KFC India operator Sapphire beats profit estimates as cheaper menu drives demand

Sapphire Foods India

06/02/2025 08:14

Feb 6 (Reuters) - Sapphire Foods India  SAPI.NS , which
operates Pizza Hut and KFC restaurants in the country, reported
a better-than-expected quarterly profit on Thursday, as its
cheaper food items helped boost demand from budget-conscious
consumers.
    The restaurant operator posted a profit of 119.8 million
rupees ($1.37 million) for the third quarter ended December 31,
up from a profit of 101.4 million rupees a year earlier.
    Analysts, on average, had expected a profit of 116.8 million
rupees, according to data compiled by LSEG.

($1 = 87.5750 Indian rupees)

 (Reporting by Praveen Paramasivam in Chennai; Editing by
Mrigank Dhaniwala)
 ((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))