The franchisee said consolidated net profit after tax fell to 223.7 million Indian rupees ($2.7 million) in the July-September quarter, from 315.4 million rupees a year ago.

Analysts were expecting a profit of 319.6 million rupees, according to LSEG data. ($1 = 83.1590 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Savio D'Souza)