Sapphire Foods India Ltd. · NSE:SAPPHIRE
Sapphire Foods India — Q2 FY26 Earnings Presentation
51 slides from Sapphire Foods India's earnings presentation, Oct 17, 2025
Slide 1: Exchange filing cover letter
Date: 17th October 2025 To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex, Bandra (E), Mumbai – 400051 Dalal Street, Mumbai – 400001 Symbol: SAPPHIRE Scrip Code: 543397 Dear Sir/Madam, Subject: Press (Investor) Rele
Slide 2: Investor Release: Q2 FY26 performance
Investor Release Sapphire Foods delivers a reasonable performance in Q2 FY26: ✓KFC revenue grew 7% (at 10% Ex Navratri impact) ✓While Pizza Hut India revenue declined by 6%, PH Tamil Nadu (SFIL Exclusive territory grew double digit) ✓Sri Lanka grew handsomely by 18% in LKR ➢ Q2 FY26 has been a reaso
Slide 3: Investor Release: brand performance and company background
➢ Consol PAT (₹ -128 Mn, -1.7%) | Consol Adj. PAT (₹ -36 Mn, -0.5%) ➢ Sapphire KFC SSSG for the quarter was flat (with positive SSTG) prior to start of Navratri (till 21st Sep) and came in at -3% for the quarter. Rest. EBITDA margin came at 13.8% ( 270 bps YoY) due to operating deleverage, lower gr
Slide 4: Q2FY26 Business Performance
Q2FY26 Business Performance Oct’2025 1
Slide 5: Safe Harbor
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
Slide 6: Table Of Contents
Table Of Contents 1 The Sapphire Story Page 04 2 Financial Overview Page 05-17 3 Brand Performance KFC India Page 19 Pizza Hut India Page 29 Sri Lanka Business Page 39 3
Slide 7: The Sapphire Story
The Sapphire Story Two global brands ( KFC & Execution Mindset Optimal capital allocation Capability and capital to Pizza Hut) with Scale & PAT Great Customer experience drives new restaurant rapidly drive organic & profitability among Top 3 along with Superior Back- expansion model - focus on inorg
Slide 8: Financial Overview
akle Financial Overview (ed Sona Kenthek Fried Chicken
Slide 9: Key Highlights Q2 FY26
Key Highlights Q2 FY26 ➢ Q2 FY26 has been a reasonable quarter for Sapphire Foods. KFC revenue grew by 7% (at 10% excluding Navratri impact) and while Pizza Hut India revenue declined by 6%, PH Tamil Nadu, Sapphire exclusive territory grew double digit revenue proving the Sapphire PH strategy. Sri L
Slide 10: Summary Consolidated Financials Q2 FY26
Summary Consolidated Financials Q2 FY26 Particulars Q2 FY26 Q2 FY25 Change YoY 6M FY26 6M FY25 Change YoY FY25 Restaurant Sales mn 7,401 6,940 ▲7% 15,149 14,105 ▲7% 28,754 Adj. EBITDA ₹ mn 450 590 ▼24% 998 1,298 ▼23% 2,616 % 6.1% 8.5% ▼240 bps 6.6% 9.2% ▼260 bps 9.1% EBITDA mn 1,062 1,152 ▼8% 2,196
Slide 11: Journey Of Sapphire Foods Built A Platform Of 997 Outlets
Journey Of Sapphire Foods Built A Platform Of 997 Outlets (1) RESTAURANT COUNT KFC India Pizza Hut India Sri Lanka + Maldives SAPPHIRE FOODS: 529 GEOGRAPHICAL 461 502 PRESENCE (1) 68 17 323 334 338 71 KFC : 13 125 127 130 PH : 5 30 Sep'24 Mar'25 Sep'25 909 963 997 KFC : 26 KFC : 19 PH : 35 PH : 16 R
Slide 12: Financial Highlights Q2 FY26
Financial Highlights Q2 FY26 9% Excl Navratri 7% Excl Navratri 9
Slide 13: Financial Highlights Q2 FY26
Financial Highlights Q2 FY26 10
Slide 14: Financial Highlights Q2 FY26
Financial Highlights Q2 FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments 11
Slide 15: Financial Highlights Q2 FY26
