Yum Brands Reports Digital Sales of $17 bn in 2020, Up by 45% YoY
Despite the blow of pandemic restrictions in 2020, Yum Brands’ earnings for the year topped analysts’ estimates.
Jubilant FoodWorks' operating revenue rises by 14% in Q3 FY20
A total of 47 stores were opened during the quarter, 44 for Domino’s Pizza, 2 for Dunkin’ Donuts and 1 for Hong’s Kitchen.
[Funding alert] Zomato secures $150 mn at a valuation of $3 bn
With the latest fundraise, the food delivery platform has received $840 million in funding to date.
Beer Cafe crosses Rs 100-crore sales mark in FY19
Beer Cafe’s per square feet revenue at Rs 19,000 is higher than most restaurants, helping them make a profit at store level despite high taxes and…
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On-demand logistics firm Shadowfax enters the cloud kitchen biz
Shadowfax has started the cloud kitchen with Pune.
Rebel Foods' revenue for FY2018-19 doubled to Rs 310.37 cr
The company reported a net loss of Rs 130.64 crore for the year ended March 31, 2019, up from a net loss of Rs 74.44 crore in fiscal 2018.
Varun Beverages posts 84% jump in Q2 net profit
The company has been associated with PepsiCo for more than 27 years, accounting for 80% of the US firm's beverage sales volume in India.
Pernod Ricard's India revenue jumps 27% in FY19
In the year-to-March 2019, the world's second largest distiller had gross sales of 20,335 crore.
Zomato expecting Tier III & IV cities to contribute 50% of monthly order volume by March 2020
Currently, the food ordering platform is present in 556 cities and towns in the country.
Burger King India posts 66% jump in sales in FY19
India has been the fastest growing market for Burger King in terms of store expansion.
Biryani By Kilo eyes to double revenue by next year
The brand aims to achieve this target by exporting the famous ‘handi’ biryani to the United Arab Emirates and the UK.
Zomato posts 3-fold jump in revenue to $205 mn from last year
Foodtech unicorn has also reduced its burn rate by about 40% in the first six months of the current financial year.
Yum! Brands posts system sales growth in India in June quarter
This is the eleventh consecutive quarter of positive system sales growth for KFC and Pizza Hut brands in the country.
Varun Beverages' Q2 operating revenues see a growth of over 36%
Varun Beverages Limited (VBL) is one of the largest franchisee of PepsiCo worldwide.
Bingo becomes Rs 2,500 crore brand
Bingo! has more than doubled its turnover going by consumer spends.
Parag Milk Foods targets Rs 160 crore revenue in FY20
The Mumbai-based company earned a revenue of about Rs 70 crore last fiscal from its manufacturing facility in Sonipat, Haryana.
Heritage Foods to increase its value-added products offering
Recently, Heritage Foods signed a joint venture with Nova Dine, the French dairy company, to foray into the fruit flavored yoghurt domain for increasing its VAP range.
Amul eyes to garner business turnover of Rs 50,000 crore by 2021
Amul is aiming to establish itself as the largest dairy organisation in the world.
Amul aims revenue to increase by 20% in 2019-20
The dairy firm reported a 13% rise in its turnover at Rs 33,150 crore during 2018-19 as compared to Rs 29,225 crore in the previous fiscal.
Varun Beverages posts 24% rise in revenue in Q1 FY19
The company posted a revenue of Rs 1,095 crore in the year-on period.
Mother's Recipe targets to double growth from its foodservice division
In the foodservice division, the firm has products under its flagship brand, Mother’s Recipe Foodservice.
Carlsberg's Indian Business Fell In Terms Of Volume Growth
In India, Carlsberg, the world's third largest brewer, has about 18% market share.
Britannia Industries reports 11.28% rise in Q4 net profit
Britannia’s total income during the period under review stood at Rs 2,860.75 crore as compared to Rs 2,581.93 crore in the year-ago quarter.
Tata Starbucks expands sales by 30% in FY19 on back of outlet additions
Started operations in India in October 2012, Starbucks recorded the fastest store expansion in the company’s history in the initial few years.