Domino's, McDonald's stores feel slowdown pangs as sales dip in Q4

Sector experts said lower consumer sentiment, faster roll-out of stores and competition from online food aggregators such as Swiggy and Zomato was taking a toll on the business

Two of the country’s top food service operators — Jubilant FoodWorks and Westlife Development — reported their lowest same-store sales growth (SSG) in six quarters as general consumption slowdown hit the sector during the January-March period (Q4). 

The two companies, which are listed on the stock exchanges and run Domino’s and McDonald’s stores, respectively, reported SSG in the 5-6 per cent region in Q4, down from 14-25 per cent seen in the past five quarters. SSG is sales growth of stores one year and above and is a crucial metric tracked by analysts, since it gives a clearer picture of