Companies say inflation has normalised on a high base across most inputs, including chicken, oil, wheat and packaging, but not dairy.
The Tiger Global-backed restaurant chain says Wow! Momo, Wow! China and Wow! Chicken have been launched in the 'festivemverse'
Café chains, quick service restaurants outlets such as Chaayos, Beer Café, Copper Chimney, and Sassy Teaspoon are reopening stores as sales returns to pre-COVID levels. Higher rentals pose a challenge.
At the city level, a large share of the QSR market rests in metros and mini metros due to higher consumption, heightened consumer awareness, and exposure in key cities such as Delhi, Mumbai, Bangalore and Hyderabad.
Paytm's mobile wallet will soon be accepted at quick service restaurants (QSRs), including Domino's and Cafe Coffee Day, as the Alibaba-backed company forays into the offline retail space in the next two months.
Credit Suisse has an "underperform" rating on Jubilant Foodworks and sees downside risks to the Domino's Pizza and Dunkin' Donuts restaurant chain operator's same-store sales guidance of 8-10 percent.
As restaurants cost more, small eateries tempt with affordable menus in metros
Morgan Stanley on Monday downgraded Jubilant Foodworks to "equal weight" from "overweight," citing increasing competition from the likes of Pizza Hut and the stock outperformance in the last one year, sending its shares down 2 percent.