KFC COMPETITION
Pizza Hut, KFC India operator's Q2 loss naarrows sharply on strong same-store sales growth
Devyani International, the parent company of KFC and Pizza Hut in India, has recorded a significant reduction in losses during its second quarter. For the third straight quarter, same-store sales for KFC increased by 4.4%. With revenues climbing by 10.4% to 15.19 billion rupees and expenses only rising 8.3%, Chairman Ravi Jaipuria emphasized the ongoing challenges posed by inflation and increasing interest rates.
McDonald’s supersizes its north and east India bet to $80 million, even as rising costs squeeze profit
McDonald's India is increasing its investment to approximately $80 million for growth and digitisation over the next two years. Surge in consumer demand and increased competition is prompting expansion. Despite the challenging environment due to inflation, the company aims for profitability while maintaining value for customers. McDonald's India's north and east division expects to achieve revenues of ₹2,000 crore by FY27.
CCI clears five major deals across food, energy, fintech and telecom sectors
CCI has granted approval for five significant business transactions in sectors like food services and renewable energy. The merger of Sapphire Foods India Limited with Devyani International Limited aims to combine their restaurant operations in India. Aditya Birla Renewables Limited is set to acquire Solenergi Power Private Limited from Shell for approximately Rs 17,200 crore. In financial services, Prosus N.V.
Devyani-Sapphire merger gets CCI approval, bringing KFC, Pizza Hut India operations under one roof
The Competition Commission of India has granted approval for the merger of Sapphire Foods India Limited with Devyani International Limited, consolidating two prominent quick-service restaurant operators. The merger aims to enhance operational efficiency and strengthen the presence of KFC and Pizza Hut in India, with the combined entity projected to operate over 3,000 stores globally.
CCI approves Adani acquisition of Intellismart
Adani Energy Solutions has received approval to acquire IntelliSmart Infrastructure, establishing a major presence in smart meters. This acquisition will help expand the Adani Group's operations in digital grid modernization efforts. The Competition Commission of India also approved other significant acquisitions in various sectors, highlighting ongoing consolidation in the market. Notable approvals include investments in telecom and quick-service restaurants, enhancing industry efficiency.
From paneer to pizza, FSSAI puts India’s ₹200 lakh crore consumer boom to the test. Who pays?
The FSSAI's escalated enforcement in consumer sectors in India has led to increased compliance costs for companies. Many brands are now reevaluating their product claims and formulations as they face regulatory pressure. This heightened scrutiny could lead to rising operational costs and may require pricing changes for consumers. The increased compliance standards will likely benefit organized companies while posing significant challenges for smaller, unregulated businesses over time.
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Inside McDonald's push to have AI price your Big Mac
McDonald's has implemented artificial intelligence to optimize pricing strategies across its restaurants and franchises. This pricing model analyzes customer willingness to pay, creating variations in prices for identical menu items. Franchisees report pressure to adopt these AI-driven pricing recommendations despite the company's claims of their independence. Concerns regarding antitrust implications are raised as franchises may be seen as competitors.
From Nike to Starbucks, some American brands are losing aura in China
Global companies once relied on China for consistent growth and expansion. Economic challenges and strong local competitors now impact foreign brands significantly. Brands like Nike and Starbucks are losing market share to domestic rivals. However, some companies succeed by adapting to local tastes and preferences. Success in China now depends on understanding the market rather than global prestige.
Third Wave Coffee raises Rs 408 crore in funding round led by WestBridge Capital
The round, comprising a mix of primary and secondary capital, also saw participation from existing investor Creaegis and angel investors, the speciality coffee chain said on Monday. The company did not disclose its valuation or the split between the primary capital and secondary share sales.
Devyani International shares zoom 8% after mega merger announcement with Sapphire Foods
Exciting developments are afoot as Devyani International announces a strategic merger with Sapphire Foods India, set to establish the largest Yum! Brands franchisee in the country. The newly formed entity will manage an extensive array of KFC and Pizza Hut outlets, providing shareholders of Sapphire Foods with shares in Devyani International.
