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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
QSR chains witness improved demand trends in March quarte...
2026-05-17 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Westlife Foodworld Ltd, which operates McDonald’s outlets in West and South India, reported same-store sales growth of 1.5 per cent for the March quarter

Westlife Foodworld Ltd, which operates McDonald’s outlets in West and South India, reported same-store sales growth of 1.5 per cent for the March quarter | Photo Credit: PRIYANSHU SINGH

Leading QSR brands such as KFC and Burger King have reported strong performance in terms of same-store sales growth in the March quarter, aided by better demand trends due to GST rationalisation as well as sharper focus on value offerings. At the same time, QSR chains remain bullish on store expansion in FY27.

Same store sales growth measures revenue growth only of established stores that were operational for a specified period of time.

Speaking on an earnings call, Manish Dawar, President & CEO, Devyani International said, “KFC (India) delivered a positive SSSG (Same store sales growth) of 4.9 per cent for the March quarter, the strongest performance in the last 14 quarters, reaffirming both the resilience of the brand and the long-term opportunity in the market. This momentum translated into nearly 15 per cent year-on-year growth for KFC, with Q4 revenues of ₹586 crore.”

 The company’s management also said that it has begun sharply focusing on tailoring offers, price points and promotions to make sure dine-in consumers are attracted to the outlets. The company plans to add 100-110 net new outlets of KFC in FY27.

Consistent Growth

Rajeev Varman, Whole-time Director and Group Chief Executive Officer, Restaurant Brands Asia Ltd said, “Same-store sales growth for Burger King India of 6.3 per cent in March quarter marks our highest growth over the last 12 quarters. Our supply chain strategy along with menu innovation, digital initiatives and energy efficiency measures has resulted in clear outperformance.” 

The restaurant players said it saw consistent growth across dine-in and delivery channels in the March quarter. The company said it remains focused on adding 60 - 80 new restaurants every year and added over 68 new stores in India in FY26.

Good Start

Meanwhile, Westlife Foodworld Ltd, which operates McDonald’s outlets in West and South India, reported same-store sales growth of 1.5 per cent for the March quarter while overall topline grew 9 per cent year-on-year.

Akshay Jatia, President & Chief Executive Officer, Westlife Foodworld Ltd told investors, “ What is particularly reassuring is the underlying improvement in footfall trend with positive growth all three months of the quarter. Similar momentum is continuing into April as well, setting the base for a good start to the new fiscal year. Going forward, we plan to further accelerate our expansion by opening 60 plus restaurants annually with all new stores fully equipped with digital modern design and McCafes, reflecting our confidence in the strength of our industry and the opportunity that lies ahead.”

Published on May 17, 2026