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Quarterly Analysis
Q3FY23 Quarterly Earnings
Strong momentum
81 net in new store stores addition in
239 NNUs YTD vs Q 192
1,1773 NNUs in 2 X PY store same count by period
March 23 vs March 20 system stores Revenue
performance at the end of the quarter
Revenue Performance
Q3 revenue from operations at Rs. 7,906 million - QOQ 6% growth ; YOY 27% growth
Steady performance from Core Brands
KFC ADS at 116K ; PH ADS at 43K ; Costa ADS at 37K
Inflation impact on margin
Q3 GM at 69.3%
YTD GM - 70% vs 71% in PY
YTD Brand contribution - 19.4% vs 19.9% in PY
Q3FY23 Snapshot
New Store Openings
Core Brands and India - Regional Split
Business Performance
Financial Performance
Operating Margin
Profitability
Business Overview
The company growing footprint strengthened brand accessibility in their existing markets and also took them closer to aspirational customers in small towns and emerging cities. The company added 100 new stores to reach 364 stores at the year-end. The roll-out of these stores has increased brand density and facilitated faster delivery to customers.
Catering to evolving customer expectations
The company continued to execute their strategy of setting up delivery-focused omnichannel stores aligned with the structural customer demand shift towards delivery from dine-in. The consistent effort towards setting up delivery-focused stores and strengthening their customer-facing digital interface is reflected in the share of their off-premise2 sales increasing from 37% to 44% during the year.
Company's Presence
Company's Performance
I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Stocx Research Club). I have no business relationship with any company whose stock is mentioned in this article.
Source - Company's investor presentation and annual report. Disc - Not an recommendation
I am not a SEBI Registered individual/entity and the above research article is only for educational purpose and is never intended as trading/investment advice.
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