About the Company:

Sapphire Foods are the YUM’s largest franchisee operator in the Indian subcontinent in terms of revenue in the financial year 2020. The company has strong footprints in Sri Lanka’s largest international quick service restaurant chain in terms of revenue for the financial year 2021 and number of restaurants operated as of March 31, 2021. The QSR operator has also established its presence in the Maldives. As of March 31, 2021, Sapphire Foods owned and operated 204 KFC restaurants in India and the Maldives, 231 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. Within the organized food services market in India, the QSR chain sub-segment is the fastest growing sub-segment, with its value expected to grow at a CAGR of approximately 23% from ₹ 188.00 billion in financial 2020 to ₹ 534.00 billion in financial year 2025. Chicken and pizza are amongst the largest categories within the QSR chain sub-segment. As of March 31, 2021, KFC and Pizza Hut restaurants comprised approximately 7% and 6%, respectively, of the total number of outlets of key QSR brands in India.

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