Under the share-swap ratio, Sapphire Foods shareholders will receive 177 shares of Devyani International for every 100 shares held in the former as of the record date, which will be announced later.
Promoter SFML will join the merger on the same terms as other Sapphire Foods shareholders after its planned 18.5 per cent stake sale to Arctic International was terminated
Devyani International, Sapphire Foods India, Jubilant FoodWorks were up 2-7% in Friday's trade.
Devyani International Ltd, one of the leading QSR operators, on Wednesday reported a multifold jump in net profit at Rs 17.1 crore for June quarter FY27. It had reported a net profit of Rs 2.22 crore for April-June FY26, according to a regulatory filing. DIL is the largest franchisee for Yum Brands' QSR chains - KFC and Pizza Hut in India. In addition, DIL is the sole franchisee for Costa Coffee, Tea Live, New York Fries and Sanook Kitchen in India. It also owns the South Indian vegetarian food QSR chain Vaango. Revenue from operations was up 16.47 per cent to Rs 1,580.51 crore in the June quarter of FY27. Total expenses were up 15.31 per cent in the June quarter to Rs 1,576.85 crore. Total income, which includes other income, was at Rs 15,997 crore, up 16.72 per cent in the quarter. Earlier this year, Sapphire Foods India and DIL, the two leading franchise operators of KFC and Pizza Hut announced a merger, through a share swap, which will create one of the largest chains in Indi
Devyani International and Sapphire Foods merger will take place through a share-swap mechanism. Under the share swap ratio, 177 shares of DIL will be issued for every 100 shares of Sapphire Foods.
The operator of KFC and Pizza Hut outlets in India reported a consolidated net loss of ₹10.04 crore ($1.05 million) compared to a loss of ₹14.74 crore a year ago
In the past one month, these stocks have underperformed the market by falling between 11 per cent and 13 per cent, as against 5 per cent decline in the BSE Sensex.
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Investment in Restaurants Development Co will help repay debt and fund expansion, with Devyani to hold 49% stake through subsidiary DID
LPG shortage triggered by Strait of Hormuz disruption is forcing QSR kitchens to shut or cut menus. Analysts say earnings may take a hit in Q4FY26 but advise investors not to panic
QSR and food delivery stocks, including Jubilant FoodWorks, Devyani International & Eternal fell as LPG shortage forced restaurants and hotels to shut kitchens across cities like Mumbai and Bengaluru