Sapphire Foods India Ltd - 543397 - Announcement under Regulation 30 (LODR)-Investor Presentation
Sapphire Foods India Limited has informed the Exchange about Investor (Earnings) Presentation for Q2 & 6M FY2303-11-2022
03-11-2022
Q2FY23 Quarterly Result Announced for Sapphire Foods India Ltd.
Restaurant company Sapphire Foods India announced Q2FY23 results: In Q2FY23, we delivered a robust performance with revenue of Rs. 5604 million (highest ever), EBITDA of Rs. 1032 million at 18.4% (up 350 bps YoY) and Adj. EBITDA of Rs. 624 million at 11.1% (up 490 bps). PAT stood at Rs. 269 million, 4.8% of revenue (up 600 bps YoY). India restaurant EBITDA grew by 40 bps YoY, however, due to the adverse Sri Lanka impact, consolidated restaurant EBITDA of 16.8% dropped by 50 bps (vs normalised EBITDA of Q2FY22). Q2 was potentially a challenging quarter with KFC revenue being impacted on account of the higher vegetarian festival days and inflation peaking during the period. At the start of the financial year, we consciously decided to take a lower price increase vs inflation and that has worked well from a demand perspective. In Q2 while gross margins got impacted, SSSGs were strong and YoY ADS levels were sustained in spite of 176 restaurant additions in the last 1 year. KFC delivered an SSSG of 15% and a 36% increase in overall revenue. Due to the lower price increase against mid-teens inflation, gross margins were impacted by 310 bps. However, leverage on account of SSSG and tighter cost management enabled us to restrict the drop in restaurant EBITDA to 80 bps (17.9% in Q2 FY23 vs normalised restaurant EBITDA of 18.7% in Q2FY22). Pizza Hut had a strong quarter with SSSG of 23% and ADS growth over both corresponding & sequential quarter. While gross margins dropped by 110 bps we still delivered the highest ever restaurant EBITDA of 15.1% up by 440 bps (vs normalised restaurant EBITDA of 10.7% in Q2 FY22). Sri Lanka had an SSSG of 37% (LKR) driven largely by price increases. Inflation continued to rise thus impacting gross margins significantly. Restaurant EBITDA margins as a result dropped by 550 bps to 15.0% (vs normalised restaurant EBITDA of 20.5% in Q2 FY22). However, the absolute value EBITDA grew by 23% (in LKR) and in INR terms declined by 25% due to currency translation impact. We continued our pace of new restaurant expansion with a total addition of 42 restaurants in Q2 FY23 (20 KFC, 14 Pizza Hut in India, and 7 Pizza Hut & 1 Taco Bell in Sri Lanka). Result PDF03-11-2022
Sapphire Foods India Ltd - 543397 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Sapphire Foods India Limited has informed the Exchange about press release dated 03-Nov-2022 titled Despite inflationary pressure, Sapphire Foods delivers highest ever Revenue in Q2 FY23 with 36% revenue growth and 68% EBITDA growth yoy03-11-2022
Sapphire Foods India Ltd - 543397 - Board Meeting Outcome for Sapphire Foods India Limited Has Informed The Exchange About Board Meeting Held On 03-Nov-2022 To Consider Financial Statements For The Period Ended September 2022
Sapphire Foods India Limited has informed the Exchange about Board Meeting held on 03-Nov-2022 to consider financial statements for the period ended September 202203-11-2022
Sapphire Foods India Ltd - 543397 - Sapphire Foods India Limited Has Informed The Exchange About Appointment Of Ms. Deepa Wadhwa, Independent Director Of The Company, As Member Of The Audit Committee
Sapphire Foods India Limited has informed the Exchange about Appointment of Ms. Deepa Wadhwa, Independent Director of the Company, as Member of the Audit Committee31-10-2022
Sapphire Foods India Ltd - 543397 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Sapphire Foods India Limited has informed the Exchange about Schedule of Analysts/Institutional Investor Meet/Con. Call (Revised)31-10-2022
Sapphire Foods India Ltd - 543397 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Sapphire Foods India Limited has informed the Exchange about Schedule of Analysts/Institutional Investor Meet/Con. Call for Q2 FY2327-10-2022
Sapphire Foods India Ltd - 543397 - Board Meeting Intimation for Sapphire Foods India Limited Has Informed The Exchange About Board Meeting To Be Held On 03-Nov-2022 To Consider Financial Statements For The Period Ended September 2022
Sapphire Foods India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2022 ,inter alia, to consider and approve Sapphire Foods India Limited has informed the Exchange about Board Meeting to be held on 03-Nov-2022 to consider financial statements for the period ended September 202217-10-2022
Sapphire Foods India Ltd - 543397 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Sapphire Foods India Limited has informed the Exchange about Sapphire Foods India Limited has informed the Exchange about Grant of Stock Options to Eligible Employees of the Subsidiary Companies08-10-2022
Sapphire Foods India Ltd - 543397 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Sapphire Foods India Limited has informed the Exchange about Schedule of Analysts/Institutional Investor Meet/Con. Call28-09-2022