Sapphire Foods India Ltd, which operates Pizza Hut franchises in the country, saw its shares rise 4.18% to Rs 336.65 on Wednesday. The stock gained Rs 13.50 from its previous close of Rs 323.15, with intraday movement between Rs 321.05 and Rs 334.50. The company’s market capitalization now stands at Rs 10,722 crore.
GST exemption benefits pizza chains
As part of the revised Goods and Services Tax (GST) framework effective September 22, 2025, pizza bread has been moved from the 5% tax bracket to nil. This change directly reduces costs for quick-service restaurants (QSRs) like Pizza Hut and Domino’s, potentially translating into cheaper menu offerings for consumers and improved operating margins for franchise operators.
Stock details and performance
Sapphire Foods’ stock has a 52-week range between Rs 275.80 and Rs 401.00. The company has an average trading volume of 236,170 shares. It trades at a high P/E ratio of 1,262.84, reflecting market expectations around growth in the QSR space.
The GST exemption on pizza bread has lifted sentiment for QSR players, with Jubilant FoodWorks (Domino’s operator) and Sapphire Foods (Pizza Hut operator) both seeing gains in trade following the announcement.
