|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,356 INR | -1.63% |
|
-8.27% | -4.55% |
| Apr. 24 | New outlets, cheaper options fail to revive fast-food earnings in India | RE |
| Feb. 27 | Indian state to inspect global fast-food chains after McDonald's cheese crackdown | RE |
BENGALURU (Reuters) - Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, reported a bigger-than-expected fall in quarterly profit on Friday, hurt by domestic competition and as inflation-weary consumers cut back spending on fast food.
The Yum Brands franchisee's consolidated net profit fell nearly 69% to 101.4 million rupees ($1.22 million) for the quarter ended Dec. 31, marking its third consecutive fall in profit.
Analysts, on average, had expected a profit of 239.6 million rupees, according to LSEG data.
($1 = 82.9700 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sonia Cheema)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 2,686 PTS | +0.86% | +0.34% | - | ||
| 1,356 INR | -1.63% | -8.27% | 1.04B | ||
| 141.8 USD | +0.15% | +2.36% | 39.89B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -4.55% | 1.04B | |
| +39.35% | 87.54B | |
| +8.50% | 39.89B | |
| -5.41% | 23.95B | |
| -5.52% | 23.36B | |
| +21.07% | 17.38B | |
| -6.55% | 15.49B | |
| +49.10% | 11.24B | |
| +4.47% | 7.5B | |
| +12.44% | 5.8B |
SAPPHIRE FOODS INDIA LIMITED 
