# SAPPHIRE (SAPPHIRE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/sapphire

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹230.51
- Change: -1.17%
- As of: 2026-09-18
- 1D return: -1.34%
- 5D return: +2.68%
- 1M return: -4.66%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, SAPPHIRE is exhibiting a mixed technical stance across different timeframes. Daily indicators suggest a potential shift, with the price trading above key moving averages like the 20-day EMA (₹227.64) and 50-day SMA (₹213.10), but below the daily Supertrend indicator (₹248.36). This is contrasted by monthly indicators which show the price below the 20-day EMA (₹237.42) and the monthly Supertrend (₹335.62), indicating a bearish trend on that longer timeframe. The weekly timeframe presents a more constructive picture, with the price above its 20-day EMA (₹209.01), 50-day EMA (₹221.11), and a bullish weekly Supertrend (₹177.82).

Recent market activity includes an unusual upward price move on September 17, 2026, with a 4% return. The stock is currently trading near its nearest support level at ₹232.32, which is approximately 0.39% below the current price of ₹233.24. The nearest resistance is observed at ₹258.01, about 10.62% higher. The stock's current drawdown stands at -34%, with annualized volatility at 43% and an Average True Range (ATR) of 3.89% of the price, suggesting elevated risk.

Key watch conditions include monitoring the price action around the ₹232.32 support level. A sustained break below this could signal further downside. Conversely, a move above the daily Supertrend at ₹248.36 and subsequently towards the ₹258.01 resistance level would be needed to improve the daily technical picture. The formation of a 'Morning Star' pattern on the daily chart and an 'Inside Bar' on the monthly chart warrant attention for potential trend continuation or reversal signals.

- The stock's current price is ₹233.24 as of September 17, 2026.
- Nearest support is at ₹232.32 (approx. 0.39% below current price).
- Nearest resistance is at ₹258.01 (approx. 10.62% above current price).
- Daily indicators show price above key moving averages but below the daily Supertrend.
- Monthly indicators suggest a bearish trend, while weekly indicators are bullish.
- Annualized volatility is 43% and current drawdown is -34%.

- Inside Bar
- Morning Star
- Doji
- Harami
- Bearish Engulfing Reversal
- Outside Bar

### What Changed

Sapphire Foods India, trading on the NSE, experienced a price increase to ₹233.24 as of September 17, 2026, up from ₹223.32 on the previous day. A news report on September 18, 2026, included Sapphire Foods India in a discussion of potential trades for the day. No other recent filings or significant technical trend changes were noted in the provided evidence.

- On September 17, 2026, Sapphire Foods India's stock price was ₹233.24, an increase from ₹223.32 the prior day.
- A news article dated September 18, 2026, mentioned Sapphire Foods India in the context of daily trading spotlights.
- The company continues to trade on the NSE.

- Trade Spotlight: How should you trade Castrol, Ramkrishna Forgings, Sapphire Foods, Jindal Saw, Granules India, and others on September 18?

### Official Filings

Sapphire Foods India Limited is progressing with its proposed amalgamation into Devyani International Limited. On September 10, 2026, the companies filed a joint application with the Competition Commission of India, a step in the regulatory approval process for the merger. This follows the Board's approval of an Amended Scheme of Arrangement on August 26, 2026. Notably, on the same date, the Board also approved the termination of a secondary sale transaction between promoter SFML and Arctic International Private Limited. This termination removes a condition precedent for the merger, allowing the process to continue under the original share exchange ratio of 177 shares in Devyani International for every 100 shares in Sapphire Foods India Limited. Separately, on August 12, 2026, Sapphire Foods India Limited's subsidiary, Gamma Pizzakraft Lanka (Private) Limited, received favorable news as the Income Tax Appellate Tribunal dismissed an appeal by the Income Tax Department, resolving tax litigation for the Sri Lankan entity without disclosed penalties.

- On September 10, 2026, Sapphire Foods India Limited and Devyani International Limited filed a joint application with the Competition Commission of India regarding the proposed merger.
- On August 26, 2026, Sapphire Foods India Limited's Board approved an Amended Scheme of Arrangement for amalgamation with Devyani International Limited and terminated a related secondary sale transaction.
- The share exchange ratio for the merger remains 177 shares in Devyani International for every 100 shares in Sapphire Foods India Limited.
- On August 12, 2026, Sapphire Foods India Limited's subsidiary, Gamma Pizzakraft Lanka (Private) Limited, had tax litigation resolved with the dismissal of an Income Tax Department appeal by the Income Tax Appellate Tribunal.

