KFC India operator
Devyani International reported its slowest quarterly
revenue growth since listing more than two years ago on Friday,
as consumers cut back their spending on pizzas and fried.
His total wealth has witnessed a growth of $5.89 billion (around Rs 42,231 crore), this year, placing him at the 139th position in the global billionaires' list.
"High inflation across industries and categories from a macro-economic perspective has led to a short-term impact on consumer sentiment and depressed consumer spending in the last few quarters," Chairman Ravi Kant Jaipuria said in a statement.
India s Devyani International reported a 43.2% fall in quarterly profit on Tuesday as a rise in raw material costs at the KFC and Pizza Hut operator overshadowed a bump in promotions-led demand.