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Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives.
Sapphire Foods' merger with Devyani International proceeds. The board approved a revised scheme, terminating a prior condition regarding a secondary share sale. This change has no impact on shareholders or the 177:100 share exchange ratio.
Sapphire Foods delivered strong Q1 FY27 results: Revenue grew 15% to ₹888.2 Cr, and Adj. EBITDA surged 37% to ₹74.9 Cr. This marks its second consecutive strong quarter, driven by positive Same-Store-Sales-Growth across all brands and 22 new restaurant additions.
Sapphire Foods has published its Environmental, Social, and Governance (ESG) Report for FY 2025-26. This signals commitment to sustainable practices and enhances transparency for investors.
Sapphire Foods received 'no objection' from NSE and BSE for its proposed Scheme of Arrangement with Devyani International. This is a key step forward for the planned business combination, which still requires further statutory and shareholder approvals.
Sapphire Foods' Q4 FY26 revenue grew 11% to ₹789.8 Cr. KFC revenue surged 15% from strong consumer recruitment, while Pizza Hut India saw a 6% decline. Consolidated Adj. EBITDA was ₹61.0 Cr, up 20%. The Devyani International merger is set to unify Pizza Hut's brand strategy.