SAPPHIRENSE23 July 2025

Sapphire Foods India Limited has informed the Exchange about Investor Presentation

Sapphire Foods India Limited

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Date

July 2025

National Stock Exchange of India Limited To,

BSE Limited

Exchange Plaza, Block G, C/1, Bandra Kurla Complex, Bandra (E), Mumbai – 400051

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

Symbol: SAPPHIRE

Scrip Code: 543397

Dear Sir/Madam, Subject: Press (Investor) Release and Earnings Presentation

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Press (Investor) Release and Earnings Presentation for the quarter ended 30

June 2025.

The said documents are also being made available on https://www.sapphirefoods.in/investors-relation/financials.

the Company's website

Request you to kindly take the same on record.

Thanking you, For Sapphire Foods India Limited

Sachin Dudam Company Secretary and Compliance Officer

Encl.:

As above

Sapphire Foods India Limited CIN: L55204MH2009PLC197005

+91 022 67522300 info@sapphirefoods.in www.sapphirefoods.in 702, Prism Tower, A-Wing, Mindspace, Link

Road, Goregaon (W), Mumbai- 400062

Investor Release

Sapphire Foods delivers revenue growth of 8% | KFC India & Sri Lanka revenue grew double digit | Sapphire Pizza Hut strategy showing differential result in Sapphire exclusive territory

➢ Sapphire Foods delivered revenue of ₹ 7,748 Mn with 8% growth YoY.

➢ In Q1FY26 we added 8 KFC restaurants, 2 Pizza Hut and 1 Pizza Hut in Sri Lanka. Sapphire Foods total restaurant count is 974 as on 30th June 2025.

➢ Consol Rest. EBITDA declined by 13% YoY, and margin was at 12.2%

( 290 bps)

➢ Adj. EBITDA was ₹ 548 Mn, declined 22% YoY and Adj. EBITDA Margin of 7.1%. Consol EBITDA (₹ 1,134 Mn, 14.6%) declined 9% YoY ( 270 bps)

➢ Consol PAT (₹ -17 Mn, -0.2%) | Consol Adj. PAT (₹ 58 Mn, 0.7%)

Note: Adj. EBITDA & Restaurant EBITDA is before Ind-AS 116 adjustments

➢ Sapphire KFC SSSG for the quarter was flat, however after several quarters SSTG has turned low single digit positive which is encouraging. This positive movement in transactions is on account of investment behind our EPIC core variety X value campaign and offers. While Rest. Revenue grew double digit 11%, Rest. EBITDA margin came at 15.7% ( 310 bps YoY) due to operating deleverage, lower gross margin and higher delivery mix.

➢ Sapphire Pizza Hut Rest. Revenue decreased by 5% YoY (SSSG -8% YoY). Rest. EBITDA was negative at (2.5%)  710 bps YoY, however excluding additional marketing investments Rest. EBITDA will be at break even level. We launched the “Juicylicious” pizza range in Apr’25 which has received positive feedback from the consumers who have tried it. In Tamil Nadu Sapphire & Yum supported this “Juicylicious” range through mass media advertising which resulted in positive SSSG & SSTG (double digit delta versus rest of market). In common markets marketing investment remained in the BTL form.

➢ Sri Lanka continued to show strong double digit SSSG (12% LKR) & SSTG growth. Margin leverage however was offset by significant revision in minimum wages which impacted employee cost. Restaurant Sales grew by 15% LKR (19% in ₹ terms) and Rest. EBITDA was 12.7% ( 50 bps YoY).

About Sapphire Foods:

Sapphire Foods started operations in September 2015, by the acquisition of about 270 KFC and Pizza Hut Stores in India and Sri Lanka, by a group of leading Private Equity firms and is managed by a team of professionals.

Sapphire Foods is a leading YUM franchisee operator in the Indian subcontinent with presence in India and Sri Lanka. We are the largest international QSR chain in Sri Lanka in terms of revenue and number of restaurants operated as of March 31, 2021. (Source: Technopak Report). As of Jun 30, 2025, we own and operate 510 KFC and 336 Pizza Hut restaurants in India, 118 Pizza Hut and 10 Taco Bell restaurants in Sri Lanka.

We aspire to be India’s best restaurant operator by serving customers great food with great experience at great value. We operate our restaurants in high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new trade areas in existing and new cities as part of our brand and food category expansion.

Contact Details

Company

Investor Relations: Vogabe Advisors

Name: Mr. Kaushik Vankadkar

Name: Ms. Himani Singla, Vogabe Advisors

Email: kaushik.Vankadkar@sapphirefoods.in

Email: sapphirefoods@vogabe.com

CIN: L55204MH2009PLC197005

Tel : + 91 9569926021

www.sapphirefoods.in

Safe Harbor Statement

www.vogabe.com

Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward- looking statements to reflect events or circumstances after the date thereof.

