲23% 4,804 % 14.5% 14.3% ▲20 bps 15.2% 14.5% ▲70 bps 15.4% Adj. PBT Mn# before exceptional items* 120 -43 NA 393 40 ▲883% 361 % 1.4% -0.6% ▲200 bps 2.2% 0.3% ▲190 bps 1.2% PBT Mn before exceptional items* -6 -166 NA 156 -184 NA -133 % -0.1% -2.2% ▲210 bps 0.9% -1.2% ▲210 bps -0.4% Restaurant Additions(Net) 12 23 34 34 89
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7 Journey Of Sapphire Foods Built A Platform Of 1,086 Outlets (1) (1) As on 30th September 26 130 136 138 338 341 342 529 575 606 Sept'25 Mar'26 Sept'26 KFC India Pizza Hut India Sri Lanka RESTAURANT COUNT RESTAURANT ADDITION 2 3 3 1 12 1 2 5 -4 19 27 19 16 15 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 KFC India Pizza Hut India Sri Lanka 23 31 24 22 12 997 1,052 1,086 Sri Lanka KFC : 20 PH : 16 KFC : 29 PH : 35 KFC : 132 PH :89 KFC : 11 PH : 4 KFC: 175 PH: 62 9 28 625 28 39 77 2188 PH : 127 TB : 11 KFC : 14 PH : 4 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 Q2 FY27 KFC 21% PH 5% Lanka 12% KFC 26% PH 7% Lanka 8%
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9 Financial Highlights Q2 FY27
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10 Financial Highlights Q2 FY27 # Restaurant EBITDA is before Ind-AS 116 adjustments
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11 Financial Highlights Q2 FY27 # Adj. EBITDA is before Ind-AS 116 adjustments
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12 Financial Highlights Q2 FY27 #Adj. EBITDA and Adj. PBT is before Ind-AS 116 adjustments *Adj. PBT & PBT of Q2 FY27, 6M FY27 and FY 26 are before the exceptional items of ₹13 Mn, ₹13 Mn and ₹240 Mn respectively
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13 Financial Highlights Q2 FY27 # Adj. PAT is before Ind-AS 116 adjustments *Adj. PBT & PBT of Q2 FY27, 6M FY27 and FY 26 are before the exceptional items of ₹13 Mn, ₹13 Mn and ₹240 Mn respectively
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14 Financial Highlights: Consol Restaurant Sales & Adj. EBITDA trend Note Adj. EBITDA is before Ind-AS 116 adjustments
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15 Financial Highlights: Consolidated Balance Sheet Particulars (In ₹ mn) As on 30.9.26 As on 31.3.26 Total Assets 34,387.51 32,558.92 Fixed assets other than goodwill 12,907.30 12,745.10 Right of use assets 12,467.62 11,966.69 Goodwill 1,582.84 1,582.84 Inventories 1,206.12 1,123.00 Trade receivables 435.29 349.92 Cash, bank balances, Investment in MF’s & FD 2,914.07 1,990.12 Other current and non-current asset 2,874.27 2,801.25 Total Liabilities 20,392.63 18,673.38 Lease Liabilities 14,809.85 14,115.23 Borrowings 358.83 56.07 Trade Payables 3,327.08 2,836.34 Other Non-current and Current Liabilities 1,896.87 1,665.74 Total Net Worth 13,994.88 13,885.54 Total Equity 13,994.88 13,885.54 Equity Share Capital 642.77 642.77 Other Equity 13,373.29 13,263.29 Non controlling interests (21.18) (20.52)
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16 Financial Highlights: Consolidated Profit & Loss Statement Particulars (In ₹ mn) Q2 FY27 Q2 FY26 YoY % 6M FY27 6M FY26 YoY % FY26 Restaurant Sales 8,853.38 7,400.97 20% 17,735.77 15,149.02 17% 31,159.02 Other operating income 26.89 23.4 54.10 43.63 94.15 COGS 2,818.47 2,393.7 5,599.04 4,927.13 9,951.38 Gross Profit 6,061.80 5,030.7 20% 12,190.83 10,265.52 19% 21,301.79 Gross Margin% 68.5% 68.0% 68.7% 67.8% 68.4% Employee Expenses 1,162.03 1,057.5 2,315.48 2,080.79 4,279.29 Other Expenses 3,613.71 2,911.5 7,182.99 5,989.23 12,218.52 EBITDA 1,286.06 1,061.6 21% 2,692.36 2,195.50 23% 4,803.98 EBITDA Margin % 14.5% 14.3% 15.2% 14.5% 15.4% Depreciation 1,013.33 972.45 1,986.95 1,891.97 3,921.48 Finance Cost 331.06 306.70 650.37 601.95 1,228.05 Other Income 52.54 51.73 100.84 114.20 212.54 PBT before exceptional items -5.79 -165.78 NA 155.88 -184.22 NA -133.01 PBT Margin % 0.1% -2.2% 0.9% -1.2% Exceptional items 13.27 - 13.27 - 239.59 PBT after exceptional items (19.1) (165.8) NA 142.61 -184.22 NA -372.60 Tax Expenses/(credit) -3.93 -37.91 17.52 -38.97 -53.06 PAT (15.1) (127.9) NA 125.09 -145.25 NA -319.54 PAT Margin% -0.2% -1.7% NA 0.7% -1.0% NA -1.0%
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17 Brand Wise Performance
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18 KFC India Business Performance
