Sapphire Foods India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 01:17 pm IST
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Sapphire Foods India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 6,655.6 million compared to INR 5,961.32 million a year ago. Revenue was INR 6,715.79 million compared to INR 6,028 million a year ago. Net income was INR 101.39 million compared to INR 326.13 million a year ago. Basic earnings per share from continuing operations was INR 1.59 compared to INR 5.14 a year ago. Diluted earnings per share from continuing operations was INR 1.57 compared to INR 5.08 a year ago.
For the nine months, sales was INR 19,625.84 million compared to INR 17,051.65 million a year ago. Revenue was INR 19,836.09 million compared to INR 17,248.65 million a year ago. Net income was INR 504.19 million compared to INR 977.67 million a year ago. Basic earnings per share from continuing operations was INR 7.92 compared to INR 15.39 a year ago. Diluted earnings per share from continuing operations was INR 7.84 compared to INR 15.22 a year ago.
Sapphire Foods India Limited is an India-based company engaged in the business of quick service restaurant (QSR) and casual dining business. The Company is a franchisee operator of Yum Brands in India, Sri Lanka and Maldives. Its operating brands include Kentucky Fried Chicken (KFC), Pizza Hut and Taco Bell. KFC offers a Comprehensive menu featuring chicken on the bone, boneless chicken and other chicken products, burgers, rice bowls, wraps, beverages and desserts. Pizza Hut offers a Comprehensive menu for all parts of the day with a variety of pizzas, pasta, appetizers, beverages and desserts. Taco Bell offers a Comprehensive menu comprising a variety of taco fillings, sauces and distinctive products like sweet burritos and bell wings. The Company has approximately 579 restaurant outlets (KFC, Pizza Hut, and Taco Bell) in operation.