The shares of India’s Largest franchisee of Yum Brands closed at a price of Rs 1,415.65 apiece, on Wednesday. The stock fell the day after Mauritius-based firm WWD Ruby Ltd offloaded its entire stake in the company.
As per reports, WWD Ruby, a foreign firm, liquidated its entire 4.77% share in Sapphire Foods India on the open market on Tuesday for Rs 417 crore. The firm sold 30,30,215 shares of the company at a price of Rs 1,377.10 each.
According to the NSE, on December 22, 2022, WWD Ruby sold 30.45 lakh shares in 12 tranches, equating to a 4.8% holding in the firm.
Investors such as Nomura, Societe Generale, and Goldman Sachs (Singapore) Pte. Ltd. purchased the shares.
Sapphire Foods is the largest Yum! franchisee and an omnichannel restaurant operator. Over 400 KFC, Pizza Hut, and Taco Bell stores in India, Sri Lanka, and the Maldives. The stock has gained by 35.48 percent in the last year, from Rs 1,041.50 to the current price.
Revenue climbed by 40 percent yearly, rising from Rs 1,398 crore in FY 21-22 to Rs 1,962 crore in FY 22-23. From Rs 24 crore to Rs 226 crore, net profit has increased by 841 percent.
In FY23, the financial ratios increased, with ROE at 17.60 percent and ROCE at 8.85 percent. The operational margin rose to 9.18 percent, while the net profit margin improved to 11.51 percent, and debt to equity stands at 0.7.
According to the shareholding data, the promoters hold a 44.9 percent stake, Foreign Institutional Investors have a 15.5 percent, and domestic institutional investors hold a 27.45 percent stake in the company for FY 22-23.
Written by Omkar C
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