Sapphire Foods Q2 FY27 results: consolidated revenue Rs 885.34 cr, loss narrows

What the numbers show

• Net margin was -0.17% of revenue, up 155 bps from -1.73%.

• Basis: Consolidated statement of financial results (Financial Highlights: Consolidated Profit & Loss Statement)

• Period reported: Quarter ended 30 September 2026 (Q2 FY27)

• Comparative period: Quarter ended 30 September 2025 (Q2 FY26)

• Restaurant Sales: Rs 885.34 cr (Q2 FY27) vs Rs 740.10 cr (Q2 FY26)

• Other operating income: Rs 2.69 cr vs Rs 2.34 cr

• COGS: Rs 281.85 cr vs Rs 239.37 cr

• Gross Profit: Rs 606.18 cr vs Rs 503.07 cr

• Employee Expenses: Rs 116.20 cr vs Rs 105.75 cr

• Other Expenses: Rs 361.37 cr vs Rs 291.15 cr

• EBITDA: Rs 128.61 cr vs Rs 106.16 cr

• Depreciation: Rs 101.33 cr vs Rs 97.24 cr

• Finance Cost: Rs 33.11 cr vs Rs 30.67 cr

• Other Income: Rs 5.25 cr vs Rs 5.17 cr

• PBT before exceptional items: Rs -0.579 cr vs Rs -16.58 cr

• Exceptional items: Rs 1.33 cr vs Rs -

• PBT after exceptional items: Rs (1.91) cr vs Rs (16.58) cr

• Tax Expenses/(credit): Rs -0.393 cr vs Rs -3.79 cr

• PAT: Rs (1.51) cr vs Rs (12.79) cr

According to the consolidated profit and loss statement in the earnings presentation, Sapphire Foods India Limited reported consolidated restaurant sales of Rs 885.34 cr for Q2 FY27, compared with Rs 740.10 cr in Q2 FY26. Other operating income was Rs 2.69 cr, slightly higher than Rs 2.34 cr in the year-ago quarter.

Cost of goods sold (COGS) rose to Rs 281.85 cr from Rs 239.37 cr, while gross profit increased to Rs 606.18 cr from Rs 503.07 cr. Employee expenses were Rs 116.20 cr versus Rs 105.75 cr a year earlier. Other expenses increased to Rs 361.37 cr from Rs 291.15 cr.

EBITDA for the quarter stood at Rs 128.61 cr, up from Rs 106.16 cr in Q2 FY26. Depreciation was Rs 101.33 cr compared with Rs 97.24 cr, and finance cost was Rs 33.11 cr versus Rs 30.67 cr. Other income was broadly similar at Rs 5.25 cr against Rs 5.17 cr in the prior-year quarter.

Profit before tax (PBT) before exceptional items improved to a loss of Rs -0.579 cr from a loss of Rs -16.58 cr in Q2 FY26. Exceptional items for Q2 FY27 were Rs 1.33 cr, compared with no exceptional items reported for Q2 FY26 in this table. After exceptional items, PBT was Rs (1.91) cr versus Rs (16.58) cr a year ago.

Tax expenses/(credit) for the quarter were Rs -0.393 cr, compared with Rs -3.79 cr in Q2 FY26. The company reported a consolidated loss after tax (PAT) of Rs (1.51) cr for Q2 FY27, narrower than the loss of Rs (12.79) cr in the corresponding quarter of the previous year, as per the statement of financial results presented in the consolidated profit and loss statement.