Sapphire Foods India Limited released its Q4FY26 corporate presentation on May 4, 2026, reporting restaurant sales of ₹7,898 million for the quarter, representing an 11% year-on-year increase. The company's total restaurant count reached 1,052 outlets across India, Sri Lanka, and Maldives as of March 31, 2026, comprising 575 KFC restaurants, 466 Pizza Hut restaurants, and 11 Taco Bell restaurants.

Financial Performance Overview

For Q4FY26, the company achieved an EBITDA of ₹1,249 million with a margin of 15.8%, while adjusted EBITDA stood at ₹610 million with a 7.7% margin. Full-year FY26 restaurant sales reached ₹31,159 million, an 8% increase from the previous year, with EBITDA of ₹4,804 million and a 15.4% margin. The omni-channel mix for FY26 comprised delivery at 44%, dine-in at 33%, and take-away at 23%.

Segmental Performance

KFC India demonstrated strong operational momentum with 575 restaurants generating restaurant-related revenue of ₹21,136 million, an 11% year-on-year increase. The segment achieved a restaurant EBITDA margin of 16.3% with net restaurant additions of 73 in FY26. Average daily sales per restaurant stood at ₹110,000.

Pizza Hut India faced challenges with 341 restaurants recording revenue of ₹5,065 million, a 7% year-on-year decline. The restaurant EBITDA margin was -3.3%, with net additions of only 7 restaurants in FY26. Average daily sales per restaurant decreased to ₹41,000.

Sri Lanka operations delivered robust performance with 136 restaurants achieving revenue of ₹5,008 million, representing 18% growth in INR terms and 16% in LKR. The segment maintained a healthy restaurant EBITDA margin of 14.9% with net additions of 9 restaurants.

Operational Expansion and Strategic Initiatives

The company added 89 restaurants net in FY26, including 24 in Q4FY26. Key initiatives include zero-based cost budgeting for permanent cost reduction, the PACE SETTER program for cost benchmarking, and optimization of restaurant sizes. Delivery revenue increased significantly from 21% in FY19 to 44% in Q4FY26. The company continues its expansion strategy targeting 60-80 stores per year, with a focus on smaller omni-channel restaurants.

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Sapphire Foods India Limited has announced the resignation of Mr. Amar Patel from his position as Executive Vice President and Chief Technology Officer. The resignation was disclosed in a regulatory filing dated April 30, 2026, following additional information requirements from BSE Limited.

Resignation Details

The company provided comprehensive details about the senior management personnel change in compliance with SEBI regulations. Mr. Patel has decided to step down from his role to explore new professional opportunities outside the organization.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE Limited had initially requested additional details regarding the resignation on April 29, 2026, following the company's board meeting outcome announcement dated April 28, 2026.

Sapphire Foods provided the required annexure with detailed reasons for the resignation as mandated by relevant SEBI circulars. The company confirmed that there are no other material reasons for Mr. Patel's departure beyond his stated intention to pursue new challenges elsewhere.

Transition Period

Mr. Amar Patel will continue to serve in his current capacity during the notice period, which extends until June 1, 2026, or such other date as may be decided by the company's management. This arrangement ensures a smooth transition of responsibilities during the leadership change in the technology division.

The resignation represents a significant change in Sapphire Foods' senior management structure, particularly in the technology leadership role. The company has fulfilled all regulatory disclosure requirements regarding this senior management personnel change.