Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue INR885 Cr +20% y-y; adjusted EBITDA INR62.4 Cr +39% y-y; margin 7.1% +100 bps - KFC: 14% same-store sales growth (SSSG), close to double-digit adjusted for Navratri; dine-in/takeaway mix 57% - Pizza Hut: 5% SSSG, highest in 7 quarters; delivery mix 52%; restaurant EBITDA loss of 2.8% due to energy inflation - Sri Lanka: 5% SSSG, 9% revenue growth; margin pressure from inflation - Inflationary cost pressures expected to peak in Q3 FY27; focus on growth via value offers and increased marketing spend - KFC store expansion on track with 60-80 new stores planned in FY27; 60-75% stores in existing cities - Price hikes of 2-3% taken in KFC and Pizza Hut; cautious on further hikes - Marketing spend increased by 50-150 bps in FY27 to drive growth despite inflation