Sapphire Foods India rises after smaller quarterly loss
Yesterday 09:59
BUZZ-Sapphire Foods India rises after smaller quarterly loss ** Shares of Sapphire Foods India SAPI.NS rise as much as 2.5% to 197.80 rupees
** Franchisee for US-based Yum Brands YUM.N posts Q2 consolidated net loss of 15 million rupees ($158,094.44), compared with a net loss of 127.7 million rupees a year earlier
** Co's Q2 revenue from operations rose 20% Y/Y to 8.88 billion rupees, with KFC posting its strongest growth in 16 quarters
** SAPI is rated "buy" on average by 18 analysts; median PT is 250 rupees - data compiled by LSEG
** Stock down 24.52% YTD
($1 = 94.8800 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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