Financial Highlights Q2 FY26 12 # Adj. EBITDA is before Ind-AS 116 adjustments
Slide 16: Financial Highlights Q2 FY26
Financial Highlights Q2 FY26 #Adj. EBITDA and Adj. PAT is before Ind-AS 116 adjustments *Adj. PBT & PBT of Q2 FY25, 6MFY25 and FY25 are before the exceptional items of ₹114 Mn, ₹114Mn and ₹153 Mn respectively 13
Slide 17: Financial Highlights Q2 FY26
Financial Highlights Q2 FY26 # Adj. PAT is before Ind-AS 116 adjustments *Adj. PAT & PAT of Q2 FY25, 6MFY25 and FY25 are before the exceptional items of ₹114 Mn, ₹114Mn and ₹153 Mn respectively 14
Slide 18: Restaurant Sales & Adj. EBITDA trend
Financial Highlights: Restaurant Sales & Adj. EBITDA trend Note Adj. EBITDA is before Ind-AS 116 adjustments * Adj. EBITDA% after Normalizing additional incentives in FY22 15
Slide 19: Consolidated Profit & Loss Statement
Financial Highlights: Consolidated Profit & Loss Statement Particulars (In ₹ mn) Q2 FY26 Q2 FY25 YoY % 6M FY26 6M FY25 YoY% FY25 Restaurant Sales 7,400.97 6,940.11 6.6% 15,149.02 14,105.25 7.4% 28,753.63 Other operating income 23.40 16.86 43.63 34.61 65.01 COGS 2,393.71 2,170.58 4,927.13 4,426.67 9,
Slide 20: Consolidated Balance Sheet
Financial Highlights: Consolidated Balance Sheet Particulars (In ₹ mn) As on 30.9.25 As on 31.3.25 Total Assets 32,065.44 30,409.88 Fixed assets other than goodwill 11,990.97 11,431.85 Goodwill 1,582.84 1,582.84 Right of use assets 11,703.70 10,935.30 Inventories 1,061.35 956.14 Trade receivables 31
Slide 21: Brand Wise Performance
ele Brand Wise Performance Clip oan Kentuck' Fried Chicken 18
Slide 22: KFC India Business Performance
KFC India Business Performance 19
Slide 23: KFC Brand Priorities
KFC Brand Priorities Drive Penetration and Craveable Taste Value Frictionless Frequency for KFC Launch of KFC Gold Customer Experience Advertising behind 9 for “Taste The Epic” campaign to premium range of Zinger 299/- Digital Kiosks rolled across popularize Core Variety Burger & Chicken strips 50%
Slide 24: KFC Brand Priorities | Fried Chicken Category Relevance
KFC Brand Priorities | Fried Chicken Category Relevance 21
Slide 25: KFC Brand Priorities | Craveable Taste & Value
KFC Brand Priorities | Craveable Taste & Value 22
Slide 26: KFC Brand Priorities | Digitization
KFC Brand Priorities | Digitization Total App Monthly Active Digital KIOSKs downloads Users implemented at > 50% of restaurants 60.2 Mn+ 2.1 Mn 23
Slide 27: KFC Brand Priorities | New Restaurants
KFC Brand Priorities | New Restaurants ERODE TEXVALLEY, TAMIL NADU DOWNTOWN, MOHALI WSA 63 DELHI MUMBAI EXPRESSWAY GOLDUST, PATIALA 24
Slide 28: KFC India Q2FY26
KFC India Q2FY26 = Delivery 42% 21% 37% Q2 FY25 = Takeaway = Dine IN 45% 20% 35% Q2 FY26 CHANNELWISE SALES MIX = Delivery 42% 21% 37% FY25 = Takeaway MN% 21% 38% 6M FY25 = Dine IN AA% 21% 35% 6M FY26
Slide 29: KFC India Q2FY26
KFC India Q2FY26 0% Excl Navratri 10% Excl Navratri 26
Slide 30: KFC India Q2FY26
KFC India Q2FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments 27
Slide 31: KFC India Q2FY26
KFC India Q2FY26 * # Restaurant EBITDA is before Ind-AS 116 adjustments * Rest..EBITDA% after Normalizing additional incentives in FY22 28
Slide 32: Pizza Hut India | Business Performance
Pizza Hut India | Business Performance 29
Slide 33: Pizza Hut Brand Priorities
