The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, which were reviewed by the Audit Committee and accompanied by Limited Review Reports from the statutory auditors, M/s. Deloitte Haskins & Sells.
Consolidated Financial Results (Rs. in Million)
Income Statement for Q1 FY2027:
- Revenue from operations: ₹8,909.60 (vs. ₹7,768.28 in Q1 FY2026)
- Other income: ₹56.71 (vs. ₹67.80 in Q1 FY2026)
- Total income: ₹8,966.31 (vs. ₹7,836.08 in Q1 FY2026)
Expenses:
- Cost of materials consumed: ₹2,780.57
- Employee benefits expense: ₹1,153.45
- Finance costs: ₹319.31
- Depreciation and amortization: ₹973.62
- Other expenses: ₹3,577.69
- Total expenses: ₹8,804.64
Profitability:
- Profit before exceptional items and tax: ₹161.67 (vs. loss of ₹18.44 in Q1 FY2026)
- Exceptional items: Nil (vs. Nil in Q1 FY2026)
- Profit before tax: ₹161.67 (vs. loss of ₹18.44 in Q1 FY2026)
- Total tax expense: ₹21.45 (vs. tax credit of ₹1.06 in Q1 FY2026)
- Profit after tax: ₹140.22 (vs. loss of ₹17.38 in Q1 FY2026)
- Total comprehensive income: ₹50.08 (vs. loss of ₹48.97 in Q1 FY2026)
Per Share Data:
- Basic EPS: ₹0.44 (vs. loss of ₹0.06 in Q1 FY2026)
- Diluted EPS: ₹0.44 (vs. loss of ₹0.06 in Q1 FY2026)
- Paid-up equity share capital: ₹642.77 million (Face Value ₹2 per share)
Standalone Financial Results (Rs. in Million)
Income Statement for Q1 FY2027:
- Revenue from operations: ₹7,560.72 (vs. ₹6,603.95 in Q1 FY2026)
- Other income: ₹54.28 (vs. ₹63.66 in Q1 FY2026)
- Total income: ₹7,615.00 (vs. ₹6,667.61 in Q1 FY2026)
Expenses:
- Cost of materials consumed: ₹2,275.95
- Employee benefits expense: ₹899.41
- Finance costs: ₹297.17
- Depreciation and amortization: ₹861.26
- Other expenses: ₹3,137.89
- Total expenses: ₹7,471.68
Profitability:
- Profit before exceptional items and tax: ₹143.32 (vs. loss of ₹45.66 in Q1 FY2026)
- Exceptional items: Nil (vs. Nil in Q1 FY2026)
- Profit before tax: ₹143.32 (vs. loss of ₹45.66 in Q1 FY2026)
- Total tax expense: ₹14.65 (vs. tax credit of ₹11.62 in Q1 FY2026)
- Profit after tax: ₹128.67 (vs. loss of ₹34.04 in Q1 FY2026)
- Total comprehensive income: ₹118.59 (vs. loss of ₹43.87 in Q1 FY2026)
Per Share Data:
- Basic EPS: ₹0.40 (vs. loss of ₹0.11 in Q1 FY2026)
- Diluted EPS: ₹0.40 (vs. loss of ₹0.11 in Q1 FY2026)
- Paid-up equity share capital: ₹642.77 million (Face Value ₹2 per share)
Exceptional Items
No exceptional items were recorded in the current quarter. Previous quarter (Q4 FY2026) included:
- ₹65.69 million charge for scheme of arrangement (₹63.76 million for ESOP exercise period extension and ₹1.93 million for merger-related expenses)
- ₹62.27 million charge related to impact of four Labour Codes notified by Government of India on November 21, 2025
Corporate Developments
Amalgamation Scheme: The Board approved a scheme of arrangement with Devyani International Limited on January 1, 2026. Under the scheme, Sapphire Foods will amalgamate with Devyani International effective April 1, 2026 (Appointed Date). Shareholders of Sapphire Foods will receive 177 equity shares of Devyani International (face value ₹1 each) for every 100 equity shares of Sapphire Foods (face value ₹2 each).
Regulatory Approvals: The company has received 'no objection' from NSE and 'no adverse observations' from BSE for the scheme. The scheme remains subject to further regulatory/statutory approvals.
Registered Office Shift: The company successfully shifted its registered office from Maharashtra to Haryana. The Regional Director (Western Region) approved the shift on April 21, 2026, and ROC Haryana registered the new address (SCO 328, Sector - 9, Panchkula -134109, Haryana) on May 18, 2026.