Quick Service Restaurants

In Q3FY25, Domino's pizza chain operator Jubilant FoodWorks has reported a 56.2 per cent year-on-year growth in consolidated revenue from operations at Rs 2,153 crore

The company continues to outperform its peers even in a soft demand environment and analysts believe it will maintain its sales momentum even in the second half of FY25

The traders' body issued a white paper, claiming unfair business practices are putting nearly a quarter of 3 crore kirana retailers out of business

The programme, on the lines of Fulfilled by Amazon (FBA), has already attracted over 200 brands

Consumers are generally paying more while ordering food from online platforms and apps compared to eating at the same restaurant from which they order online

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

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

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

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

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

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

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

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

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

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

Meet the entrepreneurs turning India's streets into gastronomic hotspots

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

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%