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KFC India operator Devyani reports lower quarterly profit as costs rise

Aug 13 (Reuters) - Devyani International DEVY.NS, which operates Pizza Hut and KFC restaurants in India, reported a fall in first-quarter profit on Wednesday amid sluggish demand for fast food and higher costs.

The Yum Brands YUM.N franchisee posted a net profit of 36.9 million Indian rupees ($420,920.55) for the quarter ended June 30, compared with a profit of 301.06 million rupees a year earlier.

($1 = 87.6650 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru; Editing by Harikrishnan Nair)

 ((Ananta.agarwal@thomsonreuters.com;))

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