Is the iconic Kentucky Fried Chicken or KFC struggling to stay in business?
The biggest fried chicken venture in the entire world is reportedly facing major administrative and logistic issues in trying to stay in the business, as per a shocking report. KFC is currently in a major fix over its struggling state of business and is fighting to stay afloat.
Pizza, burger or chicken? Rs 80,000 crore question haunting investors in QSR stocks
Competition among QSRs has investors questioning if pizza will lose out to other comfort foods like burgers, fried chicken, and biryani. KFC has seen growth and outperformed pizza, while pizza firms face slow store growth expansion. Among QSR stocks, Sapphire Foods has given a decent return in past 6 months, and buy ratings are recommended for Devyani, Sapphire, and Restaurant Brands Asia.
KFC reaches 1,000 stores in India; to add a lakh jobs
Yum Restaurants in India are operated by three franchisees - Devyani International Limited and Sapphire Foods which operate KFC and Pizza Hut, and Burman Hospitality which operates Taco Bell. KFC, which debuted in India in 1995, said it will add over a lakh jobs across the country.
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.
KFC India to double women employees count at restaurants to 5,000 in 3-4 years
"On gender diversity, it has grown very organically. It is not like we were going out and trying to make a very loud exercise. Between 2013-14 and pre-Covid, in those five or six years diversity in our restaurants, from a gender perspective, has grown from 7-8 per cent to around 30 per cent...that included both team members and leaders of restaurants," KFC India MD said.
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.
Kerala Financial Corporation FY18 profit up 46% at Rs 8.3 crore
The corporation’s operating profit increased to Rs 20.19 crore.
Yum misses estimates on key sales measure as Pizza Hut, KFC fizzle
Yum was forced to shut hundreds of British KFC outlets in February due to a shortage of chicken resulting from the abrupt change of a supplier.
Yum reports 13% year-on-year decline in same store sales growth in Q4
Yum! Brands’ India divisions’ sales declined 9% year-on-year in the quarter. The quarter also saw 86 KFC stores being converted from equity stores.
Yum India splits operations, not to have a CEO
There will henceforth be no one chief executive for Yum India and operations have been split into three divisions — one each for KFC, Pizza Hut and Taco Bell.
Yum! posts 18% drop in India same store sales
Yum! Brands, operator of Pizza Hut, KFC and Taco Bell, reported an 18% drop in its India same store sales in the July-September quarter.
CCI clears acquisition of Yum! India operations by PE firms
CCI has approved the proposed acquisition of some franchise operations of Yum! India by a consortium of investors led by Samara Capital.
KFC has one huge problem that's killing business
KFC's Chinese business is weighing down the entire brand - and activist investors think it's time for Yum! Brands to unload the operation.
Price war begins: Dunkin' Donuts aims to give tough competition to McDonald's and Burger King
India already serves cheapest burgers. While Burger King’s entry-level burgers are priced at Rs 35, McDonald’s sells burgers at Rs 27.
Pizza hut to start outlets on National Highways
Yum! Brands Inc -- the company which owns 'KFC' and 'Pizza Hut' chains -- would start up new pizza restaurants on the two busy national highways this year.
KFC and Pizza Hut parent Yum Brands to serve Mexican tacos with desi flavour
Taco Bell, having been present in India for two years will now boast of 60% localized and vegetarian offerings, a first for the Mexican chain anywhere in the world.
KFC increasingly putting vegetarian items on its Indian menu to cater to customers
KFC menu is throwing up a number of vegetarian items such as Veg Zinger, Veg Snacker and Veg ZingKong. Question is will customers bite.
KFC to focus on innovation; targets youth to build brand loyalty & fight competition
KFC plans to grow on four fronts-geographical reach, food menu, serving hours and customer base, with particular focus on the Indian youth.
KFC to lead $1billion Yum! target in India; US food giant looks to repeat China story, set for maiden profit
The Indian ops of Yum! Brands will clock profits this year for the first time since it entered the country way back in 1995.
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