India's Sapphire Foods falls on reporting Q1 loss

Sapphire Foods SAPI.NS, which operates KFC and Pizza Hut restaurants in India, falls as much as 4.5% to 320.25 rupees

Yum Brands YUM.N franchisee reports Q1 loss of 18 mln rupees ($208,345.39) vs year-ago profit of 85.2 mln rupees on higher costs, stiff competition

Q1 expenses rise 10.4% y/y due to higher costs of raw material and labour, outstripping 8.1% rise in revenue

Same store sales flat at KFC y/y; down 8% at Pizza Hut

SAPI last down 1.4%; stock flat YTD