Jubilant Foodworks is expected to report a more than 50% decline in net profit at INR54.7 crore for Q4 2022, with sales rising by a meagre INR1,175 crore. Reports forecast a 9-10% like-for-like decline across QSR brands, while Kotak Institutional Equities predicts a 12-13% decline in average revenue per store due to store splits and subdued demand. Meanwhile, Devyani International’s net profit is expected to halve to INR37.8 crore in March Q4, with sales rising around 26% to INR746 crore, with KFC expected to report low single-digit sames-store sales growth while Pizza Hut experiences a mid-single digit decline.
Anthropic gears up for Wall Street debut: Five things investors need to know
Anthropic is preparing for a potential major Wall Street debut, fueled by rapid growth in AI coding through Claude Code. However, massive cash requirements, heavy