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Sapphire Foods swings to quarterly loss as costs weigh on KFC and Pizza Hut operator
Sapphire Foods, the Indian operator of KFC and Pizza Hut, reported a consolidated net loss of 126.1 million rupees ($1.33 million) for the fourth quarter. This marks a significant swing from a profit in the same period last year, indicating that rising costs are heavily impacting the restaurant operator’s financial performance. The results highlight a challenging fiscal year-end for one of India’s largest restaurant operators.