India s Devyani International reported an 84% slump in its quarterly profit on Friday as the domestic operator of Pizza Hut and KFC restaurants was swamped by higher expenses and tepid currency in.
Nifty futures on the Nifty International Exchange traded 24.5 points, or 0.12 per cent, lower at 19,777.50, hinting at a negative start for the domestic market on Wednesday.
Q1 earnings today: Major companies like Adani Wilmar, Titan, Ambuja, Indigo, Aditya Birla Capital, Ambuja, Godrej, HPCL, and others are set to announce their June quarter earnings on Wednesday
India is reeling under rising prices of essentials as monsoon rains have disrupted supplies, with companies including Domino s flagship inflation-buster 49-rupee pizza being "re-engineered" by cutting price - and tomatoes - from its earlier cheapest offering of 59 rupees.