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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.[1]
Largest Franchisee Operator:[1]Sapphire Foods has non-exclusive rights to operate restaurants under three of Yum’s brands:KFC, Pizza Hut, and Taco Bell in India, Sri Lanka, and Maldives.As of Q2FY25, company owned and operated 463 KFC restaurants in India and Maldives, 437 Pizza Hut restaurants in India, Sri Lanka, and the Maldives, and 9 Taco Bell restaurants in Sri Lanka. It is Sri Lanka’s Largest International QSR chain with 121 outlets in 52 cities.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Jubilant Food. | 589.20 | 129.74 | 38878.08 | 0.20 | 194.60 | 52.58 | 2340.15 | 19.72 | 13.08 | 8854.95 | 19.25 | 299.66 | 105.06 | 17.94 | 2.77 | 2.11 |
| 2. | Travel Food | 1313.70 | 49.27 | 17298.73 | 0.00 | 97.90 | -10.62 | 355.89 | -28.88 | 41.69 | 1687.74 | 32.83 | 362.47 | 95.77 | 14.60 | 21.49 | 0.24 |
| 3. | Devyani Intl. | 136.93 | – | 16881.72 | 0.00 | -23.95 | -98719.25 | 1376.75 | 12.65 | 6.42 | 5240.71 | 15.21 | -31.07 | -19.72 | 10.87 | -0.20 | 2.15 |
| 4. | Westlife Food | 587.90 | – | 9167.49 | 0.13 | 27.71 | -4077.78 | 641.85 | 3.86 | 7.08 | 2556.34 | 12.43 | -4.56 | -14.32 | 14.71 | 0.32 | 2.67 |
| 5. | Sapphire Foods | 256.14 | – | 8231.90 | 0.00 | -17.30 | -1716.82 | 616.07 | 4.29 | 5.11 | 2519.45 | 15.30 | -17.02 | -17.30 | 6.62 | 0.69 | 1.04 |
| 6. | Restaurant Brand | 61.18 | – | 3562.51 | 0.00 | -63.33 | 2.61 | 703.43 | 11.23 | -3.01 | 2672.76 | 10.72 | -207.22 | -58.60 | 4.43 | -7.55 | 2.23 |
| 7. | Spice LoungeFood | 50.47 | 497.65 | 3518.38 | 0.00 | 3.44 | 309.52 | 46.21 | 157.01 | – | 165.78 | 8.38 | 7.07 | 3.44 | 31.69 | – | 1.03 |
| – | Median: 11 Co. | 136.93 | 89.51 | 3562.51 | 0.0 | 0.54 | -10.62 | 355.89 | 11.23 | 5.77 | 1687.74 | 15.21 | -4.56 | -12.46 | 6.62 | 0.06 | 1.31 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 514 | 572 | 638 | 565 | 617 | 660 | 492 | 548 | 605 | 487 | 550 | 591 | 616 |
Expenses | 409 | 462 | 523 | 454 | 504 | 562 | 402 | 454 | 515 | 395 | 448 | 493 | 534 |
Operating Profit | 105 | 110 | 115 | 111 | 114 | 98 | 90 | 94 | 90 | 92 | 102 | 98 | 82 |
Other Income | 7 | 6 | 6 | 7 | 5 | 6 | 8 | 10 | 9 | 7 | 8 | -8 | 9 |
Profit before tax | 32 | 13 | 4 | 33 | 13 | -5 | 10 | -0 | -5 | 24 | 20 | -15 | -23 |
Tax % | -0% | 26% | 23% | 26% | 25% | -25% | -1,316% | -1,636% | -23% | -0% | 24% | 3% | -26% |
Net Profit | 32 | 10 | 3 | 24 | 9 | -3 | 135 | 2 | -4 | 24 | 15 | -15 | -17 |
EPS in Rs | 1.00 | 0.30 | 0.11 | 0.76 | 0.29 | -0.11 | 4.24 | 0.07 | -0.11 | 0.76 | 0.46 | -0.48 | -0.54 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
