Page 2 - Quick Service Restaurants

Online food delivery mkt to touch Rs 2 trn mark by 2030: Bain-Swiggy report

Online food delivery has steadily increased over the years, with penetration rising from 8 per cent to 12 per cent between 2019 and 2023, representing a 2.8 times growth

Haldiram's exploring IPO as plans to sell to foreign investors stall

IPO considerations are preliminary and the controlling shareholders may still decide to lower their asking price and proceed with a sale

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

Food delivery major Swiggy gets one step closer to $1.25 billion IPO

The company is also looking to raise around Rs 750 crore from anchor investors ahead of its IPO, which is expected later this year

Weak demand environment to delay recovery in quick-service restaurants

While competition is intense, growth has seen non-vegetarian options starting to outpace vegetarian. KFC, for example, has an 85 per cent contribution from non-vegetarian

Muted demand environment to hit Jubilant FoodWorks' near term earnings

This was the fourth consecutive quarter of a decline in LFL growth for the pizza market leader

McDonald's removes 'cheese' from its outlet menus in Maharashtra

Move comes after Maharashtra FDA accused chain of using cheese substitutes in burgers and nuggets

Jubilant FoodWorks expects Popeye to be Rs 1,000 cr brand in next 3-4 years

As far as demand is concerned, Pande believes that it is cyclical and demand will revive for the QSR industry

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

Meet the entrepreneurs turning India's streets into gastronomic hotspots

Jubilant Foodworks Q3 results: Profit falls to Rs 65 crore on muted demand

The company had posted a consolidated net profit of Rs 80.36 crore in the year-ago period, Jubilant Foodworks Ltd (JFL) said in a regulatory filing

Restaurant Brands Asia Q3 results: Net loss narrows to Rs 36.18 crore

The company, which runs quick service chains owned by Restaurant Brands International, said prices of ingredients including chicken, cheese, tomatoes and onions rose 12.6%

Thai acquisition offers additional growth engine for Devyani International

Indian QSR chain expands international presence by buying firm that runs KFC outlets in Thailand

With customers spending more, restaurants to hire 500,000 in next 12 months

Westlife Foodworld, which owns and runs McDonald's restaurants in western and southern India, plans to open 40-45 stores every year

Quick commerce platform Zepto's FY23 losses widen 3x to Rs 1,272 crore

The firm's total expenses came in at Rs 3,350 crore, a six-fold increase from Rs 532.7 crore in FY22. To earn a rupee, Zepto spent about Rs 1.7 during the year

Be selective in consumption stocks ahead of ICC World Cup, say analysts

Headwinds for the airlines and QSR sectors, analysts believe, could outweigh the positives in the form of a demand uptick

McDonald's plans to raise royalty fees for new US restaurant operators

The change will not affect existing franchisees who are maintaining their current footprint or who buy a franchised location from another operator

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

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

Quick commerce gains traction as firms edge towards profitability

Blinkit to provide greater shareholder value than Zomato in a decade, says Deepinder Goyal; Zepto eyes cashflow positivity in a year