Q4 2024 Sapphire Foods India Ltd Earnings Call Transcript
Key Points
- Sapphire Foods India Ltd (BOM:543397) achieved a 37% growth in sales revenue and a 92% growth in EBITDA over the past three years.
- The company added 129 new stores in FY24, with KFC contributing 88 new stores, marking the highest annual restaurant additions.
- KFC Sapphire achieved its highest-ever annual EBITDA margin of 19.7%.
- The company was ranked among the top three franchisees by Yum for both KFC and Pizza Hut on customer metrics and operating standards.
- Sapphire Foods India Ltd (BOM:543397) was rated the number one QSR in India on its ESG score by the Dow Jones Sustainability Index and is in the 95th percentile among all QSRs globally.
- Adjusted PAT for FY24 declined by 44%, indicating a significant drop in profitability.
- Consolidated restaurant EBITDA declined by 5% year-on-year in Q4, with a margin decrease of 260 basis points.
- Pizza Hut's system revenue declined by 3% YoY, and SSSG declined by 15% YoY, reflecting challenges in this segment.
- Sri Lanka operations faced store operating cost inflation, impacting profitability despite revenue growth.
- The company experienced a negative SSSG of 3% for KFC, indicating a decline in same-store sales.
Ladies and gentlemen, good day, and welcome to the Q4 and FY24 earnings conference call of Sapphire Food India Limited, hosted by Orient Capital. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Shivani Karwat from Orient Capital. Thank you and over to you, Ma'am.
Good evening, everyone. Welcome to the Q4 and FY24 earnings con call for Sapphire Foods India Limited. From the management, we have with us Mr. Sanjay Purohit, Group CEO and Whole-time Director; Mr. Vijay Jain, CFO; and Mr. Rahul Kapoor, Head, Investor Relations.
I hope everybody had a chance to go through the results and investor presentation, which was uploaded on the exchange earlier today. Before we proceed, a reminder that this call may contain some forward-looking statements, which do not guarantee future performance and involve unforeseen risks. A detailed disclaimer has also been published in the presentation. I will hand over the call to Mr. Sanjay. Over to you, sir.
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