Devyani International, Westlife Foodworld: QSR stocks rally over 7%; what you need to know

The stock of the operator of QSR brands, including KFC, Pizza Hut (both as franchisees of Yum! Brands), and Costa Coffee (as an exclusive franchisee), rallied as much as 10.61% to ₹171.95 on the NSE.

The stock eventually ended at ₹166.99 on the NSE, up 7.42%.

Besides, Restaurant Brands Asia shares ended at ₹80 apiece on the NSE, up 1.69%. Sapphire Foods India ended 3.9% higher at ₹326.55. Westlife Foodworld shares gained 3.23% to end at ₹680.15 apiece on the NSE.

On the other hand, Jubilant FoodWorks shares were down 0.28% at ₹633.45 apiece on the NSE.

India Quick Service Restaurant Market Analysis

The India quick service restaurant market size is estimated at $27.80 billion in 2025 and is expected to reach $43.5 billion by 2030, at a CAGR of 9.36% during the forecast period (2025-2030).

According to a study, the Indian quick-service restaurant industry is experiencing significant transformation driven by evolving consumer preferences and dining habits.

The sector has witnessed a notable shift in consumption patterns, with recent studies indicating that 94% of men and 96% of women prefer to consume fast food at least once per week.

"This changing behaviour is reflected in the average order value, which reached $3.29 in 2022, demonstrating consumers' increasing willingness to spend on quick-service dining options. The industry has responded by diversifying menu offerings, incorporating both international and localised flavours to cater to varied taste preferences," said a report by Mordor Intelligence, a global market research company.

Here is how companies fared in Q1 FY26

Devyani International

Devyani International said its net profit plummeted over 90% to ₹2.22 crore in the June quarter of FY26 (Q1 FY26).

It had reported a net profit of ₹22.43 crore in the April-June period a year ago, according to a regulatory filing.

Revenue from operations grew 11.05% to ₹1,356.96 crore in the June quarter of FY26. It was ₹1,221.90 crore in the corresponding period last fiscal.

"This (revenue) growth was driven by healthy growth from KFC, Costa and the Food Court business in India and supported by 11.2% YoY growth in the international business," an earnings statement said, quoting its non-executive chairman, Ravi Jaipuria.

Reported EBITDA stood at ₹205 crore, with EBITDA margins at 15.1%.

"The slight dip in margins was due to deleverage from lower ADS YoY and investments in marketing and promotions in the quarter," the chairman said.

Total expenses of the quick service restaurant (QSR) operator rose 13.82% to ₹1,367.39 crore.

Its total income, which includes other income, was ₹1,370.47 crore, up 11.25% in the June quarter.

During the quarter, DIL added 106 new stores, taking the total count to 2,145. This also includes 105 stores of Sky Gate Hospitality, where DIL acquired an 86.13% stake in the June quarter.

Sky Gate Hospitality owns the 'Biryani By Kilo' brand.

DIL is the largest franchisee for Yum Brands' QSR chains – KFC & Pizza Hut – in India. In addition, DIL is the sole franchisee for Costa Coffee, Tea Live, New York Fries and Sanook Kitchen in India. It also owns the South Indian vegetarian food QSR chain Vaango.

Restaurant Brands Asia

Restaurant Brands Asia, the operator of Burger King and Popeyes in India, narrowed its losses for the first quarter (Q1 FY26). The company reported a net loss of ₹41.9 crore for the April-June quarter versus ₹49.3 crore logged in the year-ago period.

Revenue from operations increased 7.9% to ₹697.7 crore against ₹646.6 crore seen in the corresponding period of the preceding fiscal.

At the operating level, EBITDA surged 16.5% to ₹72.9 crore in this quarter over ₹62.6 crore year-on-year. The EBITDA margin expanded to 10.4% from 9.7% in Q1 FY25.

The company witnessed an addition of 63 stores over the last year and a same-store sales growth of 2.6%. Notably, traffic in its dine-in restaurants, as per news reports, grew by over 6%, driven by the launch of its new Korean range of products, along with the focus on its value offerings.

Sapphire Foods India

Sapphire Foods India, the franchisee operator for YUM Brands' QSR chains KFC and Pizza Hut, reported a consolidated loss of ₹1.73 crore for the June quarter (Q1 FY26).

The company had posted a consolidated net profit of ₹8.18 crore in the same quarter a year ago, according to a regulatory filing by Sapphire Foods India, which operates in India and Sri Lanka.

Its consolidated revenue from operations rose 8.14% to ₹776.82 crore in the June quarter, up from ₹718.28 crore seen in the year-ago period, it added.

The company's total expenses increased 10.35% to ₹785.45 crore logged during the quarter.

The total consolidated income, which includes other income, grew 8.3% to ₹783.61 crore during the period under review.

In Q1FY26, it added 8 KFC restaurants, 2 Pizza Hut restaurants and 1 Pizza Hut restaurant in the Sri Lanka market.

Westlife Foodworld

Westlife Foodworld, the operator of McDonald's restaurants in West and South India, reported a decline of 62.5% in its consolidated net profit to ₹1.22 crore in the June quarter.

The company had reported a consolidated net profit of ₹3.25 crore in the April-June quarter a year ago, according to a regulatory filing from Westlife Foodworld.

However, its sale rose 6.45% to ₹653.25 crore in the June quarter of FY26. In the year-ago period, the same stood at ₹613.64 crore.

Total expenses of Westlife Foodworld in the June quarter climbed 7.43% to ₹662.78 crore.

Westlife Foodworld's total income, which includes other incomes, increased 7% to ₹664.44 crore in the June quarter

In a separate filing, Westlife Foodworld informed that its board in a meeting held on Wednesday approved an interim dividend of 75 paise per equity share of face value of ₹2 each for FY26.

This is on the basis of the financial performance by the company in the June quarter.

Jubilant Foodworks

Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts, reported a 62.58% increase in consolidated net profit to ₹94.33 crore during the June quarter.

The company reported a net profit of ₹58.02 crore for the April-June period a year ago, JFL, which is part of the Jubilant Bhartia Group, said in a regulatory filing.

Revenue from operations was up 16.95% to ₹2,260.86 crore in the June quarter from ₹1,933.06 crore seen a year ago.

Its total expenses were ₹2,153.74 crore in the June quarter, up 15.3%.

JFL's total income, which includes other income, was up 16.88% to ₹2,279.39 crore.

JFL's revenue from the Indian market during the quarter was ₹1,701.6 crore, up 18.2%, driven by 17.7% growth in Domino's India business, the company said in its earnings presentation.

"In Turkey, sales came in at ₹9,300 million (₹930 crore)... Domino's Sri Lanka revenue of ₹248 million (₹24.8 crore) was up by 42.4%. Domino's Bangladesh revenue came in at ₹177 million (₹17.7 crore), higher by 4.3%. A total of 13 net stores were added across all brands in the international markets, ending the period with 1,025 stores," the company said in a filing.

JFL added 71 stores during the quarter, taking the group network to 3,387 stores, in which Domino's network is 3,098 stores.

JFL is a leading QSR chain operator with franchise rights for three global brands -- Domino's, Popeyes and Dunkin' -- and two owned brands, Hong's Kitchen, an Indo-Chinese QSR brand in India, and a CAFÉ brand -- COFFY -- in Turkey.