Sapphire Foods

Its KFC and Pizza Hut operations are to be consolidated with Devyani International's under a unified Yum! India franchise through a merger scheme. [1] source: Financial Express Its KFC India business reported Q1 FY27 same-store sales growth of 5%. [2] source: ET Retail

Sapphire Foods India and Devyani International revised their merger scheme in August 2026. Sapphire Foods Mauritius and Arctic International had mutually terminated a planned secondary sale of about 18.5% of Sapphire Foods India's fully paid-up share capital. [3] source: Business Standard The agreed swap of 177 Devyani shares for every 100 Sapphire Foods India shares is unchanged. [3] source: Business Standard NDTV Profit reported that promoter holding in the merged entity falls to 41.99% from 61.37%. [4] source: NDTV Profit Sapphire Foods shares rose nearly 2% to ₹253.69 after the revised scheme was approved. [5] source: The Hindu BusinessLine In September 2026, Business Standard reported Tamil Nadu GST notices totalling ₹538.31 crore, comprising ₹516.84 crore and ₹21.47 crore. [6] source: Business Standard

Macquarie set a Sapphire Foods India target price of Rs 300 versus Rs 250, around 20% implied upside, in August 2026. [7] source: Financial Express Ankur Gupta, who spent around a decade at Sapphire Foods, was named head of procurement at Lenexis Foodworks in October 2026. [8] source: ET Hospitality