India's Sapphire Foods falls on reporting Q1 loss

Sapphire Foods India

23/07/2025 09:30

** Sapphire Foods SAPI.NS, which operates KFC and Pizza Hut restaurants in India, falls as much as 4.5% to 320.25 rupees

** Yum Brands YUM.N franchisee reports Q1 loss of 18 mln rupees ($208,345.39) vs year-ago profit of 85.2 mln rupees on higher costs, stiff competition

** Q1 expenses rise 10.4% y/y due to higher costs of raw material and labour, outstripping 8.1% rise in revenue

** Same store sales flat at KFC y/y; down 8% at Pizza Hut

** SAPI last down 1.4%; stock flat YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))