Sapphire Foods Q3 Net Profit Declines 72.7% to ₹9 Crore; Revenue Grows 11.6%

9 Feb 2024 , 03:33 PM

Sapphire Foods reports a net profit of Rs 9 Crore for Q3 FY24, reflecting a 72.7% decline from Rs 33 crore in the same quarter of the previous fiscal year.

Total revenue for the KFC and Pizza Hut operator stands at ₹665.5 Crore, marking an 11.6% increase from ₹596.1 Crore in the year-ago quarter.

Earnings before interest, tax, depreciation, and amortization (EBIDTA) for the quarter is ₹121.6 Crore, showcasing a growth of 4.3%.

EBIDTA margin is at 18.3%, compared to the previous year’s 19.6%. Shares of Sapphire Foods experience a 3.28% increase, trading at ₹1402.45 on BSE at 2 pm.

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