Devyani International Nepal -- a subsidiary of RJ Crop and the operator of the two global fast food chains in Nepal -- has reported that its monthly turnover presently stands at around Rs 30 million. [break]
Tax officials inspecting the outlets said that transactions of KFC and Pizza Hut hover in the range of Rs 800,000 to Rs 1.2 million a day. They further disclosed to Republica that the business of KFC and Pizza Hut stands in the ratio of 2:1, meaning daily turnover of KFC is twice that of Pizza Hut.
And still good for the company is, the customers queue at its KFC outlet in Durbar Marg still persists strong. The number of customers at Pizza Hut too is growing consistently.
"We earlier thought the initial euphoria of consumers will end soon, but scenario at the outlets suggest otherwise,” said the tax officials.
- Average daily turnover: Rs 1 million
- Proportion of business: KFC:Pizza Hut -- 2:1
- VAT expectation: About Rs 4.5 million per month
- Plans on to add three new KFC outlets
At this rate, concerned Inland Revenue Office (IRO) estimates the restaurants to generate as much as Rs 4.5 million in value added tax (VAT) to the government every month.
Meanwhile, Devyani International has unveiled a plan to open three new KFC outlets in the Valley.
“We have a plan to open outlets in three other parts of the Kathmandu Valley,” said Suranjan De, who looks after Operations of RJ Corp in Nepal, including KFC and Pizza Hut. He disclosed that the first of the three new outlets would be in Jawalakhel of Lalitpur district. Other two could be in New Baneshwar and Maharajgunj.
The company worked out the expansion plan given the liking shown by the Nepali consumers and problems that KFC´s sole outlet in Durbar Marg is presently facing to cater to the demand.
Once expanded, tax officials said KFC will instantly join the bloc of large tax payers of the country.
Related story
Pizza Hut Nepal unveils global best seller ‘Pizza Hut Melts’, w...
