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Sapphire Foods records highest ever quarterly sales, EBIDTA, and PAT during Q3FY22; Stock ends 17% up

11 Feb 2022 , 04:05 PM

Quarterly Results

Sapphire Foods Ltd. announced its results for the quarter and nine months ended December 2021 and has reported exceptional performance during the period. It has reported the highest ever quarterly sales, EBIDTA, and PAT. The company also recorded the highest ever restaurant addition during the quarter under review. Sapphire Foods is a leading YUM franchisee operator in the Indian subcontinent with a presence in India, Sri Lanka, and the Maldives, and is the largest international QSR chain in Sri Lanka in terms of revenue and number of restaurants operated as of March 31, 2021.

Its stock settled 17.05% higher at Rs1,518 against its previous closing price of Rs1,296.85 on NSE. It touched the day’s high of Rs1,539.90.

Sapphire Foods Ltd. reported total revenue of Rs505.50 crore in December 2021, up by 52% yoy, against Rs332.80 crore in December 2020. Revenue for the 9M period ended December 2021 stood at Rs1,221.20 crore as against Rs677.40 crore for the corresponding 9M period, up by 80% yoy.

Company’s quarterly Net Profit (PAT) stood at Rs51 crore in December 2021, as compared to Rs2.90 crore in December 2020, recording a growth of 1678% yoy. PAT for the 9M period ended December 2021 stood at Rs19.50 crore as compared to a loss of Rs862 crore for 9M ended Q3FY21.

EBITDA stands at Rs117 crore in December 2021 against Rs69.10 crore in the previous corresponding quarter, up by 69% yoy. Its EBITDA for the 9M period ended December 2021 stood at Rs221.20 crore as against Rs116.50 crore for the 9M ended December 2020, gaining 90% yoy.

EBITDA margin for the December 2021 quarter stood at 23.20% against 20.8% for the previous corresponding quarter. Net Profit margin reported at 10.10% for Q3FY22.

Company’s management stated that the company has delivered its best-ever performance in Q3FY22 and this is a reflection of the Sapphire story, i.e., 2 Global brands with scale and profitability, Sapphire’s execution mindset and capability, its compact omnichannel new restaurant model, its values-based culture and experienced team, and the capability and capital to deliver growth ambitions. The company has borne the impact of Covid-19 disruptions but recovered quickly by developing an operational framework.

Related Tags

  • Sapphire Foods News
  • Sapphire Foods Q3 Results
  • Sapphire Foods Stock
  • Sapphire Foods Updates
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