SAPPHIRENSE17 October 2025

Sapphire Foods India Limited has informed the Exchange about Investor Presentation

Sapphire Foods India Limited

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Date

October 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 September 2025. for the quarter and half year ended 30

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 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 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 Lanka grew handsomely by 18% in LKR, owing to the continued investment in brand innovation, marketing and value to retain our No.1 QSR brand status in the country.

➢ Sapphire Foods delivered revenue of ₹ 7,401 Mn with 7% growth YoY. The SSSG trends for both KFC & Pizza Hut this quarter remained similar as previous quarter except for the negative impact on KFC due to the shift of Navratri days from Q3FY25 to Q2FY26.

➢ In Q2FY26 we added 19 KFC restaurants, 2 Pizza Hut in India and 1 Pizza Hut and 1 Taco Bell in Sri Lanka. Sapphire Foods total restaurant count was 997 as on 30th Sep 2025.

➢ With pride we

inaugurated

the 1000th Sapphire restaurant on 16th Oct 25 at

Gummidipoondi, Tamil Nadu. This is a KFC restaurant.

➢ Consol Rest. EBITDA declined by 12% YoY, and margin was at 11.3% ( 240 bps)

➢ Adj. EBITDA was ₹ 450 Mn, declined 24% YoY (this also has Navratri impact) and Adj. EBITDA Margin of 6.1%. Consol EBITDA (₹ 1,062 Mn, 14.3%) declined 8% YoY ( 230 bps)

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

➢ 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 gross margin and higher delivery mix. During the quarter we continued to activate our EPIC Savers value campaign. Building on the transaction gains seen by this campaign, we have extended the EPIC saver to Q3 and additionally included 3 hero innovations of Chizza, Double Down & Gold Burger under the “KFC Feastival” campaign.

➢ Sapphire Pizza Hut SSSG declined by 8%. Rest. EBITDA was negative at 1.8% ( 590 bps YoY). Excluding additional marketing investments Rest. EBITDA is at break even level. In Tamil Nadu Sapphire & Yum continued to invest in mass media advertising and saw a mid-teens delta in performance (both SSSG & SSTG%) compared to the rest of the country. This performance shows even greater uplift than Q1, proving that revival of consumer interest in the brand is possible through sustained investment in innovation, higher advertising to create awareness and a Dine-In forward Omni-Channel restaurant strategy.

➢ Our Sri Lanka business which operates with the above strategy (Dine-In forward omni-channel, product innovation, & sustained advertising) continued to show strong double digit SSSG (14% LKR) & SSTG growth. Rest. EBITDA came at 15.4% ( 10 bps YoY) with healthy growth of 18% YoY LKR terms.

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 Sep 30, 2025, we own and operate 529 KFC and 338 Pizza Hut restaurants in India, 119 Pizza Hut and 11 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.

Q2FY26 Business Performance

Oct’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

Page 04

Page 05-17

Page 19

Page 29

Page 39

The Sapphire Story

Two global brands ( KFC & Pizza Hut) with Scale & PAT 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 Q2 FY26

➢ Sapphire Foods delivered revenue of ₹ 7,401 Mn with 7% growth YoY. The SSSG trends for both KFC & Pizza Hut this quarter remained similar as previous quarter

except for the negative impact on KFC due to the shift of Navratri days from Q3FY25 to Q2FY26.

➢ In Q2FY26 we added 19 KFC restaurants, 2 Pizza Hut in India and 1 Pizza Hut and 1 Taco Bell in Sri Lanka. Sapphire Foods total restaurant count was 997 as on 30th

Sep 2025.

➢ With pride we inaugurated the 1000th Sapphire restaurant on 16th Oct 25 at Gummidipoondi, Tamil Nadu. This is a KFC restaurant.

➢ Consol Rest. EBITDA declined by 12% YoY, and margin was at 11.3% ( 240 bps)

➢ Consol Adj. EBITDA was ₹ 450 Mn, declined 24% YoY (this also has Navratri impact) and Consol Adj. EBITDA Margin of 6.1%. Consol EBITDA (₹ 1,062 Mn, 14.3%)

declined 8% YoY ( 230 bps)

➢ Consol PAT (₹ -128 Mn, -1.7%) | Consol Adj. PAT (₹ -36 Mn, -0.5%)

➢ Our Sri Lanka business which operates with the above strategy (Dine-In forward omni-channel, product innovation, & sustained advertising) continued to show strong

double digit SSSG (14% LKR) & SSTG growth. Rest. EBITDA came at 15.4% ( 10 bps YoY) with healthy growth of 18% YoY LKR terms.

6 6

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

EBITDA mn

Adj. PBT mn *

PBT * mn *

450

6.1%

1,062

590

▼24%

998

1,298

▼23%

2,616

8.5%

▼240 bps

6.6%

9.2%

▼260 bps

9.1%

1,152

▼8%

2,196

2,394

▼8%

4,925

14.3%

16.6%

▼230 bps

14.5%

17.0%

▼250 bps

17.1%

-43

-0.6%

-166

-2.2%

143

▼130%

2.1%

▼270 bps

▼413%

0.3%

-184

382

▼90%

699

2.7%

▼240 bps

2.4%

171

▼208%

384

0.8%

▼300 bps

-1.2%

1.2%

▼240 bps

1.3%

Restaurant Additions (net)

#Adj. EBITDA and Adj. PBT 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

Journey Of Sapphire Foods Built A Platform Of 997 Outlets (1)

RESTAURANT COUNT

KFC India

Pizza Hut India

Sri Lanka + Maldives

461

323

125

Sep'24

909

502

334

127

Mar'25

963

529

338

130

Sep'25

997

RESTAURANT ADDITION

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

KFC India

Pizza Hut India

Sri Lanka + Maldives

-1

-5 0

SAPPHIRE FOODS: GEOGRAPHICAL PRESENCE (1)

