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India
As of 18 Sept 2026, 03:30 pm
On September 10, 2026, Sapphire Foods India Limited and Devyani International Limited filed a joint application with the Competition Commission of India. This filing is part of the regulatory approval process for the proposed merger of Sapphire Foods into Devyani International, following an Amended Scheme of Arrangement approved by the Board on August 26, 2026. The Board's approval on August 26, 2026, also involved terminating a secondary sale transaction between promoter SFML and Arctic International Private Limited, which removes a condition for the merger's effectiveness. The merger continues to be subject to requisite regulatory approvals.
As of September 17, 2026, Sapphire Foods India's stock closed at ₹233.24. The stock has experienced varied returns over different periods: a 4% return in the last day, a 41% return over the last 6 months, and a 28% return over the last 3 months. However, it shows a negative return of -27% over the last year and -11% year-to-date. Technically, the daily trend shows the closing price (₹233.24) is above the 20-day Exponential Moving Average (EMA) of ₹227.64 and the 50-day EMA of ₹217.04, but below the 20-day Simple Moving Average (SMA) of ₹233.23. The SuperTrend indicator is 'bearish' on a daily basis at ₹248.36. On a weekly basis, the SuperTrend indicator is 'bullish' at ₹177.82, with the closing price above both the 20-day EMA (₹209.01) and 50-day EMA (₹221.11).
As of September 17, 2026, the nearest support levels for Sapphire Foods India are identified at ₹232.32 (0.39% below the current price), ₹229.34 (1.67% below), and ₹229.16 (1.75% below). The nearest resistance levels are at ₹258.01 (10.62% above the current price), ₹265.23 (13.71% above), and ₹308.60 (32.31% above).
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Upward price movement of 2.70 standard deviations recorded on 2026-09-17.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹890.96 crore | ₹792.22 crore | ₹813.83 crore | ₹742.44 crore | ₹776.83 crore |
| Profit Before Exceptional Items And Tax | PEAK₹16.17 crore | -₹2.69 crore | ₹7.81 crore | -₹16.58 crore | -₹1.84 crore |
| Profit Before Tax | PEAK₹16.17 crore | -₹15.49 crore | -₹3.35 crore | -₹16.58 crore | -₹1.84 crore |
| Profit Loss For Period | PEAK₹14.02 crore | -₹12.62 crore | -₹4.81 crore | -₹12.79 crore | -₹1.74 crore |
| Finance Costs | PEAK₹31.93 crore | ₹31.11 crore | ₹31.50 crore | ₹30.67 crore | ₹29.53 crore |
| Tax Expense | PEAK₹2.15 crore | -₹2.86 crore | ₹1.46 crore | -₹3.79 crore | -₹10.60 lakh |
Revenue from operations totaled ₹890.96 crore, representing a 12.5% sequential increase from ₹792.22 crore in the preceding quarter and a 14.7% year-over-year rise from ₹776.83 crore. This follows a sequential decline in the fourth quarter, which had fallen from ₹813.83 crore in the third quarter of FY2025-26.
Finance costs amounted to ₹31.93 crore, increasing 2.6% sequentially from ₹31.11 crore and 8.1% year-over-year from ₹29.53 crore. Tax expense shifted to a positive provision of ₹2.15 crore, contrasting with negative tax provisions in each of the four preceding quarters.
Basic and diluted earnings per share were ₹0.44, compared to losses of ₹0.39 and ₹0.06 per share in the previous quarter and the same quarter last year, respectively. The paid-up equity share capital remained steady at ₹64.28 crore throughout the period, confirming that the earnings per share calculation reflects no change in share count.
The quarter marked a return to profitability after four consecutive quarters of losses. Revenue reached a new high within the available data set, and the absence of exceptional items allowed underlying operating performance to flow through to net income. Financial results improved materially compared to recent quarters, driven by top-line expansion and the normalization of pre-tax earnings.
Exchange disclosures and regulatory announcements for Sapphire Foods India.
Sapphire Foods India Limited and Devyani International Limited filed a joint application with the Competition Commission of India on September 10, 2026, as part of the regulatory approval process for the proposed merger of Sapphire Foods into Devyani International under an Amended Scheme of Arrangement approved by the Board on August 26, 2026.
SAPPHIRE|SAPPHIRE FOODS INDIA LIMITED|Original|Regulation 7 (2)|IT_19858_WebXMLFile_20260904_203156962.xml|IT_19858_20260904_203156993_WEB.html|5290|22401|-
Sapphire Foods India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 26, 2026. |SUBJECT: Outcome of Board Meeting
On August 26, 2026, the Board of Sapphire Foods India Limited approved a revised scheme of amalgamation with Devyani International Limited after terminating the Secondary Sale Transaction between promoter SFML and Arctic International Private Limited. The termination removes the requirement for this sale as a condition precedent for the merger's effectiveness, while maintaining the original share exchange ratio of 177 shares in Devyani for every 100 shares in Sapphire. Consequently, SFML will receive shares under the standard scheme terms rather than selling its stake to Arctic, and the merger process continues subject to requisite regulatory approvals.
