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Burgers, Coffee Turn Favourites in First Quarter, Pizza Loses Out

In the April-June quarter, companies running burger fast-food chains registered more sales than the pizza firms.

Updated
Business
1 min read
Sales of companies running burger fast-food chains saw an increase. (Photo: iStockPhoto)

Burgers and coffee seemed to appeal to Indian taste buds more than pizza in the April-June quarter, helping Westlife Development Ltd, which runs McDonald’s, and Coffee Day Enterprises Ltd report a rise in sales, while Jubilant Foodworks Ltd, which runs Domino’s Pizza, witnessed a decline.

In the quarter which ended on June, US-based Yum! Brands’ Pizza Hut saw its India sales decline 7 percent year-on-year, while KFC’s sales fell 1 percent, Edelweiss Financial Services Ltd said in a July report. The burger category is recovering faster than pizza, the report added.

“Burgers are priced relatively lower and fit into the all-day dining concept since they can be consumed both as a snack as well as a meal. On the other hand, a pizza is a more planned meal and is also priced higher,” Abneesh Roy, senior vice-president of Institutional Equities at Edelweiss, and the author of the report quoted above, told BloombergQuint over the phone.

Read more on BloombergQuint.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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