India's Sapphire Foods firms as analysts flag margin improvement despite Q4 loss

Sapphire Foods India

29/04/2026 04:59

** KFC India operator Sapphire Foods SAPI.NS rises 0.4% to 175 rupees

** Co reports wider Q4 consolidated net loss of 126.1 million rupees ($1.3 million) vs 47.9 million loss in Q3

** However, revenue from operations rises 11.4% y/y

** Emkay Capital says despite higher promotional, ad spends, KFC brand margins improved notably likely helped by price hikes and support from vendors

** Adds margins might face headwinds from likely increase in fuel costs, potential withdrawal of vendor support

** Despite LPG-related disruptions, co delivered strong performance with minimal store closures, resilient ops, BOB Capital Markets says

** YTD, SAPI down 32.3%

($1 = 94.7600 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))