Stockrabit · Analysts
Questions across 3 calls

Sanjay Purohit

Firm not listed in source transcripts

Sapphire Foods India Limited

Sapphire Foods India Limited CC-Feb26.pdf · 2026-02-06
Yes. Possibly, it is both. I don't think where we sit, we can comment on the overall macro. Certainly, we had seen this improvement start in December after the INR 99 initiative. The Dine- in, Takeaway business undoubtedly has seen a swing post that initiative happening. Like I think it is January, while we must not try and extrapolate this to infinity. But certainly, January starting off on a good note is a positive part. But let's wait and see as to how the whole quarter goes.
I don't think I can answer that. If you're saying that other people have also shown this good, that means the industry is turning around.
Sapphire Foods India Limited CC-Jul25.pdf · 2025-07-23
The improving ADS that we see in Q1FY26 versus Q4FY25 is a natural seasonal uplift that we see. The contracting margins when you see 0% SSSG and now if I just look back on 3 years SSSG, 3 years ago it was 0% in Q1FY26. This is I am talking about F Y23-24, ‘24-25 it was negative and now 0%. So, it is really operating deleverage coming into play Tejas.
And generally, April, May, June from a utility’s perspective etc. also versus Jan-Feb-March we will see because of summer an increase in cost. So, Q 4FY25 versus Q1FY26 is strictly not comparable.