KFC : 13 PH : 5

KFC : 26 PH : 35

KFC : 19 PH : 16

KFC : 10 PH : 4

KFC : 116 PH : 88

KFC: 152 PH: 57

Maldives KFC : 0 PH : 0

Sri Lanka PH : 119 TB : 11

KFC & Pizza Hut

KFC Only

Pizza Hut only

Lanka – Pizza Hut, Taco Bell

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

Financial Highlights Q2 FY26

9% Excl Navratri

7% Excl Navratri

Financial Highlights Q2 FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments

Financial Highlights Q2 FY26

# Adj. EBITDA is before Ind-AS 116 adjustments

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

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

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)

Q2 FY26

Q2 FY25

YoY %

6M FY26

6M FY25

YoY%

FY25

7,400.97

6,940.11

6.6%

15,149.02

14,105.25

7.4%

28,753.63

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/(credit)

PAT

PAT Margin%

23.40

2,393.71

5,030.66

68.0%

1,057.52

2,911.50

1,061.64

14.3%

972.45

306.70

51.73

-165.78

-2.2%

-165.78

-37.91

-127.87

-1.7%

16.86

2,170.58

4,786.39

69.0%

953.97

2,680.43

1,151.99

16.6%

880.83

271.05

52.89

53.00

0.8%

114.20

-61.20

1.18

-62.38

-0.9%

43.63

4,927.13

5.1%

10,265.52

67.8%

2,080.79

5,989.23

2,195.50

14.5%

34.61

4,426.67

9,713.19

68.9%

1,903.19

5,415.95

2,394.05

17.0%

65.01

9,068.44

5.7%

19,750.20

68.7%

3,863.95

10,961.18

-8.3%

4,925.07

1,891.97

1,784.53

601.95

114.20

-184.22

543.56

105.36

171.32

-1.2%

1.2%

114.20

-184.22

-38.97

-145.25

-1.0%

57.12

37.64

19.48

0.1%

-207.5%

17.1%

3,639.16

1,116.26

214.66

384.31

1.3%

152.95

231.36

64.32

167.04

0.6%

-7.8%

-412.8%

Financial Highlights: Consolidated Balance Sheet

Particulars (In ₹ mn)

Total Assets

Fixed assets other than goodwill Goodwill Right of use assets

Inventories

Trade receivables

Cash, bank balances, Investment in MF’s & FD

Other current and non-current asset

Total Liabilities

Lease Liabilities

Borrowings

Trade Payables

Other Non-current and Current Liabilities

Total Net Worth

Total Equity

Equity Share Capital

Other Equity

Non controlling interests

As on 30.9.25 As on 31.3.25

32,065.44

30,409.88

11,990.97

11,431.85

1,582.84

11,703.70

10,935.30

1,061.35

310.54

2,658.64

2,757.41

956.14

365.62

2,648.27

2,489.86

18,160.55

16,448.12

13,698.52

12,723.05

98.76

2,755.90

1,607.37

198.61

2,425.21

1,101.25

13,904.90

13,961.76

13,904.90

13,961.76

642.77

642.38

13,281.45

13,338.27

-19.32

-18.89

Brand Wise Performance

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 | Fried Chicken Category Relevance

KFC Brand Priorities | Craveable Taste & Value

KFC Brand Priorities | Digitization

Total App downloads 60.2 Mn+

Monthly Active Users 2.1 Mn

Digital KIOSKs implemented at > 50% of restaurants

KFC Brand Priorities | New Restaurants

ERODE TEXVALLEY, TAMIL NADU

DOWNTOWN, MOHALI

WSA 63 DELHI MUMBAI EXPRESSWAY

GOLDUST, PATIALA

KFC India Q2FY26

0% Excl Navratri

10% Excl Navratri

KFC India Q2FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments

KFC India Q2FY26

# 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

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 Pizza & sides innovation

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

Hot n Fresh Delivery Experience

Competitive Value for money

Actions: - Juicylicious range in Q1/Q2 - Ultimate cheese Pizza and Cheesy Pocket launched in Oct’25

- Cold Coffee range

Actions: - Emphasis on improving Dine- In service standards including speed of service

Actions: - Google, Swiggy &

Zomato average ratings across the network >= 4.0

Actions: - Exclusive Value offerings on Dine-In (Buy1 Get3, 4 course Meal starting ₹99/-, Unlimited Pizza Fridays)

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

Mass media advertising to drive consumer awareness & consideration

Actions: - Cautious store additions

(1 Net closure from Jan’25 to Sep’25)

Actions: -

In Tamil Nadu, Sapphire & Yum continued to invest in mass media advertising and saw a mid-teens delta in performance (both SSSG & SG%) compared to the rest of the country.

Pizza Hut Brand Priorities | New Products

Pizza Hut Brand Priorities | Value

Pizza Hut Brand Priorities | Alternate Channels – Food Truck

Pizza Hut Brand Priorities | Digitization

Total App Downloads – 19 Mn+ Monthly Active Users – 1.1 Mn+

Pizza Hut India Q2FY26

Restaurant EBITDA excluding marketing investment is flat in Q2 & H1 FY26

# Restaurant EBITDA is before Ind-AS 116 adjustments

Pizza Hut India Q2FY26

# 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 Branding and Promotions

Sri Lanka New Restaurants

Hatton

One Galle Face

Sri Lanka Business Q2FY26

Note: LKR to INR conversion rate of 0.286 for Q2 FY26 & H1FY26 and 0.276 6MFY25

Sri Lanka Business Q2FY26

Note: LKR to INR conversion rate of 0.286 for Q2 FY26 & H1FY26 and 0.276 6MFY25

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

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

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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