Devyani International’s Second-Quarter Loss Narrows on Strong Same-Store Sales
The KFC and Pizza Hut operator said strong same-store sales growth at KFC outlets offset higher raw material costs. Its shares rose as much as 5.8%.
Devyani International NSE:DEVYANI, the operator of KFC and Pizza Hut in India, said on Monday its second-quarter loss narrowed sharply, as strong same-store sales growth at KFC outlets offset higher raw material costs, sending its shares up as much as 5.8%.The company, a franchisee of US-based Yum…