Fast-food chains fast track growth

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₹4,236 billion in FY20, Edelweiss said in its research note. As of FY20—organized QSRs had a market size of ₹348 billion.

Future growth in the segment will be driven by chains in the QSR market, which accounted for 54% of the total QSR sub-segment in FY20 and are estimated to reach 64% of the QSR sales by FY25, it said.Westlife Foodworld that operates McDonald's outlets in south and west India opened 41 stores in FY24 with a target of 45-50 stores in FY25. In 2022, the company had outlined plans to add 250-300 stores, most of them in small towns, over the next five years and double sales to more than ₹4,000 crore; it planned an investment of ₹1,400 crore then.

The management of Devyani International that operates KFC, Costa Coffee, and Pizza Hut restaurants in India has also guided for 275-300 net new store additions in FY25, with 120-130 KFC stores, 70-80 Pizza Hut stores and 60-70 Costa Coffee stores. Sapphire Foods India that, too, operates KFC and Pizza Hut outlets in India has retained its three-to-four year guidance of doubling the count of its outlets on the base of December 2021, according to the BNP Paribas.Last month, Devyani International Ltd partnered cinema exhibitor PVR Inox Ltd, to jointly establish a company to develop and operate food courts within shopping malls in India.Domino’s Pizza India opened its first store in New Delhi in 1996; today it operates 2,000 pizza stores across 421 cities here.