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 5 percent in the day’s trade upon announcing a split of equity shares of the company in the ratio of 1:5.
With a Market capitalization of Rs. 10,178 Crores, the shares of Sapphire Foods India Limited were trading at Rs. 1,598 per equity share, up 2.6 percent from its previous day’s close price of Rs. 1,557.50.
The Board of Directors of Sapphire Foods India Limited has considered and approved the sub-division/split of equity shares of the company in the ratio of 1:5 where one equity share of the company with a face value of Rs. 10 will be split into 5 equity shares with a face value of Rs. 2.
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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