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KFC India operator Sapphire posts loss as consumers tighten spending

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KFC India operator Sapphire posts loss as consumers tighten spending

Jul 23, 2025 1:25 AM

July 23 (Reuters) - Sapphire Foods India,

which operates Pizza Hut and KFC ( YUM ) restaurants in the country,

reported a quarterly loss on Wednesday, as fast-food restaurant

chains face stiff competition from local cafes and online

kitchens.

The restaurant operator posted a net loss of 18 million

rupees ($208,345.39) for the first quarter ended June 30,

compared to a profit of 85.2 million rupees a year earlier,

according to a regulatory filing.

($1 = 86.3950 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Ananta Agarwal

in Bengaluru; Editing by Subhranshu Sahu)

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