US-based quick service restaurant chain Yum Brands Inc on Thursday reported an over two-fold jump in system sales of KFC and Pizza Hut in the Indian market.
Investments in supply chain, technology and network expansion are key positives
The company witnessed around 90 per cent recovery in both April and May versus pre-COVID levels, despite dine-in being minimal
Robust store rollouts in the works; focus on dine-in and delivery
Month-on-month the business has been getting better, as the government relaxed restrictions
The QSR's stock tumbled 18 per cent from its fresh record high of Rs 219.15, hit on the BSE in Thursday's early morning trade
A 7% decline in same-store sales is twice that of Jubilant's
While it has launched with two veg-only pizza restaurants in Ahmedabad as part of its India foray, it plans to adapt its menu to the local market which may involve non-veg stores outside of Gujarat
Jubilant FoodWorks, Westlife post 6-9% same-store growth
Rebel Foods CEO and co-founder Jaydeep Barman is disrupting the 500-year-old restaurant industry, which he says hasn't changed at all
Jubilant FoodWorks saw its same-store sales growth (SSG) at nearly 5% in Q2
Analysts believe moderation in same-stores sales growth would impact operating profitability and return ratios
It was in Q4 that the two listed players, who run Domino's and McDonald's stores in India, respectively, first saw single-digit SSG in the 5-6 per cent range after five quarters of double-digit growth
Rising consumer preference for food delivery, store expansion, and product innovation should support profitable growth: Analysts