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'Buy' Sapphire Foods Reiterates Motilal Oswal — Here's Why
Motilal Oswal reiterates Buy rating on Sapphire Foods with a target price of Rs 425 (premised on 30x Mar’27E Pre-Ind-AS EV/Ebitda).
11 Mar 2025, 10:07 AM IST 
Sapphire Foods' stock trades at 28x and 22x pre-Ind-AS EV/Ebitda for FY26E and FY27E, respectively.
(Source: William Boateng on Unsplash)
KFC's growth trajectory in India is expected to see a positive shift in FY26, following two years of same stores sales growth decline, aided by a favorable base effect. Starting from Q3 FY25, Sapphire Foods has intensified its focus on value offerings, introducing more products at the Rs 99 price point.
