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Sapphire Foods India Ltd share Price Today

Company details

1,415.35
1,469.50
1,102.50
1,567.85
6M Return 0.62%
1Y Return 6.56%
Mkt Cap.(Cr) 9,215.45
Volume 115,657
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 115,657

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Restaurants company Sapphire Foods India announced Q1FY24 results:

  • Q1FY24 consolidated restaurant sales (Rs 6,526 million) grew by 20% despite the consumer demand headwinds. Raw Material inflation has cooled off thereby improving gross margins. In these conditions, both KFC and Pizza Hut focussed on winning consumer trust by delivering value and product innovation (e.g., KFC Snackers Rs 99/- range, Pizza Hut 10 new core pizzas) with strong advertising programs.
  • Added 35 restaurants in Q1FY24 (17 KFC, 16 Pizza Hut, 1 KFC and Pizza Hut each in Maldives) taking the total restaurant count to 778.
  • Consolidated restaurant EBITDA grew YoY in absolute terms by 12%, and the margin was 17.2% (down 130 bps).
  • Consolidated EBITDA (Rs 1,224 million, 18.8%) grew YoY by 10% (down 170 bps) and consolidated Adj. EBITDA (Rs 772 million, 11.8%) grew YoY by 7% (down 150 bps).
  • Consolidated PBT (Rs 336 million, 5.2%) declined YoY by 6% (down 140 bps).
  • Consolidated PAT was Rs 249 million (3.8%).
  • Despite flat SSSG (ADS improved over the sequential quarter), KFC delivered strong financial performance. Overall restaurant sales grew YoY by 21%. Gross margin recovery (up 130 bps over the sequential quarter) and cost controls enabled KFC to deliver one of the highest-ever Restaurant EBITDA at 20.8% (up 50 bps YoY). To bolster our menu options across day parts we launched KFC Snackers, a range of 7 products at Rs 99/- which includes Chicken Rolls, Longer Chicken Burger, Popcorn, Fries, and Beverage options.
  • Pizza Hut's overall restaurant sales grew by 12%, however, SSSG declined by 9% (SSTG was flat & ADS improved over the sequential quarter). While there was gross margin recovery (up 50 bps over sequential quarter) restaurant EBITDA dropped to 9.0% (down 580 bps YoY) because of operating deleverage. We continue to invest in the brand through higher advertising spending along with product and value innovations. Our focus on execution to deliver superior customer experience has resulted in us being recognised by YUM! as the No. 1 Franchisee globally for Guest Experience Scores.
  • Sri Lanka's overall restaurant sales grew by 9% in LKR (up 27% in Rs terms) while SSSG was flat. Consumer demand continues to be challenged due to the cumulative impact of inflation and higher direct taxes. Raw Material prices have remained largely stable over the last quarter. Restaurant EBITDA margins were at 13.0% (down 250 bps YoY) due to operating deleverage.

 

 

 

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Sapphire Foods India Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,255.94 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,520.16 27,959.84
LAST 3M 53,623.33 7,912.60
LAST 6M 94,188.00 82,000.34
LAST 12M 161,805.53 123,740.85
Sapphire Foods India Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Nov 30, 2023 l NSE Announcement

Sapphire Foods India Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Nov 29, 2023 l NSE Announcement

