Fast-food major Yum! Brands, which operates Pizza Hut and KFC restaurants in India, saw strong sales growth for the sixth straight quarter (October-December), pointing to recovery in food services.
This is also the highest growth in six quarters for the two brands, indicating that their turnaround is on track, analysts tracking the market said.
For the October-December period, both KFC and Pizza Hut reported a system sales growth rate of 18 per cent for India, the quarterly results declared by Yum! Brands on Thursday show.
System sales growth is industry parlance for overall top line growth. Yum
This is also the highest growth in six quarters for the two brands, indicating that their turnaround is on track, analysts tracking the market said.
For the October-December period, both KFC and Pizza Hut reported a system sales growth rate of 18 per cent for India, the quarterly results declared by Yum! Brands on Thursday show.
System sales growth is industry parlance for overall top line growth. Yum