Qsr Chain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jubilant Foods Ltd (JFL) CEO and MD Sameer Khetarpal revealed that the company expects its fried chicken brand Popeyes to surpass Rs 1,000 crore in sales within the next 3-4 years. Additionally, JFL, the master franchisor of Domino's, aims to expand its outlets to around 3,000 in the medium term. Khetarpal highlighted the rapid expansion of QSR brands, especially Domino's, due to India's growing economy and urbanization.

“Even though the company has a runway in terms of funds for the next three years, raising capital takes at least a year… So, if we start the process in 2024 it will take another 8 to 10 months for the funds to flow in,” Singh said.

Burger Singh: “Even though the company has a runway in terms of funds for the next three years, raising capital takes at least a year… So, if we start the process in 2024 it will take another 8 to 10 months for the funds to flow in,” Singh said.

99 Pancakes: The brand plans to invest Rs 20 crore and enter markets including Delhi, Bengaluru, Ahmedabad, Mumbai, Pune, Hyderabad, Chennai, Nagpur, Nashik, etc.

Global research and broking firms Jefferies and CLSA have downgraded their ratings for Devyani International, which reported a 21.15 percent year-on-year decline in its consolidated net profit at Rs 59.87 crore in the March quarter.