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QSR cos growth: Retail cos, QSRs expand at slowest pace in 5 years

Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700 stores, averaging 7 a day, but thats nearly half compared to 13 doors each day in FY23. Retail sales growth rate fell year-on-year every month in the previous fiscal, reflecting weak consumer sentiment across segments like apparel, footwear, and QSR....
Tata Trent Rajeev Varman Ashish Dikshit Lalit Agarwal Titan Co Retailers Association Of India

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