Sapphire Foods Narrows Quarterly Loss on KFC Sales
Sapphire Foods India reported a smaller second quarter loss as discounted meal offers at KFC and Pizza Hut drove higher revenue. Operating revenue rose twenty percent to 8.88 billion rupees, though rising costs continued to weigh on margins.
Insights:
Sapphire Foods India narrowed its quarterly net loss to 15 million rupees ($158,169) during the September quarter as discount promotions drove demand. The KFC and Pizza Hut operator cut its loss from 127.7 million rupees a year earlier. The narrower loss highlights how aggressive meal deals are helping fast-food operators offset margin pressures from rising operational costs.
