From Jubilant FoodWorks to Westlife Development, fast food delivers growth

One is the intense competition from food-technology applications such as Swiggy and Zomato

With demand worries mounting, most sectors were forced to improve volumes in the September quarter at the cost of profitability. However, one sector that has bucked the trend, ensuring superlative volume growth while improving margins, is the quick service restaurants or QSRs. The trend is likely to sustain in the coming quarters too.

Jubilant FoodWorks (Jubilant), Westlife Development (Westlife) and Yum! Brands reported year-on-year sales growth in the range of 21-32 per cent. The growth was not only driven by new stores but also existing units, which contributed to the top line and helped beat the Street expectations. Same store