Sapphire Foods India Ltd, established in 2015 and headquartered in Mumbai, is a key player in the Quick Service Restaurant (QSR) industry in the Indian subcontinent. As one of Yum! Brands Inc.’s largest franchisees, it operates over 800 KFC, Pizza Hut, and Taco Bell outlets across India, Sri Lanka, and the Maldives. The company focuses on excellence, integrity, and customer satisfaction, delivering great food and experiences at value-driven prices.
With a strong emphasis on innovation and operational efficiency, Sapphire Foods adapts to evolving consumer needs through digital solutions and diverse offerings. Its commitment to inclusivity and growth fosters a positive workplace culture, while its localized strategies and global brand appeal make it a leader in the region’s QSR landscape.
Latest News on Sapphire Foods India
Sapphire Foods India Ltd has recently received a demand order from the Deputy Commissioner of Commercial Taxes in Bengaluru, Karnataka. The order amounts to ₹81.45 lakh, which includes interest and penalties. This development pertains to a tax-related issue, and the company is currently assessing the details of the order. Sapphire Foods has indicated its intention to challenge the demand at the appropriate appellate forums, reflecting its commitment to addressing the matter through due legal processes.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 41.69% | 31.30% | 30.84% | 30.82% | 26.19% |
| FIIs + | 23.65% | 29.98% | 29.95% | 31.53% | 31.46% |
| DIIs + | 28.04% | 31.69% | 32.39% | 31.46% | 37.11% |
| Public + | 6.63% | 7.04% | 6.82% | 6.21% | 5.23% |
| No. of Shareholders | 53,845 | 51,840 | 53,150 | 51,602 | 54,062 |
The shareholding pattern of Sapphire Foods India Ltd has experienced significant changes from September 2023 to September 2024. Promoters’ holdings saw a sharp decline from 41.69% to 26.19%, while Foreign Institutional Investors (FIIs) increased their stake from 23.65% to 31.46%. Similarly, Domestic Institutional Investors (DIIs) raised their shareholding substantially, growing from 28.04% to 37.11%. In contrast, public shareholding declined from 6.63% to 5.23% during the same period. Despite these shifts, the number of shareholders remained relatively stable, with minor fluctuations, reaching 54,062 by September 2024. This reflects dynamic investor interest and shifting confidence in Sapphire Foods India.
Below are the trading platforms that you can use to purchase Sapphire Foods India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2025 | 358.59 | 275.84 |
| March 2025 | 366.12 | 281.63 |
| April 2025 | 362.49 | 278.84 |
| May 2025 | 351.94 | 270.72 |
| June 2025 | 367.77 | 282.90 |
| July 2025 | 360.56 | 277.36 |
| August 2025 | 371.71 | 285.93 |
| September 2025 | 376.17 | 289.36 |
| October 2025 | 385.95 | 296.89 |
| November 2025 | 395.60 | 304.31 |
| December 2025 | 413.41 | 318.00 |
As we go ahead in 2025, the share prices of Sapphire Foods India are expected to exhibit significant variations. In February, the maximum price is projected to reach ₹358.59, while the minimum could be around ₹275.84. By December, the maximum price is anticipated to rise to ₹413.41, with the minimum at ₹318.00.
| When | Maximum Price | Minimum Price |
| January 2026 | 425.81 | 327.54 |
| February 2026 | 415.16 | 319.36 |
| March 2026 | 423.47 | 325.74 |
| April 2026 | 432.11 | 332.39 |
| May 2026 | 427.83 | 329.10 |
| June 2026 | 438.53 | 337.33 |
| July 2026 | 429.93 | 330.71 |
| August 2026 | 443.22 | 340.94 |
| September 2026 | 452.09 | 347.76 |
| October 2026 | 463.84 | 356.80 |
| November 2026 | 475.44 | 365.72 |
| December 2026 | 487.32 | 374.87 |
As we move through 2026, the share prices of Sapphire Foods India are projected to demonstrate a steady upward trend. In January, the maximum price is expected to reach ₹425.81, with a minimum of ₹327.54. By December, the prices are anticipated to climb further, with a maximum of ₹487.32 and a minimum of ₹374.87.
