PIZZA HUT FRANCHISE
Food delivery, quick commerce take a bite out of QSR sales: brokerage reports
For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, down from 18% a year ago, while both same-store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.
Devyani International Q4 results: Company reports a loss of Rs 49 crore; revenue rises by 38% YoY
Devyani International, India's largest Pizza Hut and KFC franchise, saw a net loss of Rs 49 crore for Q4 FY24, contrasting with a Rs 60 crore profit a year prior. Therevenue rose 38% while expenses surged by 32%.
Sapphire Foods Q4 Results: Pizza Hut India operator misses profit view on slow demand
The Yum Brands franchisee's consolidated net profit fell 98% to 23.9 million Indian rupees ($286,271.4) for the quarter ended March 31, from 1.36 billion rupees a year ago.
Hunger games: Investors at the table with appetite for food startups
Pizza Wings, Boba Bhai in funding talks as HNIs, angels and other backers show interest
California minimum wage spike initiates Pizza Hut franchise workforce cuts and delivery alterations
Pizza Hut franchises in various California counties anticipate a $20 hourly minimum wage hike by 2024, foreseeing substantial job cuts, affecting around 2,000 workers across regions. This shift also marks the end of in-house delivery, redirecting services to Uber Eats or DoorDash. Franchise autonomy is stressed, promising continued service quality via Pizza Hut's app and website. Yum! Brands, Pizza Hut's owner, supports accessible delivery. The pending wage law change prompts concerns among fast-food giants like McDonald's and Chipotle.
Domino's gaining share from local rivals, says CEO Russell Weiner
"A large, fragmented category offers significant growth opportunity," Russell said in a presentation during the company's Global Investor Day on Thursday. Acknowledging the rise of regional rivals across all its markets worldwide, Domino's noted in its presentation, "We will get more customers through a value strategy." In India as well as globally, Domino's has been introducing more value meals and increasing consumer promotions as strategies to fend off emerging regional pizza brands.
- Go To Page 1
Snake pizza in Pizza Hut: Ingredients, where to buy - all you may want to know
Snake pizza, which is being sold by Pizza Hut and long-established restaurant in Hong Kong, has generated quite a buzz.
Pizza's long journey in India
Himalayan Gourmet, a Peace Corps cookbook for Nepal has a pizza recipe with four ingredients: 'Any white bread recipe, Pizza sauce, Toppings, and Grated cheese'. It also suggests: "If you don't have an oven cook dough first like you would a pancake." Then add other ingredients on top and "Presto, no bake pizza."
Burger King may end Pepsi tie-up, sign with rival Coke
The alignment with Coca-Cola is expected to be formalised and announced by the end of next quarter, the executives said. Burger King has been associated with PepsiCo since it came to India in 2014. Once the potential deal is formalised, the top two global burger chains in India - McDonald's and Burger King - will be aligned with Coca-Cola.
Not so finger lickin' good: Local competition, raw material costs hurt quick service
As consumer preference for lower-priced products and regional brands continues to rise, large quick-service restaurant chains in India are localising their menus. KFC India and Burger King have increased focus on lower-price points starting at Rs 99.
Pizza Hut to continue aggressive expansion spree, to focus on emerging smaller markets: Merrill Pereyra
Leading Quick service restaurant chain Pizza Hut, which had doubled its store count in the country to over 820 in the last two years, will continue its "aggressive expansion spree" with a significant commitment to expand its presence in emerging smaller markets, said a top company official.
Can Devyani's move to diversify help it get an edge over Sapphire Foods?
DIL and SFIL operate the two common brands in India and at a few international locations. SFIL also operates one more brand exclusively in India, Sri Lanka and the Maldives — Taco Bell, also a YUM India brand. Devyani operates three brands under its umbrella, apart from Yum India franchise — Costa Coffee, Vaango and The Food Street.
Stock Radar: Down 30% from highs! This restaurant stock could see a bounce back for a target of Rs 1,425: Shrikant Chouhan
The company, with a market capitalisation of more than Rs 6,600 crore as of 29 June, hit a 52-week high of Rs 1,535 on 14 February 2022, but failed to hold on to the momentum. It closed at Rs 1,039 on 28 June 2022.
