Pizza Hut, KFC sales grow in December quarter

Despite a severe cash crunch that hurt sales of consumer goods in the country during the December quarter, quick service restaurant (QSR) chains KFC and Pizza Hut have managed to grow.

System sales of the two grew 16 per cent and nine per cent, respectively, during the period in India. System sales of Pizza Hut during the preceding quarter grew six per cent, after declining seven per cent in the June quarter. KFC’s sales grew 13 per cent in September, after falling one per cent in the previous quarter.

During 2016, system sales of KFC grew seven per cent, backed by an