| When | Maximum Price | Minimum Price |
| January 2027 | 492.20 | 378.61 |
| February 2027 | 504.82 | 388.32 |
| March 2027 | 524.51 | 403.47 |
| April 2027 | 514.22 | 395.56 |
| May 2027 | 499.24 | 384.03 |
| June 2027 | 521.71 | 401.32 |
| July 2027 | 511.48 | 393.45 |
| August 2027 | 527.30 | 405.62 |
| September 2027 | 545.76 | 419.81 |
| October 2027 | 559.94 | 430.73 |
| November 2027 | 573.94 | 441.50 |
| December 2027 | 588.29 | 452.53 |
| When | Maximum Price | Minimum Price |
| January 2028 | 600.06 | 461.58 |
| February 2028 | 615.44 | 473.42 |
| March 2028 | 639.45 | 491.88 |
| April 2028 | 626.91 | 482.24 |
| May 2028 | 608.65 | 468.19 |
| June 2028 | 636.04 | 489.26 |
| July 2028 | 623.57 | 479.67 |
| August 2028 | 642.85 | 494.50 |
| September 2028 | 665.35 | 511.81 |
| October 2028 | 682.65 | 525.12 |
| November 2028 | 699.72 | 538.24 |
| December 2028 | 717.21 | 551.70 |
| When | Maximum Price | Minimum Price |
| January 2029 | 731.55 | 562.73 |
| February 2029 | 750.31 | 577.16 |
| March 2029 | 779.57 | 599.67 |
| April 2029 | 764.29 | 587.91 |
| May 2029 | 742.03 | 570.79 |
| June 2029 | 775.42 | 596.48 |
| July 2029 | 760.21 | 584.78 |
| August 2029 | 783.73 | 602.87 |
| September 2029 | 811.16 | 623.97 |
| October 2029 | 832.25 | 640.19 |
| November 2029 | 853.05 | 656.19 |
| December 2029 | 874.38 | 672.60 |
| When | Maximum Price | Minimum Price |
| January 2030 | 891.87 | 686.05 |
| February 2030 | 914.74 | 703.64 |
| March 2030 | 950.41 | 731.08 |
| April 2030 | 931.77 | 716.75 |
| May 2030 | 904.64 | 695.87 |
| June 2030 | 945.34 | 727.19 |
| July 2030 | 926.81 | 712.93 |
| August 2030 | 955.47 | 734.98 |
| September 2030 | 988.91 | 760.70 |
| October 2030 | 1,014.63 | 780.48 |
| November 2030 | 1,039.99 | 799.99 |
| December 2030 | 1,065.99 | 819.99 |
As we enter 2030, the share prices of Sapphire Foods India are anticipated to display significant growth. In January, the maximum price is projected to be ₹891.87, with a minimum of ₹686.05. Progressing through the year, these prices are expected to rise steadily, reaching ₹1,065.99 as the maximum and ₹819.99 as the minimum by December. This positive trajectory highlights a promising outlook for Sapphire Foods India in 2030.
Financial Condition of Sapphire Foods India
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,340 | 1,020 | 1,722 | 2,266 | 2,594 | 2,711 |
| Expenses + | 1,155 | 894 | 1,417 | 1,836 | 2,132 | 2,250 |
| Operating Profit | 186 | 125 | 305 | 430 | 462 | 461 |
| OPM % | 14% | 12% | 18% | 19% | 18% | 17% |
| Other Income + | -83 | 61 | 38 | 30 | 33 | 21 |
| Interest | 72 | 76 | 78 | 87 | 101 | 108 |
| Depreciation | 191 | 209 | 214 | 264 | 324 | 353 |
| Profit before tax | -161 | -99 | 51 | 108 | 70 | 21 |
| Tax % | -1% | 1% | 11% | -115% | 26% | |
| Net Profit + | -159 | -100 | 46 | 233 | 52 | 14 |
| EPS in Rs | -6.27 | -3.73 | 1.46 | 7.35 | 1.66 | 0.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
The financial performance of Sapphire Foods India from March 2020 to March 2024 highlights steady sales growth, rising from ₹1,340 crore to ₹2,594 crore, with the TTM reaching ₹2,711 crore. This growth demonstrates the company’s expanding footprint in the Quick Service Restaurant (QSR) sector. However, expenses also rose significantly, from ₹1,155 crore in March 2020 to ₹2,132 crore in March 2024, reflecting increased operational scale and costs.
Operating profit showed strong improvement, growing from ₹186 crore in March 2020 to ₹462 crore in March 2024, with OPM% peaking at 19% in March 2023 before moderating to 17% in the TTM. Rising interest and depreciation expenses, however, have pressured profitability, despite operational efficiencies.
Net profit turned positive in March 2022 with ₹46 crore and peaked at ₹233 crore in March 2023 before dropping to ₹52 crore in March 2024 and ₹14 crore in the TTM. The absence of dividend payouts indicates Sapphire Foods India’s strategy to reinvest profits for future growth in a competitive industry.
FAQS
As of January 20th, 2025, the share price of Sapphire Foods India is around ₹316.
Based on various market analyses and expert opinions, the expected share price target of Sapphire Foods India by 2025 is around INR 413.41.
As per our analysis, Sapphire Foods India share price target for 2030 would be somewhere between ₹686.05 and ₹1,065.99.
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Conclusion
Sapphire Foods India Ltd has showcased commendable growth in the competitive Quick Service Restaurant (QSR) sector, with its expanding sales, healthy operating margins, and strategic adaptability driving its success. Despite challenges like rising expenses and recent tax-related developments, the company’s proactive legal approach and focus on operational efficiency underline its resilience. With a strong market presence, innovative strategies, and a commitment to compliance, Sapphire Foods is well-poised for sustained growth and value creation, reinforcing its position as a key player in the region.
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