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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