Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated sales grew 10.4% y-y to INR 1,519 Cr; EBITDA up 18% to INR 229 Cr - KFC added 50 stores, 4.4% SSSG; Pizza Hut SSSG improved to -1.4%, testing new spicy range - Own Brands (Biryani By Kilo, Vaango) grew 11%, BBK SSSG 8.1%, brand contribution margin near 10% - Inflation pressures from raw materials, wages, LPG; 1-2% price hikes taken, margins protected by cost control - Merger with Sapphire Foods received CCI approval; awaiting SEBI no-objection, merger expected by FY27 end - Store expansion on track with 70 net new stores in Q2; targeting 200-220 net additions for FY27 - Management focused on sustainable growth, value offerings, and brand innovation amid macro challenges