Pizza Hut Brand Priorities TAMIL NADU RESULTS PROVE THAT THE SAPPHIRE DINE-IN FORWARD OMNI-CHANNEL CUSTOMER PROMISE WITH SUSTAINED INVESTMENT IN INNOVATION AND MASS-MEDIA CAN REVIVE THE PIZZA HUT BRAND Taste Superiority through Differentiated Dine-In Hot n Fresh Delivery Competitive Value for Pizza
Slide 34: Pizza Hut Brand Priorities | New Products
Pizza Hut Brand Priorities | New Products 31
Slide 35: Pizza Hut Brand Priorities | Value
Pizza Hut Brand Priorities | Value 32
Slide 36: Pizza Hut Brand Priorities | Alternate Channels – Food Truck
Pizza Hut Brand Priorities | Alternate Channels – Food Truck 33
Slide 37: Pizza Hut Brand Priorities | Digitization
Pizza Hut Brand Priorities | Digitization Total App Downloads – 19 Mn+ Monthly Active Users – 1.1 Mn+ 34
Slide 38: Pizza Hut India Q2FY26
Pizza Hut India Q2FY26 = Delivery 52% 33% Q2 FY25 = Takeaway CHANNELWISE SALES MIX = Dine IN 50% 34% Q2 FY26 = Delivery 51% 33% FY25, = Takeaway 51% 34% 6M FY25, = Dine IN 50% 34% 6M FY26,
Slide 39: Pizza Hut India Q2FY26
Pizza Hut India Q2FY26 AVERAGE DAILY SALES (€ '000) sssc% 3% | 8% | 1%) | 5% 8% i ' AT 46 i 42 1 48 i 43 i / / / Q2 FY25 Q2 FY26 FY25 ! 6M FY25 6M FY26 RESTAURANT SALES (MN) Rest. Additions. 3 2 i 15 ; 4 4 i ss 5450 | 7 ¥6% i 2772 26167°” 1,376 1,296 i / / / Q2 FY25 Q2 FY26 FY25 H 6M FY25 6M FY26 i
Slide 40: Pizza Hut India Q2FY26
Pizza Hut India Q2FY26 Restaurant EBITDA excluding marketing investment is flat in Q2 & H1 FY26 # Restaurant EBITDA is before Ind-AS 116 adjustments 37
Slide 41: Pizza Hut India Q2FY26
Pizza Hut India Q2FY26 * # Restaurant EBITDA is before Ind-AS 116 adjustments * Rest..EBITDA% after Normalizing additional incentives in FY22 38
Slide 42: Sri Lanka Business Performance
Sri Lanka Business Performance 39
Slide 43: Sri Lanka New Product Development
Sri Lanka New Product Development 40
Slide 44: Sri Lanka Branding and Promotions
Sri Lanka Branding and Promotions 41
Slide 45: Sri Lanka New Restaurants
Sri Lanka New Restaurants Hatton One Galle Face 42
Slide 46: Sri Lanka Business Q2FY26
Sri Lanka Business Q2FY26 CHANNELWISE SALES MIX = Delivery = Takeaway = Dine IN = Delivery 38% 38% 38% 35% 36% 36% 27% 26% 26% Q2 FY25 Q2 FY26 FY25 = Takeaway 38% 35% 27% 6M FY25 = Dine IN 38% 36% 26% 6M FY26 43
Slide 47: Sri Lanka Business Q2FY26
Sri Lanka Business Q2FY26 Note: LKR to INR conversion rate of 0.286 for Q2 FY26 & H1FY26 and 0.276 6MFY25 44
Slide 48: Sri Lanka Business Q2FY26
Sri Lanka Business Q2FY26 Note: LKR to INR conversion rate of 0.286 for Q2 FY26 & H1FY26 and 0.276 6MFY25 45
Slide 49: Sri Lanka Business Q2FY26
Sri Lanka Business Q2FY26 Absolute Rest. EBITDA increased by 18 % in LKR terms (increased by 22% in INR terms) # Restaurant EBITDA is before Ind-AS 116 adjustments 46
Slide 50: Sri Lanka Business Q2FY26
Sri Lanka Business Q2FY26 * * Restaurant EBITDA% after Normalizing additional incentives in FY22 #Average daily sales is for all restaurants including new additions during the period 47
Slide 51: Thank You
Thank You Sapphire Foods India Limited Investor Relations Partner: CIN: L55204MH2009PLC197005 Vogabe Advisors Private Limited 702, Prism Tower, A-Wing, Mindspace, Link Road, Goregaon (West), Mumbai - 400062. India Ms. Himani Singla kaushik.vankadkar@sapphirefoods.in sapphirefoods@vogabe.com www.sapp