Name: Latest research reports of Sapphire Foods India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Sapphire Foods India Ltd.
Rating: 4
Author: ICICI Securities Limited

Sapphire Foods India Ltd.

NSE: SAPPHIRE | BSE: 543397 | ISIN: INE806T01020 | Industry: Restaurants
| Expensive Performer

316.9000 1.15 (0.36%)

NSE Apr 22, 2025 12:47 PM

Volume: 84,035

Sapphire Foods India Ltd.

02 Nov 2023

316.90

0.36%

KFC shining, Pizza Hut dimming

Accumulate: Sapphire Foods India Ltd.

Target

ICICI Securities Limited

2QFY24 revenue growth of 14% YoY was decent and largely driven by retail expansion (+24% YoY). Revenue performance in KFC has been strong; 19% YoY, flat SSSG despite additional month of vegetarian days, while it was weak for PH India; -20% YoY SSSG (vs -1% SSSG Dominos).

Sapphire Foods India Ltd. is trading below its 150 day SMA of 322.9