If one looks at its 5-year performance, then Sapphire Foods’ revenue has grown from Rs 957 crore in FY18 to Rs 2,266 crore in FY23 at a CAGR of 19%, with 12% operating margins. From a loss of Rs 41 crore in FY18, the company returned to black with a profitof Rs 233 crore in FY23.
Consumer stocks, particularly in the retail and quick-service restaurant (QSR) sectors, are gaining attention due to upcoming events like the World Cup and festivals. Footfalls in malls have improved, creating a captive audience for retailers and QSRs. Sapphire Foods and Jubilant Foods are seen as positive investments in this space. Price cuts in the pizza segment, driven by competition and the Cricket World Cup, are not seen as negative, as they can lead to increased consumption.
Stocks to buy today: Stock brokerages have come out with research reports on select stocks namely IGL, GNFC, Sapphire Foods India, and APL Apollo Tubes. Watch this Visual Story to see what brokerages said about these counters.