Tag: pizza hut india

BENGALURU/CHENNAI: Sapphire Foods India, a domestic operator of Pizza Hut restaurants, on Thursday reported a bigger-than-expected fall in quarterly profit on sluggish demand for pizzas and said it is "cautious" about opening more outlets. The Yum Brandsfranchisee's net profit fell 43% to 153.4 million rupees ($1.84 million) for the quarter ended September 30.Analysts, on average, were expecting 181.9 million rupees, according to LSEG data. Demand for pizzas has been sluggish over the last few quarters, with major companies pushing up prices in line with higher cheese and vegetable...