The brokerage believes that TFS' ability to secure and renew airport concessions, combined with rising per-passenger spending, will support consistent growth across its QSR and lounge businesses.
Brokerages cut FY26-28 earnings estimates as valuations stay high and profitability dips
Under the agreement, Travel Food Services will act as the concessionaire for the Domestic Terminal (T1), operating around 11 Travel QSR outlets and one lounge.
GST 2.0 reforms may boost QSR demand as tax rates fall. Analysts see Jubilant FoodWorks, RBA, Devyani International, and Sapphire Foods gaining the most
Travel Food Services IPO: Shares of Travel Food are scheduled to make their D-street debut on Monday, July 14, 2025
Travel Food Services shares will be offered at a price band of ₹1,045 to ₹1,100 per share
Eternal is seen trading in a tight range of ₹220 - ₹247, with strong support seen around ₹218 levels; Chart hints at a likely positive bias for this stock; while Swiggy may face downward pressure.
Packaged foods become QSRs' new flavour; retail shelves and exports open up
Leading QSR chain operator Jubilant Foods is looking to expand its pizza chain Domino's presence to 3,000 stores and around 250 outlets of US-based Fried Chicken brand Popeyes over the next three years, its CEO and MD Sameer Khetarpal said on Thursday. The Jubilant Bhartia Group company is focusing on smaller tier III towns and entering into new markets for Domino's. For Popeyes, it will focus on metro and tier II cities. "We will be growing in both brands. I think, our focus and priority is Popeyes. We believe Popeyes will grow faster than the other brands," Khetarpal told PTI. Currently, Jubilant Foods Ltd (JFL) operates around 2,100 Domino's outlets, the second largest network of the US-based multinational pizza restaurant chain globally. For Popeyes, Khetarpal said JFL is currently operating around 60 stores and will keep on adding up to 50 stores every year and have nearly 200 to 250 stores over the three years. "We go tier I, tier II for sure like we already are present in
Nuvama has picked Jubilant, Trent, V-Mart, Titan, and Aditya Vision as its top bets going forward, highlighting their strong performances and promising outlook
Plating a comeback: QSR stocks ready to break their six-month diet of negative returns
Shares of Restaurant Brands Asia, Westlife Foodworld, Sapphire Foods India, Jubilant Foodworks and Devyani International can rally up to 15% from present levels, suggest technical charts.
Havells rallied as much as 6.53 per cent to hit an intraday high of Rs 1,669 per share, while Voltas zoomed 5.55 per cent to hit an intraday high of Rs 1,331
This investment will be made in tranches and is expected to be completed over the next two years
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.
The widespread expansion of food delivery has provided consumers with more dining choices, leading to fragmented sales and further weakening the already struggling daily sales within the QSR sector
While high levels of food inflation continue to impact raw material prices, lingering effects of inflation are making consumers pull back on discretionary spends, lending to the sector's slowdown
Its revenue from operations rose 23.85 per cent to Rs 1,572.79 crore during the quarter. It was Rs 1,269.84 crore in the year-ago period, it added
The Yum Brands franchisee's consolidated net profit fell 98% to Rs 2.39 crore ($286,271.4) for the quarter ended March 31, marking its fourth straight quarterly profit fall
QSR chain operator Jubilant Foods Ltd (JFL) expects its fried chicken brand Popeyes to cross Rs 1,000 crore in sales in the next 3-4 years, its CEO and MD Sameer Khetarpal said on Wednesday. Besides, JFL, which is also a master franchisor of Domino's, is expanding its reach and is expected to have around 3,000 outlets in the medium term. The company is going to "rapidly expand across" its QSR brands, with a key focus on Domino's as India is a "very rapidly expanding market" with more discretionary income, and urbanisation led by its growing economy. When asked about its latest addition Popeyes, Khetarpal said: "We have got an outstanding response from Popeyes as a brand here." JFL, which opened its first store in Delhi on Wednesday and its 33rd store pan-India, has plans to add four more stores in the national capital region next week. "We are rapidly expanding and Popeyes will be the fastest QSR chain to get Rs 1,000 crore in sales," Khetarpal told PTI. Typically, a QSR chain ta