SAPPHIRE FOODS Q2 CONCALL : 60–80 KFC STORE EXPANSION TARGET, STRONG SAME-STORE SALES GROWTH & PIZZA HUT TURNAROUND FOCUS

• FY27 KFC STORE EXPANSION GUIDANCE MAINTAINED AT 60–80 NEW RESTAURANTS • KFC SAME-STORE SALES UP 14% YOY, WITH REVENUE UP 26% YOY • MANAGEMENT EXPECTS HIGH-SINGLE-DIGIT KFC SAME-STORE SALES GROWTH ACROSS Q2–Q3 COMBINED, ADJUSTED FOR NAVRATRI TIMING • APPROXIMATELY 60–67% OF NEW KFC STORES PLANNED IN CITIES WITH POPULATIONS ABOVE 1 MILLION • AROUND 70–80% OF NEW KFC STORES EXPECTED IN EXISTING CITIES • PIZZA HUT SAME-STORE SALES UP 5%, HIGHEST GROWTH IN SEVEN QUARTERS • NO NET PIZZA HUT STORE EXPANSION PLANNED DURING CY26 • PIZZA HUT TURNAROUND PROGRESS EXPECTED OVER A COUPLE OF QUARTERS FOLLOWING CCI APPROVAL & STRATEGIC ALIGNMENT • FOOD, WAGE & ENERGY COST INFLATION EXPECTED TO PEAK IN Q3 FY27 • MANAGEMENT PRIORITIZING TRANSACTION GROWTH OVER NEAR-TERM MARGIN EXPANSION • KFC MARKETING EXPENDITURE EXPECTED TO INCREASE BY 50–100 BPS IN FY27 • PIZZA HUT MARKETING EXPENDITURE EXPECTED TO INCREASE BY 100–150 BPS IN FY27 • MANAGEMENT REMAINS CAUTIOUS ON FURTHER PRICE HIKES TO PROTECT CUSTOMER AFFORDABILITY • NO ADDITIONAL BORROWINGS EXPECTED IN NEAR TERM; CASH BALANCE AROUND ₹250 CR • PIZZA HUT LOSSES, HIGHER MARKETING SPENDING & INPUT COST INFLATION REMAIN KEY MARGIN RISKS

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