BENGALURU (Reuters) - Indian shares are set to open lower on Wednesday, on weak global cues amid debt ceiling negotiations in the U.S., while analysts expect investors to book profits after a 5% rise in the benchmark Nifty 50 in the financial year 2024 so far. | 10:37pm
The company, which is the largest franchisee of Yum Brands in India, having Pizza Hut, KFC, and Costa Coffee, reported a net profit of Rs 75.93 crore in the January-March quarter a year ago.
Shares of Devyani International slipped 8.73% to Rs 166.25 against the previous close of Rs 182.15 on BSE. Market cap of the firm fell to Rs 20,980 crore.
Costa Coffee is upgrading its stores and has also launched a 360-degree campaign spanning out-of-home, print ads, digital, social media, and in-store consumer experiences