According to the company, this is ninth consecutive quarter of positive system sales growth for KFC India.
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The adjusted net profit after tax for Q2FY19 came in at Rs3.03cr as against Rs3.15cr in Q2FY18. The marginal decline in net profit is on account of rising in rental and power expenses coupled with an increase in the effective tax rate.
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According to the report, in the first half of FY18, BHL’s EBITDA stood at INR 3.24 cr with Q2 recording EBITDA of INR 1.50 cr.
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The total revenue and EBITDA have improved in the first quarter of the current Financial Year at ₹ 3434.60 million and ₹ 568.10 million as compared to ₹ 3032.60 million and ₹ 466.90 million last year, an increase of approximately 13% and 22% respectively.
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The strong performance in Q1 FY19 was on account of a good response to the Everyday Value offer on Regular Pizzas launched in March 2018, and which was supported aggressively during the IPL T20 cricket season.
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The Tata group company’s efforts to reduce debt has started showing results as interest costs in the quarter fell 33 percent to around Rs 52 crore, aiding the expansion in the bottom line.
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The Emirates Group announced its 30th consecutive year of profit and steady business expansion
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The hotel chain operating five and four star hotels for business and leisure travellers showed an increase in revenue from Rs 20.47 crores to Rs 23.65 crores.
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