Quick-service restaurant chain KFC India achieved a sales growth of 25% in the first quarter that ended on March 31, while Pizza Hut in the same period saw a 16% growth in sales within the country.
Yum! Brands Inc, the owner of KFC and Pizza Hut brands, disclosed its first quarter earnings on Wednesday.
Moksh Chopra, General Manager, KFC India BMU (Nepal, Bangladesh, Sri Lanka and Maldives), said, “The quarter ending March recorded a 25 percent system sales growth for India and area countries. Continuing the momentum from last year, we focused on expanding our footprint across the country to over 800 restaurants.”
“We strengthened our commitment towards increasing consumer accessibility with the launch of our first Smart Restaurant in West Bengal, and added our 17th Sustainable Restaurant in the country, in Punjab. This quarter saw us bring back one of our most iconic and loved products, Chizza, and occasion-based offers such as Big Treat Week and Chicken Feast Week gave fans a chance to enjoy their favourite KFC products at great value,” he added.
The Indian segment of KFC’s business is estimated to make up roughly 2% of the company’s total sales. Similarly, Pizza Hut India contributed around 2% to the brand’s global sales.
In an earnings statement, David Gibbs, Global CEO, Yum! Brands, Inc, said “Our first-quarter results continue to illustrate the power of our global portfolio and the advantages of our business model. The demand for our iconic brands is evident as our incredible teams and franchise partners delivered another strong quarter with system sales growth of 13 percent, excluding Russia, driven by 8 percent same-store sales growth and continued development momentum.”
