Sapphire Foods' Q2 loss narrows to ₹1.51 crore as revenue rises 19.6% to ₹888 crore

Sapphire Foods reported a September-quarter net loss of ₹1.51 crore against ₹12.78 crore a year earlier, on revenue of ₹888 crore.

Price, Thursday's close₹195.85▲ 1.49%

Last 5 days

52-week low ₹139.9152-week high ₹310.50

Sector: Restaurants

What happened

Net loss was ₹1.51 crore against ₹12.78 crore, and revenue rose 19.6% to ₹888 crore, according to Free Press Journal. Total income was ₹894.97 crore, up 19%.
Sahi reported operating EBITDA of ₹130 crore against ₹102 crore, a margin of 14.3%, up 55 basis points.
KFC revenue grew 26% with same-store sales up 14%, and Pizza Hut revenue grew 7% with same-store sales up 5%, which the company called its highest in seven quarters, per Free Press Journal. The company ended the quarter with 1,086 restaurants after adding 16.
Free Press Journal published at 6:50 PM on Thursday. The shares closed at ₹195.85 on Thursday, per Zerodha Kite.

Why it matters

The company said this was its best quarter of revenue growth, at 20%, and adjusted EBITDA growth, at 39%, since the Covid period, per Free Press Journal. The company still reported a net loss.

Good to know: Same-store sales growth compares sales at restaurants open in both periods, so it leaves out the effect of new openings.

Key facts

Net loss: ₹1.51 crore (₹12.78 crore), per Free Press Journal
Revenue: ₹888 crore, up 19.6%
Operating EBITDA: ₹130 crore (₹102 crore), per Sahi
KFC same-store sales: Up 14%
Restaurants: 1,086, with 16 added in the quarter

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