HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Operations > Kitchen, Bakery

Pizza Hut, KFC see 18% top line growth in Oct-Dec quarter

Friday, February 9, 2018, 15:00 Hrs  [IST]

According to a Business Standard report, fast-food major Yum! Brands which operates Pizza Hut and KFC restaurants in India, saw strong sales growth for the sixth straight quarter (October-December), pointing to recovery in food services. This is also the highest growth in six quarters for the two brands, indicating that their turnaround is on track, analysts tracking the market said. For the October December period, both KFC and Pizza Hut reported a system sales growth rate of 18% for India, the quarterly results declared by Yum! Brands on Thursday show. 

System sales growth is industry parlance for overall top line growth. Yum did not disclose same-store sales growth (SSG), which is basically sales growth for stores of one year and above, specifically for India. At an overall level, however, Yum! did give a sense of same-store sales growth for the December quarter, saying international emerging markets (which includes India) saw same-store sales growth of 5% for KFC. For developed markets (excluding the US), same-store sales growth was 3% for KFC, the company said. 

In Pizza Hut's case, fourth quarter SSG grew 1% in emerging markets and declined 1% in developed markets (excluding the US), the company said. Yum! Brands is the third food service major in India after Jubilant FoodWorks, the operator of Domino's Pizza and Dunkin Donuts, and Westlife Development, which runs McDonald's stores in west and south India, to report a good set of numbers in the December quarter. SSG for Jubilant FoodWorks came in at 17.8% for the December quarter, highest in nearly five years. Westlife Development, on the other hand, reported SSG of 20.7% in the December quarter, the highest in the domestic fast-food space. This was its 10th consecutive quarter of SSG growth. 

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
  H&R Johnson opens sixth Experience Store in India to service Customers, Architects & Designers as a one-stop-shop
  Conrad Maldives Rangali Island Announces Opening of The Muraka, World’s First-of-its-Kind Residence
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
PATA Adventure Travel & Responsible Tourism conference & Mart, 2019
February 13-15, Ganga Resort Rishikesh, Uttarakhand

AAHAR International Food & Hospitality Fair 2019
March 12-16, Pargati Maidan, New Delhi

Hotel Investment Conference South Asia (HICSA)
April 3 - 4, Grand Hyatt, Mumbai

© Copyright 2016 Saffron Synergies Pvt Ltd