Q1FY26 Business Performance

July’2025

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.

Table Of Contents

The Sapphire Story

Financial Overview

Brand Performance

KFC India

Pizza Hut India

Sri Lanka Business

Sustainability Award

Page 04

Page 05 -16

Page 18

Page 28

Page 39

Page 47

The Sapphire Story

Two global brands (KFC & Pizza Hut) with Scale & profitability among Top 3 QSR operators

Execution Mindset Great Customer experience along with Superior Back- end operational excellence

Optimal capital allocation drives new restaurant expansion model - focus on smaller sized omni- channel restaurants

Capability and capital to rapidly drive organic & inorganic growth plans

VALUE BASED WORK CULTURE, HIGH ON GOVERNANCE ENABLED BY PROFESSIONAL MANAGEMENT, BOARD & PROMOTERS

Financial Overview

Key Highlights Q1 FY26

➢ Sapphire Foods delivered revenue of ₹ 7,748 Mn with 8% growth YoY.

➢ In Q1FY26 we added 8 KFC restaurants, 2 Pizza Hut and 1 Pizza Hut in Sri Lanka. Sapphire Foods total restaurant count is 974 as on 30th June

2025.

➢ Consol Rest. EBITDA declined by 13% YoY, and margin was at 12.2% ( 290 bps)

➢ Adj. EBITDA was ₹ 548 Mn, declined 22% YoY and Adj. EBITDA Margin of 7.1%. Consol EBITDA (₹ 1,134 Mn, 14.6%) declined 9% YoY ( 270 bps)

➢ Consol PAT (₹ -17 Mn, -0.2%) | Consol Adj. PAT (₹ 58 Mn, 0.7%)

Summary Consolidated Financials Q1 FY26

Particulars

Q1 FY26

Q1 FY25

Change YoY

FY25

Restaurant Sales ₹ mn

7,748

Adj. EBITDA ₹ mn

EBITDA ₹ mn

Adj. PBT ₹ mn*

PBT ₹ mn *

7,165

707

9.9%

1,242

▲8%

28,754

▼22%

2,616

▼280 bps

9.1%

▼9%

4,925

548

7.1%

1,134

14.6%

17.3%

▼270 bps

17.1%

1.1%

-18

239

3.3%

118

▼65%

699

▼220 bps

2.4%

▼116%

384

-0.2%

1.7%

▼190 bps

1.3%

Restaurant Additions

#Adj. EBITDA and Adj. PAT is before Ind-AS 116 adjustments *Adj. PBT & PBT of FY25 are before the exceptional items of ₹153 Mn

Journey Of Sapphire Foods Built A Platform Of 974 Outlets (1)

RESTAURANT COUNT

KFC India

Pizza Hut India

Sri Lanka + Maldives

442

320

124

Jun'24

886

502

334

127

Mar'25

963

510

336

128

Jun'25

974

RESTAURANT ADDITION

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

3 1

KFC India

Pizza Hut India

Sri Lanka + Maldives

-1

-5

SAPPHIRE FOODS: GEOGRAPHICAL PRESENCE (1)

KFC : 12 PH : 5

KFC : 26 PH : 34

KFC : 19 PH : 15

KFC : 10 PH : 4

KFC : 113 PH : 87

KFC: 144 PH: 57

Maldives KFC : 0 PH : 0

Sri Lanka PH : 118 TB : 10

KFC & Pizza Hut

KFC Only

Pizza Hut only

Lanka – Pizza Hut, Taco Bell

(1) As on 30th Jun 25 Sri Lanka + Maldives included 4 restaurants in the previous years. As on 31st Mar 25 & 30th Jun 25 all the 4 restaurants are closed.

Financial Highlights Q1 FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments

Financial Highlights Q1 FY26

# Adj. EBITDA is before Ind-AS 116 adjustments

Financial Highlights Q1 FY26

# Adj. PBT is before Ind-AS 116 adjustments Note: Adj. PBT & PBT of FY25 are before the exceptional items of ₹153 Mn

Financial Highlights Q1 FY26

# Adj. PAT is before Ind-AS 116 adjustments Note: Adj. PAT & PAT of FY25 are before the exceptional items of ₹153 Mn

Financial Highlights: Restaurant Sales & Adj. EBITDA trend

Note Adj. EBITDA is before Ind-AS 116 adjustments * Adj. EBITDA% after Normalizing additional incentives in FY22

Financial Highlights: Consolidated Profit & Loss Statement

Particulars (In ₹ mn)

Q1 FY26

Q1 FY25

YoY %

FY25

Restaurant Sales

Other operating income

COGS

Gross Profit

Gross Margin%

Employee Expenses

Other Expenses

EBITDA

EBITDA Margin %

Depreciation

Finance Cost

Other Income

PBT before exceptional items

PBT Margin %

Exceptional items

PBT after exceptional items

Tax Expenses

PAT

PAT Margin%

7,748.05

7,165.14

8.1%

20.23

2,533.42

5,234.86

67.6%

1,023.27

3,077.73

1,133.86

14.6%

919.52

295.25

62.47

(18.44)

