- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives.
Sapphire Foods' board met today and approved a revised merger scheme with Devyani International. An earlier condition regarding a secondary share sale was removed as its agreement was terminated. The share exchange ratio (177 DIL for 100 Sapphire) remains unchanged. This has no impact on shareholders, and the merger process...
Sapphire Foods saw strong Q1 FY27 performance with Restaurant Sales jumping 15% year-on-year to ₹888.2 Cr. EBITDA grew 24% to ₹140.6 Cr, with margins improving to 15.8%. Profit before tax also surged 229% to ₹27.3 Cr. Growth is fueled by operational efficiency, including zero-based cost budgeting and optimizing restaurant sizes...
Institutional investor GIC Private Limited (representing Government of Singapore and Monetary Authority of Singapore) has sold 2,350,734 equity shares of Sapphire Foods India Limited via an open market transaction. This disposal reduced their total shareholding in the company from 3.348% to 2.617%.