The shares of one of India’s largest food service companies engaged in the business of quick service restaurant (QSR) and casual dining business jumped 3 percent in the day’s trade, following an announcement to consider a split of equity shares of the company.
With a market capitalization of Rs. 9,347 Crores, the shares of Sapphire Foods India Limited were trading at Rs. 1,466.60 per equity share, up 2.90 percent from its previous day’s close price of Rs. 1,425.30.
The Board of Directors of Sapphire Foods India Limited is going to meet on Wednesday, 19th June 2024, to consider and approve, the proposal for alteration in the share capital of the Company by sub-division/split of existing equity shares of the Company having a face value of Rs. 10 each.
Sapphire Foods Limited is engaged in the business of quick service restaurant (QSR) and casual dining business. It is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives.
Sapphire Foods Limited has a total of 872 Restaurants across India, Sri Lanka, and Maldives, of which there are 431 KFC Restaurants, 432 Pizza Hut Restaurants, and 9 Taco Bell Restaurants.
Its Revenue from Operations grew by 12.72 percent from Rs. 560.41 Crores in Q4FY23 to Rs. 631.7 Crores in Q4FY24, accompanied by profits of Rs. 135.48 Crores to Rs. 2.04 Crores.
It has reported a return on equity (ROE) of 4 percent, a return on capital employed (ROCE) of 7.24 percent, and a debt-to-equity ratio of 0.87 percent.
Written by: Bharath K.S
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