KFC India operator Sapphire misses revenue estimates on sluggish demand
May 7 (Reuters) - Sapphire Foods India (SAPI.NS), opens new tab, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly revenue that missed estimates on Wednesday, as demand failed to pick up despite discounts.
The restaurant operator posted revenue from operations of 7.11 billion rupees ($83.98 million) for the fourth-quarter ended March 31, compared to 6.32 billion rupees a year earlier, according to a regulatory filing.
Analysts had expected 7.14 billion rupees, according to data compiled by LSEG.
($1 = 84.6600 Indian rupees)
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