- Sapphire Foods India Limited has informed the Exchange regarding 'Filing of joint application with the Competition Commission of India'. |SUBJECT: Updates
- 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
- Sapphire Foods India Limited has informed the Exchange about Scheme of Arrangement |SUBJECT: Scheme of Arrangement
- SAPPHIRE FOODS INDIA LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Amalgamation/ Merger-XBRL
- Sapphire Foods India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- SAPPHIRE FOODS INDIA LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
- Sapphire Foods India Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation

### Fundamentals

Sapphire Foods India reported its Q1 FY2026-27 results, showing a revenue from operations of ₹890.96 crore. This represents an increase compared to the preceding quarters of Q4 FY2025-26 (₹792.22 crore) and Q3 FY2025-26 (₹813.83 crore). The company's profitability also improved in Q1 FY2026-27, with Profit Before Exceptional Items And Tax at ₹16.17 crore, a notable recovery from a loss of ₹2.69 crore in Q4 FY2025-26 and a profit of ₹7.81 crore in Q3 FY2025-26. Profit Loss For Period also turned positive at ₹14.02 crore in Q1 FY2026-27, compared to a loss of ₹12.62 crore in Q4 FY2025-26 and ₹4.81 crore in Q3 FY2025-26. Finance costs remained relatively stable, reported at ₹31.93 crore in Q1 FY2026-27, ₹31.11 crore in Q4 FY2025-26, and ₹31.50 crore in Q3 FY2025-26. The company's tax expense was ₹2.15 crore in Q1 FY2026-27.

- Revenue from operations for Q1 FY2026-27 was ₹890.96 crore.
- Profit Before Exceptional Items And Tax for Q1 FY2026-27 was ₹16.17 crore, a recovery from the previous quarter.
- Profit Loss For Period for Q1 FY2026-27 was ₹14.02 crore, turning positive.
- Finance Costs in Q1 FY2026-27 were ₹31.93 crore.
- Tax Expense in Q1 FY2026-27 was ₹2.15 crore.

### Bull Case

Sapphire Foods India's technical indicators show some constructive signals on a weekly basis, with the supertrend indicator suggesting a bullish direction as of September 17, 2026. The 14-day Average Directional Index (ADX) at 21.92 indicates a developing trend, supported by a positive EMA 20 slope of 14.8 over 5 periods. Additionally, the stock has experienced significant positive returns over the past three and six months, returning 28% and 41% respectively. However, longer-term indicators on a daily and monthly basis, including the supertrend direction, suggest a bearish trend, and the stock has seen a year-to-date return of -11%.

- As of September 17, 2026, the weekly supertrend indicator for Sapphire Foods India is in a bullish direction.
- The stock has shown a 3-month return of 28% and a 6-month return of 41%.
- The 14-day ADX on the weekly chart is 21.92, suggesting a trend is in development.
- The EMA 20 slope over 5 periods on the weekly chart is 14.8, indicating upward momentum.

- Trade Spotlight: How should you trade Castrol, Ramkrishna Forgings, Sapphire Foods, Jindal Saw, Granules India, and others on September 18?

### Bear Case

Sapphire Foods India's recent performance shows a cautionary trend, particularly over the longer term. The stock has experienced a significant decline over the past year, with a return of -27% as of September 17, 2026. This downward movement is also reflected in the year-to-date return of -11%. While there have been short-term positive returns, such as a 41% gain over six months, the overall yearly performance indicates potential headwinds. The technical indicators also suggest a bearish outlook in the daily and monthly timeframes, with the Supertrend indicator pointing downwards in both periods. The company's risk profile includes a substantial current drawdown of -34% and a maximum drawdown of -58%, highlighting its historical volatility and potential for significant price depreciation.

- The stock has returned -27% over the past year, as of September 17, 2026.
- The year-to-date return stands at -11%.
- The daily and monthly Supertrend indicators are both in a bearish direction.
- The current drawdown is -34%, with a maximum drawdown of -58%.

- Trade Spotlight: How should you trade Castrol, Ramkrishna Forgings, Sapphire Foods, Jindal Saw, Granules India, and others on September 18?

### FAQs

**What is the status of Sapphire Foods India's proposed merger with Devyani International?**

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.

**How has Sapphire Foods India's stock performed recently, and what are the key technical indicators?**

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).

