Fast Food Restaurants

India's restaurant sector can create 15 million jobs by 2028: NRAI

India's restaurant sector has the potential to provide employment to 1.5 crore people by 2028, from 85 lakh at present, provided it gets the "right impetus" from the government including an 'industry' status and benefit of input tax credit on GST, National Restaurant Association of India's (NRAI) Vice President Zorawar Kalra said on Wednesday. The NRAI claims to represent 5 lakh restaurants across the country. The association has been at loggerheads with food delivery aggregators like Swiggy and Zomato primarily over the aggregators' foray into the quick-commerce space with their own private-label brands, arguing this move undermines fair competition and harms independent restaurants. "We don't have a separate industry status, that would be a big positive move, as it would give us a voice," Kalra told PTI. The NRAI Vice President, who is also the Founder and Managing Director of Massive Restaurants Pvt. Ltd, described the lack of input tax credit on GST as a "major issue" faced by t

CPRL to double McDonald's store count to 600 by 2030, invest up to $150 mn

Connaught Plaza Restaurants Pvt Ltd (CPRL), the master franchiser for McDonald's restaurants in India for north and east regions, has plans to invest up to USD 150 million (Rs 1,280.7 crore) in next three to four years for expansion of network of quick service restaurant outlets, said a top company official. It has plans to take the store count by 300 by the end of this year from its existing 245 and then double it in the next three to four years from there, as part of its aggressive expansion plans, said Anant Agarwal, Vice Chairman- MMG Group & CPRL. Besides, CPRL, part of USD 1.2 billion MMG Group, is also expanding McCafe, the in-restaurant caf brand of McDonald's, from its 125 outlets presently to 200 by the end of this year. The group, which acquired CPRL in 2020 following a bitter tussle between the Chicago-based QSR (quick service restaurant) major and its former Indian partner, is modernising the existing stores and upgrading them to the EOTF (experience of the future) ...

Holi 2025: Time to stock up on restaurant-related scrips? FULL DETAILS here

Outlook on Jubilant Foodworks, Westlife Foodworld and other 3 restaurant stocks: Technical charts suggest these 3 can gain up to 26% from here one, while the other 2 could extend the fall.

Coffee Day, Barbeque-Nation: No long queues yet to buy restaurant stocks

Thus far in 2024, stocks such as Coffee Day Enterprises, Speciality Restaurants, Barbeque-Nation Hospitality, Restaurant Brands Asia and Westlife Foodworld have lost up to 42%, shows ACE Equity data.

Burger King to launch $5 value meal, offering planned ahead of McDonald's

The company's existing value offerings include a $2.99 chicken wrap and a $5 deal that includes two Whopper Jr. burgers

Devyani International Q4: Net loss of Rs 48.95 cr, revenue at Rs 1,047 cr

Quick service restaurant operator Devyani International Ltd on Tuesday reported a consolidated net loss of Rs 48.95 crore in the fourth quarter ended March 31, 2024, impacted by forex translation loss due to the devaluation of Nigerian currency. The company had posted a consolidated net profit of Rs 59.88 crore in the fourth quarter of the previous fiscal, Devyani International said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,047.08 crore as against Rs 754.98 crore in the corresponding period a year ago, it added. Total expenses were higher at Rs 1,057.32 crore as compared to Rs 724.77 crore in the year-ago quarter, it added. During the quarter ended March 31, 2024, and the year ended March 31, 2024, due to significant devaluation of the Nigerian currency, the Nigerian subsidiary of the group has recognised Rs 42.37 crore and Rs 89.7 crore devaluation impact on account of translation loss of USD denominated liabilities

McDonald's set for weak sales growth amid muted fast-food traffic in US

'We expect traffic to continue to be negative, believe the average check will remain under pressure from the heavy discounting to recover lower-income consumer traffic,' BTIG analyst Peter Saleh said

This American fast-food chain wants to use surge pricing for its burgers

The fast-food chain aims to roll out 'dynamic pricing model' experiment by 2025, which will be made possible by digital menus that can update prices in real-time

Bite-sized ventures: Street food startups spice up India's culinary scene

Meet the entrepreneurs turning India's streets into gastronomic hotspots

Subway's new owner faces tough decisions on chain's massive size in US

Subway's restaurant count currently stands at nearly 37,000 worldwide, with around 20,000 in the US

Pizza Hut to continue aggressive expansion spree: Merrill Pereyra

Leading Quick service restaurant chain Pizza Hut, which had doubled its store count in the country to over 820 in the last two years, will continue its "aggressive expansion spree" with a significant commitment to expand its presence in emerging smaller markets, said a top company official. The company is focusing on 'Gen Z' and the growing middle class, which is moving up in the consumption ladder with an increased buying power, said Pizza Hut Indian Subcontinent Managing Director Merrill Pereyra. As part of the expansion, Pizza Hut is focusing on emerging markets in Tier II & III places, which now contribute 50 per cent of its business in India and aims to further harness the potential that exists here. In the first quarter ending March 31, 2023, Pizza Hut India Subcontinent clocked 16 per cent System Sales Growth. "In the last two years, we have doubled our estate. We have gone from 417 restaurants to 820. We plan to keep that expansion going. We believe in the country," ...

Rebel Foods to run American burger giant Wendy's restaurants in India

With this, Rebel Foods will retain its position as world's largest internet restaurant firm and will become the only cloud kitchen player in India to scale a large global QSR brand

Rs 5.44 crore earned as norms for serving food in open spaces relaxed

Civic authorities have earned Rs 5.44 crore as revenue from various restaurants and other establishments after norms for serving food in open spaces and terrace areas were relaxed, officials said on Sunday. According to the relaxed norms, owners are permitted to serve food in the open space adjacent to their licensed eating houses, subject to meeting certain conditions. The Municipal Corporation of Delhi (MCD), in a statement on Sunday, said it granted permission for use of 138 such open spaces and 57 terraces. The MCD has collected Rs 5.44 crore in revenue since the norms were relaxed, it said. Officials said this policy will also help promote tourism and job creation, adding that the MCD is continuously working towards augumenting its revenues. The erstwhile South Delhi Municipal Corporation (SDMC) had implemented a policy for use of open space abutting a licensed eating house and terrace for service or dining purposes. This policy has now been extended to the erstwhile North De

Fast food gets a lot slower: Downgrades to bite quick-service restaurants

On their Q3 menu: They weren't able to absorb demand slowdown, cost pressures

Cost inflation overhang set to hit Jubilant FoodWorks in near term

The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share

ONDC to start outreach programme to help sellers speed up their business

The first event of the programme will be an introductory session in Delhi NCR for restaurants, food entrepreneurs and cloud kitchens, on Oct 17

Multiple triggers to help Westlife Development maintain outperformance

Sales uptick in dine-in and delivery channels, new products and gradual royalty hikes are positives

QSR chain Wow! Momo raises Rs 125 cr from OAKS Asset for business expansion

"We expect Wow! Momo to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management

Karim's, Nathu's, and others open in Leh: Fresh flavours at 11,500 ft

The effort that has been put into the look and feel of the place indicates that Karim's is fully invested in Leh

Domino's Pizza quits Italy after 7 years as locals shun American pies

The US chain entered Italy in 2015 through a franchising agreement with ePizza SpA and planned to distinguish itself by providing a structured national delivery service