Sales | 617 | 761 | 960 | 1,104 | 805 | 1,398 | 1,981 | 2,236 | 2,451 | 2,519 |
Expenses | 651 | 762 | 941 | 957 | 715 | 1,161 | 1,589 | 1,818 | 2,035 | 2,134 |
Operating Profit | -34 | -0 | 19 | 147 | 90 | 238 | 392 | 419 | 416 | 385 |
Other Income | 23 | 3 | 9 | -70 | 53 | 34 | 28 | 31 | 12 | 31 |
Interest | 1 | 1 | 16 | 60 | 66 | 67 | 80 | 94 | 105 | 110 |
Depreciation | 49 | 40 | 55 | 156 | 174 | 180 | 239 | 291 | 326 | 334 |
Profit before tax | -62 | -38 | -42 | -139 | -97 | 25 | 101 | 65 | -3 | -28 |
Net Profit | -60 | -36 | -42 | -139 | -97 | 25 | 226 | 51 | -6 | -21 |
EPS in Rs | -2.87 | -1.72 | -1.95 | -5.53 | -3.66 | 0.78 | 7.12 | 1.59 | -0.20 | -0.65 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | – |
Standalone figures in ₹ crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 42 | 42 | 43 | 50 | 53 | 64 | 64 | 64 | 64 | 64 |
Reserves | 533 | 497 | 460 | 504 | 462 | 978 | 1,087 | 1,165 | 1,193 | 1,179 |
Borrowings | -0 | 20 | 72 | 554 | 570 | 726 | 908 | 1,103 | 1,234 | 1,295 |
Other Liabilities | 135 | 156 | 386 | 159 | 170 | 313 | 330 | 278 | 296 | 368 |
Total Liabilities | 710 | 715 | 961 | 1,267 | 1,255 | 2,081 | 2,389 | 2,610 | 2,787 | 2,907 |
Fixed Assets | 415 | 454 | 519 | 919 | 871 | 1,189 | 1,578 | 1,952 | 2,124 | 2,217 |
Gross Block | 507 | 561 | 674 | 1,287 | 1,398 | 1,871 | 2,487 | 3,040 | 3,372 | – |
Accumulated Depreciation | 92 | 107 | 155 | 368 | 527 | 682 | 909 | 1,089 | 1,248 | – |
CWIP | 4 | 14 | 17 | 19 | 25 | 27 | 50 | 60 | 48 | 51 |
Investments | 90 | 90 | 99 | 172 | 187 | 321 | 104 | 40 | 171 | 111 |
Other Assets | 201 | 157 | 326 | 158 | 171 | 543 | 657 | 558 | 444 | 528 |
Total Assets | 710 | 715 | 961 | 1,267 | 1,255 | 2,081 | 2,389 | 2,610 | 2,787 | 2,907 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -45 | -13 | 28 | 167 | 115 | 240 | 414 | 422 | 462 |
Cash from Investing Activity | 29 | -37 | -297 | -39 | -71 | -579 | -254 | -171 | -295 |
Cash from Financing Activity | -1 | 19 | 263 | -129 | -30 | 342 | -178 | -197 | -191 |
Net Cash Flow | -18 | -32 | -7 | -2 | 14 | 3 | -18 | 54 | -24 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2 | 2 | 8 | 1 | 3 | 3 | 3 | 5 | 4 |
Inventory Days | 18 | 35 | 30 | 37 | 50 | 43 | 43 | 36 | 33 |
Days Payable | 115 | 135 | 108 | 106 | 170 | 144 | 107 | 102 | 101 |
Cash Conversion Cycle | -96 | -98 | -70 | -68 | -117 | -98 | -61 | -62 | -63 |
Working Capital Days | -63 | -64 | -132 | -57 | -93 | -62 | -51 | -36 | -37 |
ROCE % | – | -6% | -5% | 0% | -3% | 6% | 10% | 7% | 5% |
Direct from BSE filings, auto-summarised
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