Can Jubilant FoodWorks face the headwinds coming from a new direction?
Jubilant is the biggest player in the QSR space with a market cap of more than Rs 40,000 crore. Currently, Jubilant’s stock is trading at a premium valuation when compared with other listed QSR players.
Devyani International IPO subscribed 116.71 times on Day 3
The IPO is being sold in Rs 86-90 price band. Last heard, the unlisted stock was commanding a grey market premium of Rs 64.
4 IPOs going to leave you spoilt for choice: Should you go all in?
They include Krsnaa Diagnostics, Devyani International, Exxaro Tiles and Windlas Biotech, which are going to raise close to Rs 3,614 crore between August 4 and 6.
Soft drinks production back to normal, says Pepsi bottler
RJ Corp-owned Devyani International Ltd (DIL) operates one of the country’s single largest consumer facing groups PepsiCo’s entire bottling business, Yum Restaurants‘ brands KFC, Pizza Hut, TWG Tea parlours and food courts in airports and malls.
Creambell consolidating ops; reports of shut-down entirely false: RJ Corp
Devyani Foods sells ice-cream under the Creambell franchise. “The company has decided to close one of the smaller facilities at Baddi while strengthening the other larger manufacturing plants. Reports that the ice-cream business is being shutdown are totally false and misleading and vehemently denied,” DFIL said in a statement on Monday.
KFC Q1 system sales decline 2%, Pizza Hut declines 6%:
KFC India managing director Samir Menon said: “Subdued growth in March and softness is on account of the lockdown. We continue to operate around the ongoing Covid-19 pandemic with our delivery business only amidst the lockdown situation in the country as we comply with all regulatory directives.”
KFC owner reports ‘exceptional quarter’, picks up stake in DIL
Yum! Restaurants, Indian subsidiary of Yum! Brands, has picked up minority stake in its largest franchise partner RJ Corp-owned Devyani International (DIL), one of the first franchisees globally where the restaurant major has acquired equity stake. This follows DIL’s acquisition of 74 KFC restaurants from Yum! over the last 18 months.
Food aggregators aren’t restaurants’ enemies: Merrill Pereyra, MD Pizza Hut India
Merrill Pereyra, who has come from global franchise chain QSR Brands in Malaysia, is the first outsider head of Pizza Hut India. All his predecessors have been elevations from within Yum! Brands that operates Pizza Hut, KFC and Taco Bell restaurant chains in the country.
KFC India to sell 61 more stores to Jaipuria-owned Devyani International
National Restaurant Association of India estimated the food service industry at Rs 4.2 lakh crore in 2018-19, and forecast to grow 9% by 2022-23 in a report released last month.
Taco Bell names Burman Hospitality as exclusive national franchise partner
So far, Taco Bell’s 35 stores in India were operated as a mix between Burman Hospitality and its own equity stores.
RJ Corp set to acquire PepsiCo’s south & west bottling
The $1.6-billion RJ Corp, among PepsiCo’s top three bottlers globally, has been associated with the beverage and snack maker since close to three decades.
Yum elevates Pizza Hut India’s Unnat Varma as Asia-Pacific MD
Varma, who has been with US-based Yum Brands Inc’s Indian arm for over 12 years now, will operate out of its Asia Pacific headquarters in Singapore.
KFC fine-tunes India strategy, hands over 13 more stores to RJ Corp Firm
When asked if RJ Corp would be keen to acquire more KFC restaurants in India, chairman Jaipuria said: “We will be happy to acquire more KFC stores if and when Yum! decides to franchise them.”
Restaurants ready to party as more Indians step out to eat
After battling policy issues & inflation, eateries, with better efficiencies, are seeing a revival.
Australian shares hold onto gains as Fed minutes pause upbeat sentiment; NZ flat
Losses among mining stocks were offset by financials gaining.
India system sales second fastest growing market for Pizza Hut
System sales, or a metric similar to same-store growth, is measured by sales at outlets that have been operational for at least a year.
Load More