Date Action Type Ratio
No data found

Sapphire Foods India Ltd Information

Stock PE (TTM)
44.2
Promoter Holding
41.68%
Book Value
205.873
ROCE
8.13%
ROE
15.39%
Description
  • Sapphire Foods India Limited was initially incorporated with the name `Samarjit Advisors Private Limited` on 10 November, 2009. Subsequently, the Company changed the name to `Sapphire Foods India Private Limited` on 07 January, 2015. Thereafter, Company converted into a Public Limited Company and name of the Company was changed to Sapphire Foods India Limited on 15 June, 2021. The Company is a leading Yum franchisee operator in the Indian subcontinent with presence in India, Sri Lanka and Maldives. It is engaged in the franchise business of KFC and Pizza Hut restaurants in India. The Company started their operations in September, 2015, following the acquisition of about 270 KFC and Pizza Hut restaurants in India and Sri Lanka by a group of leading Private Equity firms and managed by a team of professionals. On 08 March 2017,the company has allotted 41088390 bonus equity shares of Rs 10 each to the shareholders in the ratio of 70:1. During the FY2020,the company has allotted 7136094 equity shares of Rs 10 each at a price of Rs 339 per share on conversion of CCPS and CCDs. On 03 August 2020,the company has allotted 2184520 equity shares of Rs 10 each at a price of Rs 187 per share on rights basis. As on 31 March 2021,the company has one direct subsidiary and 3 indirect subsidiaries under its roof. On 05 August 2021,the company has allotted 9189789 equity shares of Rs 10 each at a price of Rs 505.13 per share on preferential basis.On the same day,the company also allotted 183682 equity shares of Rs 10 each at a price of Rs 544.42 per share on preferential basis. Sapphire Foods owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka as of June 2021. During the month of November 2021,the company came out with an Rs 2073-crore public issue that was entirely an offer for sale by selling shareholders including promoters.The company offered 175669941 shares of Rs 10 each at a premium of Rs 1170 per share.The allotted IPO shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 18 November 2021. The Company has 579 restaurant outlets (KFC, Pizza Hut, and Taco Bell) in operation by the close of FY 22. As of March 31, 2022, the Company owned and operated 264 KFC and 310 Pizza Hut restaurants in India, 90 Pizza Hut and 5 Taco Bell restaurants across India, Sri-Lanka and Maldives. As on March 31, 2022, Company has 1 wholly owned subsidiary company viz., Gamma Pizzakraft (Overseas) Private Limited, which in turn, has 3 wholly-owned subsidiaries viz., Gamma Pizzakraft Private Limited, India; Gamma Pizzakraft Lanka (Private) Limited, Sri Lanka and French Restaurant Private Limited, Sri Lanka & one subsidiary viz., Gamma Island Foods Private Limited, Maldives. The Board of Directors of the Company at their meeting held on February 11, 2022, approved Scheme of Merger by Absorption of Gamma Pizzakraft (Overseas) Private Limited (GPOPL) and Gamma Pizzakraft Private Limited (GPPL) with Sapphire Foods India Limited (Company) and their respective shareholders, where the Appointed Date of the Scheme stood April 1, 2022. As of March 31, 2023, the Company owned and operated 341 KFC and 286 Pizza Hut restaurants in India, 105 Pizza Hut and 9 Taco Bell restaurants in Sri Lanka and 1 KFC and Pizza Hut each in Maldives. The Company introduced compact omnichannel restaurants and expanded its footprints across over 135 cities in India. It opened total 164 new restaurants in FY 2022-23 (78 KFC, 67 Pizza Hut in India and 15 Pizza Hut and 4 Taco Bell in Sri Lanka). It added 78 new KFC stores and 67 new Pizza Hut stores during the year. In April 2023, it launched 10 New Pizzas and sauces. The Board of Directors of the Company at their meeting held on February 11, 2022, approved Scheme of Merger by Absorption of Gamma Pizzakraft (Overseas) Private Limited (GPOPL) and Gamma Pizzakraft Private Limited (GPPL) with Sapphire Foods India Limited (Company) and their respective shareholders, where the Appointed Date of the Scheme stood April 1, 2022.

Registered Address

702 Prism Tower A Wing Mindsp., Link Road Goregaon (West), Mumbai, Maharashtra, 400062

Tel : 91-22-67522343
Email : investor:sapphirefoods.in / info:sapphirefoods.in
Website : http://www.sapphirefoods.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543397
NSE Code : SAPPHIRE
Book Closure Date (Month) :
BSE Group : A
ISIN : INE806T01012

FAQ’s on Sapphire Foods India Ltd Shares

You can buy Sapphire Foods India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sapphire Foods India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 04, 2023 03:59 PM the closing price of Sapphire Foods India Ltd was ₹ 1,447.15.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 04, 2023 03:59 PM, the market cap of Sapphire Foods India Ltd stood at ₹ 9,215.45.

The latest PE ratio of Sapphire Foods India Ltd as of Dec 04, 2023 03:59 PM is 44.2

The latest PB ratio of Sapphire Foods India Ltd as of Dec 04, 2023 03:59 PM is 0.14

The 52-week high of Sapphire Foods India Ltd is ₹ 1,567.85 while the 52-week low is ₹ 1,102.50

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