Devyani International Limited CC-Mar24.pdf · 2024-05-14
Just a question about same -store sales growth. Obviously, in terms of customer segmentation, there's a distinction between premium and mass markets, as well as behavioral factors. Have you observed that in many consumer areas, premium customer segments tend to be more robust, but conversely, you're seeing the opposite with Pizza Hut? It seems there's a specific aspect at play here. I'd be interested to hear your perspectives on the same -store sales growth you've observed, and whether it's more influenced by competition and new market additions or by consumer behavior in general. And secondly, how are you assessing the margin return on capital for your expansions? Once again, the slowdown in Pizza Hut's expansion seems to suggest something in that regard, but it would be intriguing to understand your insights into the potential margin returns, especially in high-format ventures.
In reference to the previous question about the same -store sales growth you're seeing between the different brands, how is that impacting them? What role does competition play in this scenario? Additionally, could you elaborate on the differences in capital between the various brands and what implications that holds for your expansion plan?