Page 2 - Qsr

Sapphire Foods Q4 results: PAT declines 98% to Rs 2.39 cr on slow demand

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

Jubilant Foods expects Rs 1,000 crore in sales from Popeyes, says CEO

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

QSR chain Wow! Momo Foods aims to double revenues in the next 30 months

The round will provide partial exits to initial investors Indian Angel Network and Lighthouse Funds. Daryani also mentioned that about Rs 180-190 crore was for the primary funding of the business

Burger King owner to take full control of Carrols Restaurant in $1 bn deal

Restaurant Brands will take full control of Carrols Restaurant Group in a deal that values the largest Burger King franchise in the U.S at about $1 billion, the company said on Tuesday

Restaurants' body seeks restoration of ITC, higher GST rate of 12%

The National Restaurant Association of India on Monday urged the government to restore input tax credit to restaurants while increasing the GST rate to 12 per cent from the current 5 per cent, ahead of the upcoming Union Budget. In a letter to Finance Minister Nirmala Sitharaman, the National Restaurant Association of India (NRAI) also called for an equitable and fair e-commerce policy, saying balanced policies and regulations are required to enable a level playing field, where platforms can continue to innovate, while restaurants, delivery partners and consumers are protected from potentially exploitative practices. The restaurant industry was one of the sectors that suffered the most during the pandemic but showed great resilience to survive and has since been on a steady path of recovery. If the sector gets a certain amount of policy and budgetary support in the upcoming Budget, it will propel the sector towards an accelerated pace of growth, NRAI said in a statement. Seeking ...

Serving up a slump: QSR players grapple with a side of demand downturn

Margin pressures could remain as sales dip and cost inflation take a bite

Third Wave Coffee raises $35 mn in series C funding round led by Creaegis

Third Wave Coffee is present in several major Indian cities, including Bangalore, Mumbai, Delhi, Gurgaon, Pune, Hyderabad, Noida, Coonoor, and Chandigarh

Weak demand may cap Jubilant FoodWorks rally, it rose 14% from july low

HDFC Securities expects similar weak trends for the September quarter, noting signs of stress in demand even in Tier-II and Tier-III cities

Expecting high demand, QSRs, retail companies expand their workforce

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Westlife Foodworld hits new high; stock up 10% in 2 days on healthy outlook

According to analysts, Westlife will continue outperforming peers, with strengthening of the meal platform, snacking leadership and improved touch-points via omni-channel investments

Westlife Foodworld soars 10% to hit a new high on strong business outlook

Despite weak macros, Westlife Foodworld is targeting 40-45 store additions (vs. 35 in FY23) and has guided for a strong 8 per cent SSG in FY24.

TMS Ep424: Rural demand, FAME, QSR stocks, National Medical Devices Policy

What do the Q4 results tell us about rural demand? What went wrong with the FAME scheme? Will softening inflation bring respite to QSR stocks? What's the National Medical Devices Policy? Answers here

Analysts recommend to selectively buy-the-dip in QSR stocks; here's why

In the past six months, QSR-companies like Devyani International, Jubilant Foodworks, Restaurant Brands Asia, and Sapphire Foods, have tanked up to 26 per cent

This startup is disrupting the QSR model with AI- & IoT-driven kitchen tech

Set up in a college hostel back in 2014, Mukunda Foods has sold its products to about 6,000 restaurants that make Chinese, South Indian, Mughlai and other genres

Growth, margins play whack-a-mole with consumer discretionary space

Some brokerages bet on consumer staples, preferring this more defensive space

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

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

The rise and rise of QSR: Number of start-ups up 23% since 2016

There were 34 companies added to the segment in 2016

Despite biting inflation, analysts bullish on retail stocks for long haul

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

Street signs: Will Nifty sustain 15,000 levels, QSRs underperform, and more

Shares of logistics major Delhivery may come under pressure on Monday as a freeze on shares allotted to anchor investors ends