**What are the nearest support and resistance levels for Sapphire Foods India's stock?**

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).

- Trade Spotlight: How should you trade Castrol, Ramkrishna Forgings, Sapphire Foods, Jindal Saw, Granules India, and others on September 18?
- Sapphire Foods India Limited has informed the Exchange regarding 'Filing of joint application with the Competition Commission of India'. |SUBJECT: Updates
- 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
- Sapphire Foods India Limited has informed the Exchange about Scheme of Arrangement |SUBJECT: Scheme of Arrangement
- SAPPHIRE FOODS INDIA LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Amalgamation/ Merger-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹230.47
- Risk regime: Higher Price Risk

### Support levels
- 229.3425
- 220.88
- 217

### Resistance levels
- 258.01
- 265.225
- 308.6

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.34% |
| return_10 | +0.59% |
| return_1m | -0.81% |
| return_1y | -28.78% |
| return_20 | -4.66% |
| return_3m | +24.50% |
| return_5 | +2.68% |
| return_6m | +34.17% |
| return_since_start | -33.43% |
| return_ytd | -12.41% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -57.56% |
| annualized_volatility | +42.81% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth and Absence of Exceptional Items Coincide with Return to Profitability

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.

## Revenue

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.

## Profitability

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.

## Finance Costs and Tax

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.

