Page 2 - Pizza Hut

Devyani International Q4: Net loss of Rs 48.95 cr, revenue at Rs 1,047 cr

Quick service restaurant operator Devyani International Ltd on Tuesday reported a consolidated net loss of Rs 48.95 crore in the fourth quarter ended March 31, 2024, impacted by forex translation loss due to the devaluation of Nigerian currency. The company had posted a consolidated net profit of Rs 59.88 crore in the fourth quarter of the previous fiscal, Devyani International said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,047.08 crore as against Rs 754.98 crore in the corresponding period a year ago, it added. Total expenses were higher at Rs 1,057.32 crore as compared to Rs 724.77 crore in the year-ago quarter, it added. During the quarter ended March 31, 2024, and the year ended March 31, 2024, due to significant devaluation of the Nigerian currency, the Nigerian subsidiary of the group has recognised Rs 42.37 crore and Rs 89.7 crore devaluation impact on account of translation loss of USD denominated liabilities

Sapphire Foods Q4 results: PAT declines 98% to Rs 2.39 cr on slow demand

The Yum Brands franchisee's consolidated net profit fell 98% to Rs 2.39 crore ($286,271.4) for the quarter ended March 31, marking its fourth straight quarterly profit fall

Sapphire Foods at new high; soars 18% in 4 days as large funds raise stake

On March 7, 2024, HDFC Mutual Fund acquired 1.45 million equity shares, representing 2.28 per cent of Sapphire Foods, via open market

Muted demand environment to hit Jubilant FoodWorks' near term earnings

This was the fourth consecutive quarter of a decline in LFL growth for the pizza market leader

KFC welcome to operate near Ayodhya's Ram temple with vegetarian menu

Ayodhya does not permit serving liquor and meat within its defined 'Panch Kosi Marg.' This area is a 15 km pilgrimage circuit around the temple town

Brokerages bullish on Sapphire Foods India amid muted outlook for QSR

While the company has a franchise for both KFC and Pizza Hut (PH), the street believes that the KFC business will do better than PH business in the near term

India KFC operator Devyani International enters Thailand with $129 mn deal

India's Devyani International said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in deal a worth $128.9 million, expected to be completed by March 2024.

Pizza Hut India operator 'cautious' on expansion after 20% sales slump

Shares of Sapphire slid as much as 8.8% post-results

Burger King likely to sign deal with Coca-Cola; may end tie-up with Pepsi

Executives said that the deal will be formalised and announced by the end of next quarter

KFC system sales growth jumps 22% in June for India, partner countries

Its area countries include Nepal, Bangladesh, Sri Lanka and Maldives

Rising costs eat away KFC operator Sapphire Foods India's Q1 profit

India is reeling under rising prices of essentials as rains have disrupted supplies, with companies including Domino's flagship inflation-buster Rs 49 pizza being re-engineered by cutting price

A QSR full course serves up weak demand, margin pressures as sides

ON THE MENU: While Westlife remains an outlier, valuations for most players on the higher side

Pizza Hut to continue aggressive expansion spree: 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. The company is focusing on 'Gen Z' and the growing middle class, which is moving up in the consumption ladder with an increased buying power, said Pizza Hut Indian Subcontinent Managing Director Merrill Pereyra. As part of the expansion, Pizza Hut is focusing on emerging markets in Tier II & III places, which now contribute 50 per cent of its business in India and aims to further harness the potential that exists here. In the first quarter ending March 31, 2023, Pizza Hut India Subcontinent clocked 16 per cent System Sales Growth. "In the last two years, we have doubled our estate. We have gone from 417 restaurants to 820. We plan to keep that expansion going. We believe in the country," ...

Brands are using emotional AI to enhance the customer's in-store experience

As AI assumes greater significance in our lives, its deployment in offline retail will only become bigger

Yum! Brands reported 25% system sales growth in India in Jan-March quarter

Its area countries include Nepal, Bangladesh, Sri Lanka and Maldives

Dunearn Investments pares 2% stake in Devyani International for Rs 482 cr

Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore through an open market transaction. Devyani International is an omnichannel restaurant and the largest franchisee of Yum Brands in India. According to bulk deal data available with BSE, Dunearn Investments (Mauritius) Pte Ltd offloaded 2,63,29,516 shares, amounting to a 2.18 per cent stake in the company. The shares were sold at an average price of Rs 183.11 apiece, taking the transaction value to Rs 482 crore. However, the buyer(s) of the shares could not be ascertained. Dunearn Investments, a public shareholder in Devyani International held an 8.13 per cent stake in the quick service restaurant operator at the end of the June quarter, shareholding data with the exchange showed. Shares of Devyani International closed 5.20 per cent down at Rs 185.85 on BSE.

Devyani International tanks 7% after over 2% equity traded via block deals

At 09:15 am, around 28.95 million equity shares representing 2.4 per cent of the total equity of the company changed hands on the BSE, the exchange data shows.

Pizza Hut adds rice bases to menu as wheat costs soar in Japan

The new range will initially be available for about six weeks, but could become a regular menu item if demand is strong

Amid margin worries, Jubilant stock to face downside pressure in near term

Aggressive expansion, raw material inflation, and competitive pressures to hit Quick Service Restaurant (QSR) player Jubilant FoodWorks stocks and profitability, say analysts

Analysts take a bite of premium QSR stocks as restaurants hike prices

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said