Sapphire Foods stock soars 8% driven by heavy trading volumes

As of March 2024 Sapphire Foods India held a debt of Rs 1,160 crore, an increase of Rs 963 crore over one year.

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26 Aug, 2025 12:21

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Shares of Sapphire zoomed as much as 8 percent and hit a 52-week high of Rs 364.40 on September 5 driven by heavy trading volumes. As much as 18 lakh shares of the company changed hands on the exchanges so far, significantly higher than the one-month daily traded average of three lakh shares.

At 10.26 am, shares of Sapphire Foods were trading around 3 percent higher at Rs 346.40 on the NSE, despite coming off its 52-week high.

Meanwhile, the stock is also trading ex stock split, which likely triggered some profit booking in the counter from its day's high. The company had previously announced a one-for-five stock split at its 15th Annual General Meeting (AGM), marking its first ever corporate action, the record date for which was today.

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Aside from the gains today, the stock has delivered a rather muted performance in the past year, gaining just 18 percent. A major cause of worry about the company among investors is the high level of debt it holds.

As of March 2024 Sapphire Foods India held a debt of Rs 1,160 crore, an increase of Rs 963 crore over one year. While  it does have Rs 181 crore in cash that can offset some of this, but despite that the debt remains around Rs 983 crore.

Meanwhile, the Pizza Hut and KFC operator's consolidated net profit fell 68 percent year-on-year to Rs 8.52 crore in Q1 FY25. The Yum Brands franchisee's revenue from operations, however, rose 10 percent to Rs 718 crore.

The disappointing earnings was also triggered by headwinds faced by the QSR industry which continues to struggle with weakness in unit economics across dine-in and delivery formats.

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