## Earnings Per Share

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-10 — Generic Announcement: Sapphire Foods India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_10092026212600_NSE.pdf)
- 2026-09-04 — Official Filing: SAPPHIRE FOODS INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_19858_WebXMLFile_20260904_203156962.xml)
- 2026-08-26 — Generic Announcement: Sapphire Foods India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_26082026193914_NSE.pdf)
- 2026-08-26 — Generic Announcement: Sapphire Foods India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_26082026194258_NSE.pdf)
- 2026-08-26 — Generic Announcement: Sapphire Foods India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19858_WebXMLFile_20260826_234050314.xml)
- 2026-08-14 — Litigation Disclosure: Sapphire Foods India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_14082026172751_NSE.pdf)
- 2026-08-14 — Litigation Disclosure: Sapphire Foods India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19858_WebXMLFile_20260814_173443737.xml)
- 2026-08-11 — Earnings Presentation: Sapphire Foods India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_11082026125147_SapphireFoodsCorporatePresentation11082026.pdf)
- 2026-07-30 — Generic Announcement: Sapphire Foods India Limited reported strong Q1 FY27 results with 15% revenue growth and 37% adjusted EBITDA growth, marking the best performance in 11 and 15 quarters respectively. This growth was driven by positive same-store sales growth (SSSG) across KFC India, Pizza Hut India, and Sri Lanka businesses. Q1 FY27 revenue reached INR 888 crores, with the addition of 22 new restaurants, bringing the total to 1,074. KFC achieved 5% SSSG and 17% system growth, while Pizza Hut saw 1% SSSG after five quarters, and Sri Lanka reported 9% SSSG despite inflationary pressures impacting profitability. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_30072026185403_SapphireFoodsEarningsCallTranscript30072026.pdf)
- 2026-07-30 — Official Filing: Sapphire Foods India Limited has disclosed the transcripts of its earnings call held on July 24, 2026. The call concluded at 17:17:00, and the transcripts were uploaded to the company's website on July 30, 2026, at 18:34:00.
- 2026-07-25 — Generic Announcement: Sapphire Foods India Limited announced on July 25, 2026, that it has published a newspaper advertisement regarding its financial results for the quarter ended June 30, 2026. The company is complying with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing this advertisement in Business Standard. The financial results have been approved by the Board of Directors on July 24, 2026, and are available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_25072026183726_NSE.pdf)
- 2026-07-24 — Generic Announcement: Sapphire Foods India Limited's Board of Directors met on July 24, 2026, approving the unaudited financial results for the quarter ended June 30, 2026. The company reported consolidated revenue from operations of Rs. 8,909.60 million and a profit after tax of Rs. 140.22 million for the quarter. The Board also noted the auditor's limited review reports. Additionally, the company's registered office has been successfully shifted from Maharashtra to Haryana, with registration completed on May 18, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_24072026131707_OutcomeofBM.pdf)
- 2026-07-24 — Press Release: Sapphire Foods India Limited reported a 15% year-over-year revenue growth to ₹8,882 million for the quarter ended June 30, 2026, marking their second consecutive quarter of strong performance. Adjusted EBITDA grew by 37% year-over-year to ₹749 million, with positive same-store sales growth across KFC and Pizza Hut in India and Sri Lanka. The company also expanded its restaurant count to 1,074 by adding 16 KFC and 5 Pizza Hut outlets in India, and 1 Pizza Hut in Sri Lanka during the quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_24072026132318_SapphireFoodsInvestorPresentation.pdf)
- 2026-07-24 — Official Filing: Sapphire Foods India Limited has disclosed an audio recording of an earnings call held on July 24, 2026. The call concluded at 17:17:00 on the same date. The audio recording was uploaded to the company's website on July 24, 2026, at 19:20:00, following prior intimation to the exchange on July 20, 2026.
- 2026-07-24 — Earnings Presentation: Sapphire Foods India Limited reported a 15% year-over-year revenue growth to ₹8,882 million for the quarter ended June 30, 2026, marking their second consecutive quarter of strong performance. Adjusted EBITDA grew by 37% year-over-year to ₹749 million, with positive same-store sales growth across KFC and Pizza Hut in India and Sri Lanka. The company also expanded its restaurant count to 1,074 by adding 16 KFC and 5 Pizza Hut outlets in India, and 1 Pizza Hut in Sri Lanka during the quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_24072026132720_SapphireFoodsInvestorPresentation.pdf)
- 2026-07-24 — Official Filing: Sapphire Foods India Limited has disclosed an audio recording of an earnings call held on July 24, 2026. The call concluded at 05:17:00 on the same date. The audio recording was uploaded to the company's website on July 24, 2026, at 19:20:00, following prior intimation to the exchange on July 20, 2026.
- 2026-07-24 — Generic Announcement: Sapphire Foods India Limited has made the audio recording of its Investors' Earnings call for Q1 FY27, discussing financial results for the quarter ended June 30, 2026, available on its website. This disclosure was made on July 24, 2026, in compliance with SEBI Listing Regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_24072026193922_SapphireFoodsAudioRecordingQ1FY27ConferenceCall.pdf)
- 2026-07-22 — Generic Announcement: Sapphire Foods India Limited held its 17th Annual General Meeting on July 21, 2026, where all nine resolutions, including the adoption of financial statements for the year ended March 31, 2026, and the re-appointment of directors, were passed with the requisite majority. The voting results, based on remote e-voting and electronic voting during the meeting, were finalized and reported on July 22, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_22072026190940_CoveringLetterRegulation44.pdf)
- 2026-07-21 — Generic Announcement: Sapphire Foods India Limited held its 17th Annual General Meeting on July 21, 2026, via video conferencing. The meeting, which concluded at 6:03 PM IST, included ordinary business such as adopting the financial statements for the year ended March 31, 2026, and re-appointing directors Mr. Vijay Jain and Mr. Kabir Thakur. Special business involved the re-appointment of Mr. Sanjay Purohit as Whole-time Director & Group CEO, Mr. Sunil Chandiramani as Chairman and Independent Director, Ms. Deepa Wadhwa as Independent Director, and Ms. Anu Aggarwal as Independent Director, along with the continuation of Mr. Sumeet Narang and appointment of Mr. Vikram Agarwal as Non-Executive Nominee Directors. E-voting results will be declared after the scrutinizer's report. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_21072026203259_ProceedingsofAGMSFIL21072026.pdf)
- 2026-07-20 — Official Filing: Sapphire Foods India Limited will hold its Q1 FY27 Earning Conference Calls virtually on July 24, 2026, starting at 04:30:00. The call will discuss Q1 Results. Ms. Himani Singla is the contact person for this event.
- 2026-07-20 — Generic Announcement: Sapphire Foods India Limited will hold an earnings conference call on Friday, July 24, 2026, at 4:30 PM IST to discuss its financial performance for Q1 FY27. The call will include participation from Group CEO Sanjay Purohit and CFO Vijay Jain. An invitation with pre-registration and access details is provided. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_20072026154416_SapphireSEDisclosureEarningsCallQ1FY27.pdf)
- 2026-07-17 — Official Filing: Sapphire Foods India Limited will hold a board meeting on July 24, 2026, to consider its unaudited quarterly financial results for the period ended June 2026. The trading window for the company's securities will be closed from June 25, 2026, to July 27, 2026.
- 2026-06-28 — Generic Announcement: Sapphire Foods India Limited has published a notice for its 17th Annual General Meeting (AGM) to be held on July 21, 2026, at 5:00 PM IST via Video Conferencing. The notice, including newspaper advertisements, was published on June 28, 2026, in the Financial Express and Jansatta and is available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_28062026174647_NSE.pdf)
- 2026-06-27 — Generic Announcement: Sapphire Foods India Limited will hold its 17th Annual General Meeting on July 21, 2026, via video conference to approve financial statements for FY 2025-26 and re-appoint directors. Key agenda items include the re-appointment of Sanjay Purohit as Whole-time Director & Group CEO for a five-year term starting July 23, 2026, with an annual remuneration package of approximately ₹3.75 crore. Additionally, Sunil Chandiramani and Deepa Wadhwa are proposed for re-appointment as Independent Directors for a second five-year term, each with a remuneration limit of ₹40 lakh per annum. The meeting will also address the continuation of Sumeet Narang's appointment as Non-Executive Nominee Director and the appointment of Vikram Agarwal as Non-Executive Nominee Director. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_27062026174612_NoticeofAGM27062026.pdf)
- 2026-06-27 — Generic Announcement: Sapphire Foods India Limited has released its Environmental, Social and Governance (ESG) Report for the Financial Year 2025-26. The report aligns with Global Reporting Initiative (GRI) Standards and is available on the company's website. The filing was made on June 27, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SAPPHIRE_27062026181527_SapphireFoodsESGReport.pdf)

