Sapphire Foods India Limited CC-Jul25.pdf · 2025-07-23
Thank you. My question is also around the margins. Vijay, you just mentioned that you have done slightly higher marketing spends in KFC. So, when you said that at flat SSSG, only the seasonal quarterly changes in margins will be seen. Are you adjusting for that ad spend? Because usually 1Q has a much higher margin than what you reported.
Got it. Interesting. Last question on Pizza Hut. You have shown that marketing does change the performance a little bit, quite a lot actually. You have mentioned double digit difference is there. So, if you can share with us then what is the future of this format pan-India then? I mean, when would Yum! take a call on how to go forward on the brand overall in India?