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Pizza Hut India operator posts rise in quarterly profit
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Yahoo News Singapore - Latest News & Headlines
July 29 (Reuters) - Devyani International , the operator of KFC and Pizza Hut outlets in India posted a near four-fold increase in quarterly profit on Wednesday helped by stronger sales.
The company, a franchisee of U.S.-based Yum Brands, said consolidated net profit rose to 146.5 million rupees ($1.53 million) compared to 36.8 million rupees a year ago.
($1 = 95.7100 Indian rupees)(Reporting by Mridula Kumar in Bengaluru; Editing by Nivedita Bhattacharjee)