-0.2%

0.00

(18.44)

-1.06

(17.38)

-0.2%

17.75

2,256.09

4,926.80

68.8%

949.22

2,735.52

6.3%

-1.7%

1,242.06

-8.7%

17.3%

903.70

272.51

52.47

118.32

-115.6%

1.7%

0.00

118.32

-115.6%

36.46

81.86

1.1%

28,753.63

65.01

9,068.44

19,750.20

68.7%

3,863.95

10,961.18

4,925.07

17.1%

3,639.16

1,116.26

214.66

384.31

1.3%

152.95

231.36

64.32

167.04

0.6%

Brand Wise Performance

1717

KFC India Business Performance

KFC Brand Priorities

Drive Penetration and Frequency for KFC “Taste The Epic” campaign to popularize Core Variety offerings

Craveable Taste Launch of KFC Gold premium range of Zinger Burger & Chicken strips

Value

Advertising behind 9 for 299/-

Frictionless Customer Experience

Digital Kiosks rolled across 50% estate

Strengthen Own Delivery through KFC App

Improve Accessibility Continue current pace of expansion (60-80 stores per year)

Operational Excellence

> 4.0 ratings across Swiggy, Zomato & Google

KFC Brand Priorities | Craveable Taste & Value

KFC Brand Priorities | Fried Chicken Category Relevance

KFC Brand Priorities | Digitization

Total App downloads 54.3 Mn+

Monthly Active Users 2.4 Mn

Digital KIOSKs implemented at 259 Restaurants

KFC Brand Priorities | New Restaurants

CHAND CINEMA, DELHI

MADRAS FOOD WALK, CHENNAI

MAROL METRO STATION, MUMBAI

KORATTUR, CHENNAI

KFC India Q1FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments

KFC India Q1FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments * Rest..EBITDA% after Normalizing additional incentives in FY22

Pizza Hut India | Business Performance

Pizza Hut Brand Priorities

ACTION UPDATE ON DINE – IN LED OMNI CHANNEL CUSTOMER PROMISE

Taste Superiority through Pizza & sides innovation

Differentiated Dine-In Experience (like Casual Dine-In Restaurants)

Hot n Fresh Delivery Experience

Competitive Value for money

Cautious store expansion (~1000/1200 sqft. stores)

Mass media advertising to drive consumer awareness & consideration

▪ We launched the “Juicylicious” pizza range in Apr’25 which has received positive feedback

from the consumers who have tried it.

▪

In Tamil Nadu Sapphire & Yum supported this “Juicylicious” range through mass media advertising which resulted in positive SSSG & SSTG (double digit delta versus rest of market).

▪

In common markets marketing investment remained in the BTL form.

▪ We continue to pursue the above strategy to revive the brand which is a replica of the

successful Sri Lanka Pizza Hut strategy over several years.

Pizza Hut Brand Priorities | Value

Pizza Hut Brand Priorities | Tamil Nadu TV Ad

https://youtu.be/Bdj5fD_OFSE?feature=shared

Pizza Hut Brand Priorities | New products

Pizza Hut Brand Priorities | Digitization

Total App Downloads – 17.7 Mn+ Monthly Active Users – 1.1 Mn+

Pizza Hut India Q1FY26

Restaurant EBITDA excluding marketing investment is flat in Q1 FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments

Pizza Hut India Q1FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments * Rest..EBITDA% after Normalizing additional incentives in FY22

Sri Lanka Business Performance

Sri Lanka New Product Development

Sri Lanka New Restaurants

Megalle

Sri Lanka Business Q1FY26

Average daily sales is for all restaurants including new additions during the period Note: LKR to INR conversion rate of 0.285 for Q1 FY26 and 0.271 for Q1 FY25

Sri Lanka Business Q1FY26

Average daily sales is for all restaurants including new additions during the period Note: LKR to INR conversion rate of 0.285 for Q1 FY26 and 0.271 for Q1 FY25

Sri Lanka Business Q1FY26

Absolute Rest. EBITDA increased by 12 % in LKR terms(increased by 16% in INR terms)

# Restaurant EBITDA is before Ind-AS 116 adjustments

Sri Lanka Business Q1FY26

* Restaurant EBITDA% after Normalizing additional incentives in FY22 #Average daily sales is for all restaurants including new additions during the period

Sustainability Award

Sapphire KFC Raya, Punjab Outlet was awarded IGBC Platinum rating

▪ First QSR Restaurant in India to

receive Platinum rating

▪ First Yum! KFC Restaurant Globally

to receive Platinum rating

Thank You

Sapphire Foods India Limited CIN: L55204MH2009PLC197005 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

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