- April 30, 2020 / 4 min readYum! operates KFC, Pizza Hut and Taco Bell across over 1,000 restaurants in India.
Yum! India that owns KFC and Pizza Hut has reported reported 2% decline in system sales for the first quarter ended March 31, 2020 for KFC, down from 26% growth in the same quarter last year, amidst the ongoing lockdown.
Whereas Pizza Hut India, has shown a decline of 6% in system sales in the first quarter, as restaurants resorted to delivery only to comply with the national lockdown, leading to a complete shutdown of malls and restaurants.
Yum! operates KFC, Pizza Hut and Taco Bell across over 1,000 restaurants in India.
“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,” shared Samir Menon, MD, KFC India.
In a post earnings call for the October-December 2019 quarter, Yum! Restaurants had named India, Canada, Japan and Europe as markets with internationally strong sales momentum for the year.
Yum!, which follows the global strategy of doing away with capital-intensive operations to instead focus on brand growth and development, competes aggressively with Domino’s, McDonald’s and Burger King in the sector.
In India, while Pizza Hut is already entirely franchised, KFC’s company-operated footprint is under 10%. It operates its franchise operations between two partners - Devyani International and Sapphire Foods, set up by a consortium of funds led by Samara Capital.
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