Opening 650 restaurants by 2033 doesn’t sound like aggressive expansion. Its like opening 65 stores per year for 10 yrs. Compare this to Jubilant Foodworks, who open 250 odd stores/year.
In India, white spaces exist when it comes to penetration of QSR / Fine-dine branded restaurants. It should not be such a great deal to manage competition …IMO.
Everyone has to find their own niche and their loyal customers. Keep innovating on the menu, offer good value to the customer. Rising per capita incomes shall take of the rest.
Disc : holding Jubilant, Devyani. Biased
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