Page 3 - Quick Service Restaurants

Younger Indian consumers now prefer cafes over quick-service restaurants

Large chains like Tata Starbucks, Costa Coffee, and Barista have highlighted India as a top growth market, growing in double digits

McDonald's joins hands with Simpl to provide 1-tap payment facility

McDonald's operates 357 restaurants in 56 Indian cities across the West and South of the country

Gen Atlantic, Advent Int soon to acquire Everstone's Burger King stake

As of March 31, Burger King and its sub-brand BK Cafe together had a total of 391 restaurants in the country. BK Cafe is engaged in the business of serving coffee and beverages to its customers

Swiggy's food delivery business turned profitable in March: CEO Majety

Rare for global food delivery platforms to achieve profitability in less than 9 years, he says

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

Icra projects 20-25% growth for quick-service restaurant industry in FY24

India's quick service restaurant industry is likely to witness 20-25 pc growth in the current financial year supported by demand uptick and increasing penetration driven by a rapid expansion of stores. Over the long-term, revenue growth shall be supported by factors like rising QSR penetration levels, a shift from the unorganised to the organised segment with a preference for branded quick service restaurant (QSR) players, given the hygiene and convenience factors (delivery over dine-in), etc, ICRA said. "On the back of a robust industry revenue expansion of around 30-35 per cent in YoY terms estimated for FY2023, ICRA projects growth to moderate somewhat while remaining strong at 20-25 per cent in FY2024 on account of the demand uptick and increasing penetration driven by a rapid expansion of stores," the rating agency said. However, downside risks to the estimates remain from the emergence of any further Covid waves or any material weakening in purchasing power due to a high ...

Top 11 listed entities in Retail and QSRs opened 12 stores a day in 2022

The report added that companies have ramped up store launches to take advantage of lower rent rates at key locations

Served fair: Zomato, Swiggy cap password sharing for loyalty schemes

Members will be able to use their accounts only on two devices as companies aim to plug misuse

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

There were 34 companies added to the segment in 2016

Higher costs and elusive profits: Why quick deliveries in India may go slow

A founder of a quick service company reportedly said that the 10-minute delivery was something of a "gimmick" as the speed of the delivery has slowed down and the costs have rise

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

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

Delhi HC gives the green light to restaurants to levy service charges

It comes just days after, on Tuesday, HC had asked the restaurants why they could not increase the salaries of their staff instead of levying a service charge

Amid margin worries, Jubilant stock to face downside pressure in near term

Aggressive expansion, raw material inflation, and competitive pressures to hit Quick Service Restaurant (QSR) player Jubilant FoodWorks stocks and profitability, say analysts

Analysts take a bite of premium QSR stocks as restaurants hike prices

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said

Service charge issue: Restaurants body, owners says govt's move unfortunate

A national food industry body and several restaurant owners on Friday said the government's move to come out with a legal framework to stop service charges will hurt the staff

NRAI says service charge levy by restaurants matter of individual policy

The National Restaurant Association of India (NRAI) on Thursday told the government that levy of service charge by a restaurant is a matter of individual policy and there is no illegality in levying it.

Why Westlife could outperform Jubilant FoodWorks in the near term

All QSR majors, however, will face margin pressures given rise in food prices, analysts say