Sapphire Foods India IPO

Sapphire Foods India Limited is one of YUM’s franchisee operators in the Indian subcontinent with revenue from operations of Rs. 13,404.12 million and Rs. 10,196.19 million for the financial years 2020 and 2021, respectively. They are also Sri Lanka’s largest international quick service restaurant (QSR) chain, in terms of revenue for the financial year 2021 (FY21), and number of restaurants operated as of March 31, 2021 (with 68 restaurants representing 39% of the total number of outlets in the market) (Source: Technopak Report). The company has also established a presence in the Maldives.

As of June 30, 2021, they owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. In 2020, KFC, Pizza Hut and Taco Bell recorded system sales worldwide of US $26.2 billion, US $11.9 billion and US $11.7 billion, respectively (Source: Technopak Report).

The company operate their restaurants in high traffic and high visibility locations in key metropolitan areas and cities across India and develop new restaurants in new cities as part of their brand and food category expansion. Their total number of restaurants in the territories grew from 376 restaurants as of March 31, 2019 to 450 restaurants as of June 30, 2021.

Sapphire Foods India has also adopted YUM’s global online and digital channel solutions to enhance customer experience in both their physical and digital restaurants and achieve operating efficiency and financial controls within their organization.