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April 22, 2026
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Sapphire Foods Swings to Q3 Loss on One-Time Labour Code Charge Despite Higher Revenue

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Sapphire Foods, the operator of KFC and Pizza Hut outlets in India, reported a third-quarter net loss after taking a one-time charge related to the country’s new labour codes, even as revenue continued to grow. The franchisee of U.S.-based Yum Brands posted a consolidated net loss of 47.90 million rupees for the quarter ended December […]Continue Reading
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Devyani Shares Jump After $934 Million Merger With Sapphire Foods

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Shares of Devyani International, the Indian operator of KFC and Pizza Hut, surged up to 8.3% after it announced a long-awaited $934 million merger with rival Sapphire Foods. The deal creates one of India’s largest fast-food operators, positioning the combined entity as a strong challenger to market leader Jubilant Foodworks, which runs Domino’s Pizza in […]Continue Reading

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