Shares of Sapphire Foods India Limited, the company that operates KFC and Pizza Hut chains, rose sharply on Tuesday. Shares of Sapphire Foods rose more than 4 percent to Rs 1628.25 on the Bombay Stock Exchange on Tuesday. This rise in the shares of Sapphire Foods came after the announcement of the record date for stock split. The 52-week high level of Sapphire Foods shares is Rs 1878. At the same time, the 52-week low level of the company’s shares is Rs 1218.50.
The company is dividing its shares into 5 pieces
Sapphire Foods is dividing its shares into 5 pieces. The company is dividing its shares with a face value of Rs 10 into 5 shares with a face value of Rs 2. The company has fixed the record date for the stock split as 5 September 2024. In the June quarter of the current financial year, the company’s consolidated restaurant sales grew 10 percent year-on-year to Rs 716.5 crore. At the same time, the company’s operating profit grew 1 percent to Rs 124.2 crore.
The company’s shares have gained more than 20% in a year
Sapphire Foods India Limited shares have gained more than 20% in the last one year. The company’s shares were at Rs 1337.30 on 21 August 2023. Sapphire Foods shares have reached Rs 1628.25 on 20 August 2024. The company has added 13 KFC and 1 Pizza Hut restaurants in India in the first quarter of the current financial year. The total number of restaurants of Sapphire Foods has increased to 886. Sapphire Foods India Limited is the leading franchise operator of Yum Brands. It manages KFC, Pizza Hut and Taco Bell restaurants in India, Sri Lanka and Maldives. The company started in the year 2009 as Samarjit Advisors Private Limited. In the year 2015, it was rebranded as Sapphire Foods India Private Limited.
