Sapphire Foods India Limited
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.
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Sapphire Foods India Limited has progressed with its proposed merger by jointly filing an application with the Competition Commission of India alongside Devyani International Limited, marking a key step in the ongoing corporate restructuring process.
Sapphire Foods' merger with Devyani International proceeds. The board approved a revised scheme, terminating a prior condition regarding a secondary share sale. This change has no impact on shareholders or the 177:100 share exchange ratio.
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 India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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...