ADVERTISEMENT

Sapphire Foods Analyst Meet Highlights - Ready To Double In Next Three To Four Years: IDBI Capital

Sapphire Foods Analyst Meet Highlights - Ready To Double In Next Three To Four Years: IDBI Capital

<div class="paragraphs"><p>Pedestrians walk past Yum! Brands Inc. Pizza Hut and KFC restaurants. (Photographer: Qilai Shen/Bloomberg)</p></div>
Pedestrians walk past Yum! Brands Inc. Pizza Hut and KFC restaurants. (Photographer: Qilai Shen/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

We attended analyst meet hosted by Sapphire Foods India Ltd. The company is aiming to double its store count in next three to four years.

Sapphire Foods has been able to successfully re-structure the franchisee prototype (with-respect-to store size; reduced by 50% to 1200 square feet) to improve business economics.

Currently, delivery (40% revenue) is largely dominated by food aggregators. However, management guides to develop strength in own-delivery-service.

Given, decision making on price hikes, raw material cost negotiations etc. are conducted jointly with Devyani International Ltd.; we expect Sapphire Foods to benefit from economy-of-scale advantages.

Click on the attachment to read the full report:

IDBI Capital SapphireFoods Analyst Meet Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.