People walk past a store of the Kentucky Fried Chicken (KFC) fast food restaurant chain in Mumbai, India, February 9, 2022. REUTERS
Devyani International which operates Pizza Hut and KFC restaurants in India, reported a fall in first-quarter profit on Wednesday amid sluggish demand for fast food and higher costs.
The Yum Brands (YUM.N), franchisee posted a net profit of 36.9 million Indian rupees ($420,920.55) for the quarter ended June 30, compared with a profit of 301.06 million rupees a year earlier.
Reporting by Ananta Agarwal in Bengaluru; Editing by Harikrishnan Nair
