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Economy News

The Economic Times

Economy / The Economic Times

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Devyani merger, new labour codes burn a hole in Sapphire Foods' earnings

Sapphire Foods reported a third-quarter loss. This was due to costs from new labor laws and a merger with Devyani International. KFC stores showed modest sales growth. Pizza Hut sales declined significantly. The company is adjusting its value offerings for KFC. The merger aims for long-term cost synergies. Competition in the QSR space remains intense.

6 Feb 2026 4:20 pm