QSR
Breaking News
Rapid growth of Zomato and Swiggy to dent QSR sales: BNP Paribas Report
The swift growth and increasing popularity of foodtech giants Zomato and Swiggy are expected to negatively impact sales in the quick-service restaurant (QSR) sector,...
Retail sales growth slows down as India’s revenge shopping fades
After a surge in spending across various segments—from clothing to automobiles—driven by revenge shopping in the post-pandemic period, India's retail sales growth is now...
Despite strong sales growth, Starbucks India logs INR 81.84 Crore losses
Starbucks, a US-based coffee chain, reported a 12% growth in sales to INR 1,218 crore, but losses widened to INR 81.84 crore for its...
McDonald’s hits 400-store milestone in India with new outlet at Hyderabad Airport
McDonald's, the American fast-food chain, has achieved the milestone of 400 stores in India, according to a recent social media post by an industry...
Retail sales mark 4% YoY growth in April 2024: RAI Survey
Retail sales in April 2024 surged by 4% compared to the sales levels during the same period in April 2023, as revealed by the...
CYK Hospitalities strengthens its leasing portfolio for QSR brands
CYK Hospitalities, an end-to-end F&B consultancy firm, has announced notable strides in reinforcing its leasing portfolio for Quick Service Restaurant (QSR) brands in the...
Devyani International forms JV with PVR Inox to develop food courts in malls
Devyani International, the operator of well-known quick service restaurants (QSRs) like KFC and Pizza Hut, established a 51:49 joint venture with cinema operator PVR...
Fast-food chains pin hopes on gradual demand recovery amid soft market conditions
The fast-food industry faced significant underperformance in the previous fiscal year. Following a strong performance in fiscal 2022 and the first half of fiscal...
KFC Malaysia temporarily closes outlets, citing economic challenges
KFC Malaysia has decided to temporarily shut down its outlets across the country, attributing the move to challenging economic circumstances. This decision follows reports...
India’s QSR sector set to soar to USD 38.71 Billion by 2029, but non-compliance threatens growth trajectory
With India's food industry experiencing remarkable growth, the Quick Service Restaurant (QSR) sector is expected to achieve a significant milestone, reaching USD 38.71 billion...
Third Wave Coffee’s FY23 losses soar, nearly quadruple to INR 55 Cr despite surge in sales
Third Wave Coffee Roasters, a Bengaluru-based QSR coffee chain, saw its losses nearly quadruple in the financial year ended on March 31, 2023. The...
Magicpin to expand workforce with 250 new hires over next 6 months
Magicpin, a hyper-local e-commerce company, plans to hire over 150 professionals for its sales and acquisition team, as well as 100 people for the...
