BusinessPhoto: Business StandardDevyani International Q2 Loss Narrows to ₹24 Lakh on KFC Sales Growth
Devyani International, operator of KFC and Pizza Hut in India, reported a sharp narrowing of its Q2 net loss to ₹24 lakh from ₹21.89 crore a year ago. Strong same-store sales growth of 4.4% at KFC outlets offset higher raw material costs. Revenue rose 10.4% to ₹15.19 billion, while expenses increased 8.3%. The company faced inflation and competitive pressures but saw shares rise up to 5.8%.
Business Standard·




