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Hot Pursuit News

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(13 May 2024, 13:04)

Sapphire Foods slips after Q4 PAT slumps 98% YoY

Sapphire Foods India declined 3.89% to Rs 1363.80 after the company’s consolidated net profit tumbled 98.2% to Rs 2.39 crore in Q4 FY24 as compared with Rs 135.59 crore recorded in Q4 FY23.


Revenue from operations jumped 12.7% year on year to Rs 631.70 crore in the quarter ended 31 March 2024.

The company's Profit before tax (PBT) in the March quarter stood at Rs 0.84 crore, down 93.2% from Rs 12.28 crore reported in the same period a year ago.

EBITDA stood at Rs 110.23 crore in the fourth quarter of FY24, registering growth of 7% as against Rs 103.04 crore posted in Q4 FY23. EBITDA margin reduced to 17.5% in Q4 FY24 as compared to 18.4% registered in the corresponding quarter last year.

In Q4 FY24, consolidated restaurant sales jumped 13% to Rs 629.7 crore and EBITDA increased 7% to Rs 110.2 crore. Demand across all consumer product categories remains constrained.

Sapphire KFC continues to perform well in a tough consumer demand environment. It delivered an...

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