Sapphire Foods India Q3 FY26 Results & Amalgamation with Devyani International Approved
Sapphire Foods India reported Q3 FY26 revenue of ₹679.58 crore (standalone) and ₹813.83 crore (consolidated). The company incurred a net loss after tax of ₹10.90 crore (standalone) and ₹4.81 crore (consolidated). The Board approved the amalgamation of Sapphire Foods India with Devyani International, effective April 1, 2026.
The announcement involves the amalgamation of Sapphire Foods India Limited with Devyani International Limited, a major corporate restructuring that will significantly impact the company's structure, operations, and shareholder value.
The company reported a net loss for the quarter and nine months, which is a negative indicator. However, the approval of the amalgamation scheme with Devyani International is a significant positive development. These factors balance out, resulting in a neutral sentiment.
Sapphire Foods India Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company reported revenue from operations of ₹6,795.82 million for the quarter and ₹19,560.49 million for the nine months on a standalone basis. On a consolidated basis, revenue from operations was ₹8,138.29 million for the quarter and ₹23,330.94 million for the nine months.
The company reported a net loss after tax of ₹108.98 million for the quarter and ₹316.04 million for the nine months on a standalone basis. On a consolidated basis, the net loss after tax was ₹48.08 million for the quarter and ₹193.33 million for the nine months.
In a significant corporate development, the Board of Directors, in its meeting held on January 1, 2026, approved a scheme of arrangement for the amalgamation of Sapphire Foods India Limited with Devyani International Limited. This amalgamation is subject to necessary regulatory and statutory approvals. The effective date for the amalgamation is April 1, 2026. As consideration for the amalgamation, Devyani International Limited will issue 177 equity shares of ₹1 each for every 100 equity shares of ₹2 each held by Sapphire Foods India Limited shareholders.
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Sapphire Foods India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Sapphire Foods India Limited. Read the original for the full detail.