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We attended analyst meet hosted by Sapphire Foods India Ltd. The company is aiming to double its store count in next three to four years.
Sapphire Foods has been able to successfully re-structure the franchisee prototype (with-respect-to store size; reduced by 50% to 1200 square feet) to improve business economics.
Currently, delivery (40% revenue) is largely dominated by food aggregators. However, management guides to develop strength in own-delivery-service.
Given, decision making on price hikes, raw material cost negotiations etc. are conducted jointly with Devyani International Ltd.; we expect Sapphire Foods to benefit from economy-of-scale advantages.
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