Key Points
BENGALURU, Aug 2 (Reuters) - Sapphire Foods India (SAPI.NS), the domestic operator of KFC and Pizza Hut restaurants, reported lower-than-expected first-quarter profit on Wednesday, as mounting costs outpaced a growth in revenue...
The company's net profit stood at 249.4 million rupees ($3.02 million) in the quarter ended June 30, compared to 382.7 million rupees a year earlier, the U.S.-based Yum Brands' franchisee said in an exchange filing...
For the quarter, same-store sales at Sapphire Foods' Pizza Hut restaurants fell 9%, while the company's KFC business reported a flat same-store sales growth.. run by Jubilant Foodworks (JUBI.NS), reported a 74% fall in quarterly profit as it grappled with higher costs, while Westlife Foodworld (WEST.NS), which runs McDonald's (MCD.N) stores in West and South India, reported a smaller-than-expected rise in profit.. Shares in Sapphire, which operates over 700 restaurants across India, Sri Lanka and Maldives, fell as much as 3.5% after the results...
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