India’s largest poultry company, Venky’s India, delivered better Q3 results, with sales bolstered by the rapid growth of Quick Service Restaurants, (QSRs) Kentucky Fried Chicken (KFC), Pizza Hut, TGI Friday and Dominos. For the nine month period of this year, net profit after tax tripled to US$901,000 on 7% higher sales of US$33.6m.
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The QSR segment is seeing fast growth, especially the pizza toppings business which is doubling each year. Venky’s is the only supplier to Pizza Hut and KFC in India, and the main supplier of pizza toppings to dominos and TGI Friday. Venky’s is also a major supplier to flight kitchens, hotels and restaurants.
By Navroz Havewala, just-food.com correspondent