SAPPHIRE FOODS INDIA LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Amalgamation/ Merger-XBRL
On August 12, 2026, the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by the Income Tax Department against a favorable order previously granted to Sapphire Foods India Limited's subsidiary, Gamma Pizzakraft Lanka (Private) Limited. The ITAT upheld the ruling from the Commissioner of Income Tax (Appeals), Ranchi, which was originally communicated to the exchange on September 2, 2025. This development resolves the tax litigation concerning the Sri Lankan subsidiary without any settlement terms or financial penalties disclosed.
On August 13, 2026, SAPPHIRE FOODS INDIA LIMITED disclosed that the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by the Income Tax Department against its wholly-owned subsidiary, Gamma Pizzakraft Lanka (Private) Limited. The ITAT upheld the favorable order previously issued by the Commissioner of Income Tax (Appeals), Ranchi, on August 12, 2026, concluding the litigation regarding tax matters for the Sri Lankan entity.
Sapphire Foods India Limited published its corporate presentation for Q1 FY27 on August 11, 2026, reporting restaurant sales of ₹8,882 million (up 15% YoY), adjusted EBITDA of ₹749 million (up 37% YoY), and EBITDA of ₹1,406 million (up 24% YoY). The company operated 1,074 total restaurants across India, Sri Lanka, and Maldives as of June 30, 2026, including 591 KFC, 472 Pizza Hut, and 11 Taco Bell outlets. On January 1, 2026, the board approved a merger scheme with Devyani International, subject to regulatory approvals.
Recent market and company developments associated with Sapphire Foods India.
Trade Spotlight
The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of four Domino's Pizza outlets, including three in Mumbai, and several other chain restaurants like KFC and Pizza Hut, citing alleged violations of food safety and hygiene norms during a special drive.
The Indian quick-service restaurant (QSR) sector is entering a favourable phase after a challenging period, according to Motilal Oswal Financial Services. The brokerage believes easing valuations, improving operational trends, and long-term consumption growth could support a recovery in QSR stocks. It remains selective in the space and highlights Jubilant FoodWorks, Sapphire Foods India, Westlife Foodworld, and Devyani International as key picks.
Market expert Raja Venkatraman shares his top stock picks for 5 August. Here’s his technical outlook and trade strategy.
Indian equities closed the last trading day of July with modest gains, driven by financial and auto stocks. The Nifty 50 rose 0.20% to 24,336, while Sensex advanced 0.21% to 78,091, reflecting positive market trends despite concerns over crude oil prices.
Bai-Kakaji Polymers,IIFL Finance,Xtranet Technologies,Sapphire Foods India,Bulk Deals,Block Deals
Devyani International has reported an impressive surge in net profit for the June quarter, marking a substantial revenue increase of 16.47% to Rs 1,580.51 crore. Likewise, total income experienced a robust rise of 16.72%. They earlier announced a merger with Sapphire Foods India, setting the stage for the formation of one of the largest quick-service restaurant chains in the country.
Despite the lower outlet count, Costa Coffee's revenue rose 7% year-on-year to ₹212.5 crore, reflecting higher revenue per store. Devyani International said it is adopting a more disciplined and selective approach to expansion while continuing to strengthen the premium coffee chain, which it considers one of its key growth drivers.
Comprehensive Section Breakdown for Sapphire Foods India
Strategic Vision: Quick-service restaurant operator for international brands in India.
Category: Consumer Tech
Operates franchised quick-service restaurant brands including KFC, Pizza Hut, and Taco Bell, focusing on consistent customer experience and adapting menus to local tastes.
Key Products & Services: KFC • Pizza Hut • Taco Bell
• Extensive network of franchised restaurants
• Adaptation of menus to local preferences
• Digital integration for customer experience and operations
Sapphire Foods India Limited reported a net profit of ₹14.02 crore for the first quarter of FY2026-27 (ended June 2026), ending a streak of four consecutive quarterly losses. Revenue from operations reached ₹890.96 crore, marking the highest level in the available five-quarter history and rising 14.7% compared to the same quarter last year. The shift back to profitability coincided with stronger top-line performance and the removal of exceptional charges that had previously reduced pre-tax earnings.
Profit before exceptional items and tax (PBEIT) turned positive at ₹16.17 crore, recovering from a loss of ₹2.69 crore in the fourth quarter of FY2025-26 and a loss of ₹1.84 crore in the prior year’s first quarter. This stands as the highest PBEIT across the five available quarters. Because no exceptional items were recorded in the current quarter, profit before tax (PBT) matched PBEIT at ₹16.17 crore. In contrast, exceptional charges of ₹11.16 crore in the third quarter and ₹12.80 crore in the fourth quarter had previously compressed pre-tax earnings. Net profit for the quarter came in at ₹14.02 crore, reversing net losses of ₹12.62 crore and ₹1.74 crore recorded in the fourth quarter of FY2025-26 and the first quarter of FY2025-26, respectively.
Core Thesis: Leveraging multiple international QSR brands to build a consolidated market presence.
• Brand Franchising: Operates multiple international QSR brands under franchise agreements with Yum! Brands Inc. • Local Adaptation: Adapts menus to local tastes and preferences to resonate with diverse cultural palates. • Digital Integration: Leverages digital platforms to enhance customer engagement and streamline operations for a seamless dining experience. • Distribution Network: Utilizes a widespread network of physical restaurants and digital platforms for enhanced distribution and delivery.