Devyani International posts Q4 loss of ₹49 cr amid rising expenses

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Devyani International posts Q4 loss of ₹49 cr amid rising expenses - Business Standard

Quick Summary:

(Reuters) -Devyani International, which operates KFC and Pizza Hut restaurants in India, posted a wider loss in the fourth quarter on Friday, as rising costs took a toll.

It booked an impairment charge of 135.7 million rupees but did not disclose any further details.

The company's expenses surged nearly 13.5% due to higher costs for key ingredients like cheese and palm oil, alongside a significant jump in employee costs.