## News and market events

- 2026-09-18 — MONEYCONTROL: **Trade Spotlight: How should you trade Castrol, Ramkrishna Forgings, Sapphire Foods, Jindal Saw, Granules India, and others on September 18?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-castrol-ramkrishna-forgings-sapphire-foods-jindal-saw-granules-india-and-others-on-september-18-14032566.html)
- 2026-08-16 — REDIFF.COM: **Maha FDA suspends licences of Domino's outlets over hygiene** — 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. — [Source](https://www.rediff.com/news/report/maha-fda-suspends-licences-of-dominos-outlets-over-hygiene/20260812.htm)
- 2026-08-05 — Economic Times: **QSR stocks near turning point as risk-reward turns favorable, says Motilal Oswal** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/qsr-stocks-near-turning-point-as-risk-reward-turns-favorable-says-motilal-oswal/articleshow/132901657.cms)
- 2026-08-05 — Mint: **Raja Venkatraman recommends three stocks for 5 August** — Market expert Raja Venkatraman shares his top stock picks for 5 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-5-august-11785890260978.html)
- 2026-07-31 — Mint: **Top Gainers & Losers on 31 July: Bajaj Finance, Hyundai Motor, GAIL, Tata Motors, Redington among top gainers today** — 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. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-31-july-bajaj-finance-hyundai-motor-gail-tata-motors-redington-among-top-gainers-today-11785490241096.html)
- 2026-07-30 — MONEYCONTROL: **Bulk deals: Fairfax India sells Rs 374-crore stake in IIFL Finance; Abakkus buys nearly 3% Bai-Kakaji shares** — Bai-Kakaji Polymers,IIFL Finance,Xtranet Technologies,Sapphire Foods India,Bulk Deals,Block Deals — [Source](https://www.moneycontrol.com/news/business/markets/bulk-deals-fairfax-india-sells-rs-374-crore-stake-in-iifl-finance-abakkus-buys-nearly-3-bai-kakaji-shares-13989320.html)
- 2026-07-29 — Economic Times: **Devyani International Q1 profit zooms to Rs 17 cr** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/devyani-international-q1-profit-zooms-to-rs-17-cr/articleshow/132705845.cms)
- 2026-07-29 — CNBC-TV18: **Devyani International share price jumps 9% after Q1 profit surges four-fold, margin improves** — 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. — [Source](https://www.cnbctv18.com/market/devyani-international-q1-results-sapphire-foods-costa-coffee-sky-gate-nclt-share-price-19956579.htm)

## Business profile

**Strategic vision:** Quick-service restaurant operator for international brands in India.

### Business segments
- **Quick-Service Restaurants:** Operates franchised quick-service restaurant brands including KFC, Pizza Hut, and Taco Bell, focusing on consistent customer experience and adapting menus to local tastes.

### Competitive strengths
- Extensive network of franchised restaurants
- Adaptation of menus to local preferences
- Digital integration for customer experience and operations

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/sapphire
Markdown representation: https://faxioms.com/stocks/sapphire?render=md