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19 KFC Brand Priorities Craveable taste innovations to drive consumer frequency - Double Chicken Dynamite - Launch of “KFC Shawowrma” innovation Value - ₹99/- Krisper Chicken Burger Meal in N/W & ₹149/- Thalaiva meal in TN market - Hot & Crispy BOGO on select days across markets Frictionless Consumer Experience Digital Kiosks rolled across 80%+ estate Own Delivery continues to deliver healthy growth 2-pronged approach to drive consumer recruitment - Strong EDV ₹99/- Krisper Chicken Burger Meal / ₹149/- Thalaiva meal in TN market accompanied by higher marketing investments - Disruptive Abundant Value on select days backed by localized advertising 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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20 KFC Brand Priorities | Drive Penetration & Frequency | Value
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21 KFC Brand Priorities | Drive Penetration & Frequency | Value Disruptive Value (Abundance) | Region specific offer of Buy One Get One Free on Buckets (Core) on select days
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22 KFC Brand Priorities | Craveable Taste & Value
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23 KFC Brand Priorities | Digitization Digital KIOSKs implemented at 80%+ of restaurants Total App downloads 75 Mn+ Monthly Active Users 2.4 Mn
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24 KFC Brand Priorities | New Restaurants WSA-96 EXPRESSWAY, DEHRADUN MORGAN -HIGHWAY, PUNJAB THIRUNELVELI, TN SINGAPERUMALKOIL, TN
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25 KFC India Q2 FY27
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26 KFC India Q2 FY27
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27 KFC India Q2 FY27 # Restaurant EBITDA is before Ind-AS 116 adjustments
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28 KFC India Q2 FY27 # Restaurant EBITDA is before Ind-AS 116 adjustments
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29 Pizza Hut India Business Performance
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30 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: - Extra Spicy range of Pizzas - Baked Chicken Wings - New line of Masala Beverages Actions: - Dine-In speed of service metrics continue to improve Actions: - Google, Swiggy & Zomato average ratings across the network >= 4.0 Actions: Exclusive Dine In offers - 4 course meal at ₹99/- - Unlimited Pizza Friday - Buy 1 Get 1 Actions: 3 restaurants added in CY26 Actions: - Double digit SSTG (incl. positive SSTG in Dine In & Take Away). This is driven by strong value offers backed by additional marketing investments
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31 Pizza Hut Brand Priorities | New Products
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32 Pizza Hut Brand Priorities | Value Promotions
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33 Pizza Hut Brand Priorities | Digitization Total App Downloads – 29 Mn+ Monthly Active Users – 0.8 Mn+
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34 Pizza Hut India Q2 FY27
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35 Pizza Hut India Q2 FY27
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36 Pizza Hut India Q2 FY27 # Restaurant EBITDA is before Ind-AS 116 adjustments
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37 Pizza Hut India Q2 FY27 # Restaurant EBITDA is before Ind-AS 116 adjustments
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38 Sri Lanka Business Performance
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39 Sri Lanka New Product Launches
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40 Sri Lanka Branding and Promotions
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41 Sri Lanka New Restaurants Hill Street Dehiwala
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42 Sri Lanka Business Q2 FY27
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43 Sri Lanka Business Q2 FY27 Note: LKR to INR conversion rate of 0.287 in Q2 FY27 and 0.286 in Q2 FY26
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44 Sri Lanka Business Q2 FY27 Note: LKR to INR conversion rate of 0.287 in Q2 FY27 and 0.286 in Q2 FY26
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45 Sri Lanka Business Q2 FY27 Absolute Rest. EBITDA decreased by 11 % in LKR terms (decreased by 12% in INR terms) # Restaurant EBITDA is before Ind-AS 116 adjustments
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46 Sri Lanka Business Q2 FY27 #Average daily sales is for all restaurants including new additions during the period
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47 Thank You Sapphire Foods India Limited CIN: L55204HR2009PLC145722 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