8 months ago
India's QSR Boom: Four Stocks Riding the Wave
India is seeing a big increase in people eating out quickly, like burgers, pizzas, and coffee.
This is because more young people are busy with work and want fast food that tastes good.
Four companies are doing well in this market.
Travel Food Services serves food at airports and has grown a lot.
Devyani International runs KFC and Pizza Hut and is opening more stores.
Jubilant FoodWorks, which runs Domino's, is also growing fast.
Restaurant Brands Asia, which runs Burger King, is doing well in India but having some trouble in Indonesia.
All these companies are expanding and making more money, but their stock prices have gone up and down.
Investors need to look carefully before putting money into these companies.
India's QSR market is growing rapidly due to changing eating habits and increased demand for quick, convenient food.
Travel Food Services reported 18.4% YoY sales growth, expanding to over 500 airport-focused outlets.
Devyani International added 33 new stores and saw 12.6% YoY revenue growth despite some challenges.
Jubilant FoodWorks reported 19.7% YoY revenue growth, adding 93 new outlets and expanding its delivery base.
Restaurant Brands Asia saw 15.6% YoY revenue growth but faces challenges in its Indonesia operations.
- Who
- Four QSR companies: Travel Food Services, Devyani International, Jubilant FoodWorks, Restaurant Brands Asia
- What
- Expansion and growth in India's quick service restaurant (QSR) market
- Where
- India, with some international operations
- When
- Current trends and recent financial performance (Q2 FY26)
- Why
- Increasing demand for quick, convenient, and branded food options among young Indians
Key facts
- Travel Food Services
- Airport-focused QSR, 500+ outlets, 18.4% YoY sales growth
- Devyani International
- KFC & Pizza Hut franchisee, 2,184 units, 12.6% YoY revenue growth
- Jubilant FoodWorks
- Domino's & Dunkin' franchisee, 3,500 stores, 19.7% YoY revenue growth
- Restaurant Brands Asia
- Burger King franchisee, 533 restaurants, 15.6% YoY revenue growth
- Sales Growth (3Y CAGR)
- Travel Food Services: 63%, Devyani: 33%, Jubilant: 23%, RBA: 20%
- Valuation (EV/EBITDA)
- Travel Food Services: 25.8, Devyani: 23.9, Jubilant: 24.6, RBA: 16.2
- Share Price Change (1Y)
- Travel Food Services: +21.2%, Devyani: -19.3%, Jubilant: -14.7%, RBA: -27.9%





