Moneycontrol PRO

Sapphire Foods India: Can it whet appetite for investors?

With the increase in scale (expected to reach a store count of 680 in FY23), SFL’s margins are expected to improve and the margin differential with the bigger players would narrow

November 23, 2021 / 03:03 PM IST
Sapphire Foods India: Can it whet appetite for investors?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Sapphire Foods India Ltd (SFL; CMP: Rs 1,216; Market Capitalisation: Rs 7,727 crore) saw a decent listing on bourses last week (considering the weak market sentiments), with the stock opening 11 percent above the issue price. The stock did go 17 percent above its issue price (intraday high) but weak market conditions (index closed about 1 percent down) saw it closing just 3 percent above the issue price. The Quick Service Restaurant (QSR) industry has recovered strongly in Q2FY22 (with revenues...

  • PRO Panorama

    Moneycontrol Pro Panorama | Is Omicron losing its sting? 

    Jan 20, 2022 / 04:08 PM IST

    In today’s edition of Moneycontrol Pro Panorama: ICICI Lombard makes the cut, the way forward for L&T Infotech, Budget Chart of the Day, Crypto Learn and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Advance GDP data show a K-shaped recovery

    Jan 8, 2022 / 09:21 AM IST

    The biggest takeaway from the advance estimates is the weakness in private consumption. For the second half of FY22, the growth in private consumption is expected to be a mere 1.8%

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers