QSRs will benefit from India’s consumption growth,but health trends, competition and high capex keep investors cautious, say experts. Product innovation, operating leverage, and GST 2.0 benefits are the key drivers for margin expansion, they say.
Yum! Brands, the American owner of popular food chains KFC and Pizza Hut, is in talks to facilitate the merger of its two franchisee partners in India, Devyani International and Sapphire Foods, The Economic Times reported.
Shiju Pappen said during his initial days in Delhi he was earning Rs 5,000-6,000 per month for almost a year straight and struggling to make ends meet.
Sapphire Foods shares jumped over 12 percent, reaching a record high, fueled by heavy trading volumes and a significant transaction involving 8.5 lakh shares at Rs 355 per share.
The Yum Brands franchisee's consolidated net profit fell 68% to 85.2 million rupees ($1.02 million) for the quarter ended June 30. Analysts, on average, had expected a profit of 173.9 million rupees, according to LSEG data.
The Yum Brands YUM.N franchisee's consolidated net profit fell 98% to 23.9 million Indian rupees ($286,271.4) for the quarter ended March 31, marking its fourth straight quarterly profit fall
The AI wave is set to hit popular fast food chains like KFC, Pizza Hut. Yum Brands has big plans of integrating AI across its operations.
Pythons and water snakes are the popular varieties of snakes used to make this pizza.
'It is the duty of the seller to ensure that the food is in a deliverable condition and the seller cannot ask the consumers to bear the expenses,' the petitioner, a law student and Zomato customer said.
We remain bullish on the long-term growth prospects of the company, given the relative under-penetration of both the brands (KFC and Pizza Hut) in India.
Edelweiss Securities has upgraded its rating the KFC and Pizza Hut operator to 'buy’ from ‘hold’ with a target price of Rs 233
Sri Lanka has been going through its worst financial crisis and citizens of the island nation are struggling to secure common supplies such as fuel, food products and medicine.
The company that runs KFC and Pizza Hut in India may take on two more brands as is gears up to be a restaurant operator platform.
Pizza Hut competes with Domino’s Pizza, whose master franchisee is Jubilant FoodWorks.
One of the fastest growing QSRs in India, Devyani International is reaping the benefits of restructuring of business model, leading to the company posting a profit in FY22 after a long gap. Should you invest? Watch the video to find out
SFIL has aggressive store expansion plans and can scale up margins significantly as borne out by its Q3. This is seen as a key re-rating trigger
Sapphire Foods had a decent listing on the bourses last week. MC Pro expects to see improvement in margins and expects SFL to turn profitable in FY23. Here's why investors with a long-term view should add SFL shares to their portfolio.
The QSR launched its 500th store in India today and is eyeing a larger presence in the tier II and III towns of the country.
The listing plans of Devyani International were first reported by Moneycontrol on February 19, 2021. The firm, which is likely to list on 16th August, 2021 is an arm of diversified conglomerate RJ Corp, the largest bottler for Pepsi Co in India and it also counts Yum! Brands, the second-largest QSR (quick-service restaurant) company in the world, and Singapore’s Temasek as investors.
The overall market size of the food services industry is expected to have declined by 40-50 percent in FY21 due to the global outbreak of COVID-19 and subsequent imposition of restrictions in the country.
Earlier the company was criticized in Israel after an ad that allegedly mocked Palestinian activists who were carrying hunger strikes inside prisons
KFC made the announcement about the partnership with Huawei in a post on its Weibo account on Friday. An accompanying video on KFC's Weibo account highlighted how far both brands had come since their humble beginnings when they first opened for business in 1987.
KFC, also from Yum Brands, has reported a growth of two per cent in system sales during the January-March period.
Pizza Hut considers India to be one of its most important markets and plans to double its store count to over 700 in the next five years, riding the wave of growing popularity of western fast-food in the country, a senior company executive said.