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KFC operator Devyani International profit slumps on expenses, weak currency  India's Devyani International reported an 84% slump in its quarterly profit on Friday as the domestic operator of Pizza Hut and KFC restaurants was swamped by higher expenses and tepid currency in key market Nigeria. Consolidated net profit fell to 117.6 million rupees ($1.42 million) for the first quarter ended June 30, from 738.5 million rupees in the year-ago period, according to an exchange filing. Devyani said it took a one-off hit of 473.3 million rupees during the repor...
KFC operator Devyani International profit slumps on expenses, weak currency
KFC operator Devyani International profit slumps on expenses, weak currency
Source: Reuters
4/08/2023 2:55:21 PM
Shri Bajrang Alliance zooms on forming partnership with KFC of Yum Brands Shri Bajrang Alliance is currently trading at Rs. 253.10, up by 28.40 points or 12.64% from its previous closing of Rs. 224.70 on the BSE. The scrip opened at Rs. 220.00 and has touched a high and low of Rs. 269.00 and Rs. 220.00 respectively. So far 76057 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 280.00 on 08-Sep-2022 and a 52 week low of Rs. 131.20 on 15-Feb-2023. Last one week high and low of the scrip...
Shri Bajrang Alliance zooms on forming partnership with KFC of Yum Brands
Shri Bajrang Alliance zooms on forming partnership with KFC of Yum Brands
Source: Accord Fintech
13/07/2023 12:55:13 PM
Leading state owned financial institution KFC's profit quadruples Leading state owned financial institution, Kerala Financial Corporation (KFC), has quadrupled its net profit for the financial year that ended on March 31. As per the audited financials, KFC posted a net profit after tax of Rs 50.19 crore as against Rs 13.20 crore in the year ended 2022. The loan portfolio stands at Rs 6,529.40 crore against last year's figure of Rs 4,750.71 crore, recording a growth of 37.44 per cent. Incidentally this is the first time that the KFC crossed Rs 5...
Leading state owned financial institution KFC's profit quadruples
Leading state owned financial institution KFC's profit quadruples
Source: IANS
7/06/2023 2:45:56 PM
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown India's Devyani International Ltd on Wednesday reported a 21% slump in fourth-quarter profit as the KFC restaurant operator saw a jump in expenses and inflation-hit consumers cut back spending on fast food. Consolidated net profit fell to 607.2 million rupees ($7.4 million) for the quarter ended March 31, the local franchisee of U.S.-based Yum Brands said in an exchange filing. Consumers in the world's most populous country have been slammed by high prices of daily essentials fr...
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
Source: Reuters
17/05/2023 1:45:48 PM
KFC operator Sapphire Foods India's Q4 profit halves on higher costs Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, reported a 57% decline in fourth-quarter earnings on Friday, on higher expenses and stiff competition at a time when people also cut back on discretionary spending. The company's profit before tax fell to 122.8 million Indian rupees ($1.50 million) in the quarter ended March 31 from 285.9 million rupees a year earlier, the U.S.-based Yum Brands' franchisee said in an exchange filing. Consumers in the world'...
KFC operator Sapphire Foods India's Q4 profit halves on higher costs
KFC operator Sapphire Foods India's Q4 profit halves on higher costs
Source: Reuters
12/05/2023 3:30:21 PM
I don't believe in any kind of trends in general: Ananya Panday KFC India and Nestle have partnered to create the KFC Popcorn Bowl, made with Maggi. To make the one, the only, the crunchiest and slurpiest combination of KFC's trademark Chicken Popcorn and Maggi noodles in one ideal bowl, the two renowned companies have teamed together! This limited-edition bowl of happiness combines hot, steaming, delectably masala-flavoured, and unbelievably slurpable Maggi noodles with flavourful Chicken Popcorn, which is tender on the inside but unbelievably crispy...
I don't believe in any kind of trends in general: Ananya Panday
I don't believe in any kind of trends in general: Ananya Panday
Source: IANS
26/11/2022 5:49:47 PM
Retail Sector : Slight EBITDA miss due to RM inflation; Topline growth remained robust : Emkay Global Financial Services For QSRs, Q2FY23 EBITDA was marginally lower by 2-7% vs. street’s expectations, except WLDL, which delivered 6% beat to EBITDA estimates. The miss was primarily driven by elevated wheat/cheese prices, which led to a 100-300bps decline in gross margins across KFC/PH/Domino’s formats. Positive surprise for WLDL was driven by best-in-class SSG performance, as annualized revenue/store grew by ~37% over FY20 (vs. 2-18% for other QSRs). Palm oil prices have moderated, while wheat/cheese...
Retail Sector : Slight EBITDA miss due to RM inflation; Topline growth remained robust : Emkay Global Financial Services
Retail Sector : Slight EBITDA miss due to RM inflation; Topline growth remained robust : Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
23/11/2022 3:15:00 PM
Kerala Financial Corporation to lend up to Rs 2 cr to MSMEs at 5% interest The Kerala Financial Corporation (KFC), a leading Kerala government-owned financial institution, has raised the upper loan limit under the CM's Entrepreneurship Development Programme to Rs two crore and the micro, small and medium enterprises (MSME) in the state will get loans at five per cent interest. The Kerala government will provide a subsidy of three per cent with KFC chipping in with two per cent to make the interest rate five per cent. The KFC has so far assisted 2,122 units...
Kerala Financial Corporation to lend up to Rs 2 cr to MSMEs at 5% interest
Kerala Financial Corporation to lend up to Rs 2 cr to MSMEs at 5% interest
Source: IANS
27/06/2022 4:24:56 PM
Indian non-banking finance sector's profit to be stable: Fitch Ratings Improving credit growth, decreasing asset-quality risks will be the character of Indian non-banking financial institutions (NBFI) during FY23, said Fitch Ratings on Monday. According to the credit rating agency, this status should support NBFI's performance amid a broadening economic recovery, although certain segments could still be vulnerable to higher-than-expected inflation. Fitch revised the Outlook on India's 'BBB-' sovereign rating to Stable from Negative in June ...
Indian non-banking finance sector's profit to be stable: Fitch Ratings
Indian non-banking finance sector's profit to be stable: Fitch Ratings
Source: IANS
27/06/2022 1:19:30 PM