India’s quick-service restaurant (QSR) industry continues to be a hotbed for investment, with major players expanding aggressively despite short-term hurdles. Analysts have issued strong “Buy” recommendations for three major QSR operators: Jubilant FoodWorks Ltd, Devyani International Ltd, and Sapphire Foods Ltd. These companies are capitalizing on franchise growth, new brand strategies, and an anticipated recovery in urban spending.
Jubilant FoodWorks: Expanding Domino’s Footprint and New Ventures
Jubilant FoodWorks, the master franchisee for Domino’s Pizza and Dunkin’ Donuts in India, is making significant strides in expansion. With a market capitalization of ₹40,342.94 crores as of Wednesday, its stock opened at ₹610.80, and analysts see strong upside potential.
One of India’s top brokerage firms, Sharekhan, has assigned a “Buy” rating with a target price of ₹799, representing a 31.06% upside from current levels. The optimism stems from Jubilant’s Ambition FY28 strategy, which targets:
- Double-digit revenue CAGR (Compound Annual Growth Rate) over the next five years.
- 200 basis points (bps) increase in PAT (Profit After Tax) margins by 2028.
- 3,000+ Domino’s outlets across India, strengthening its leadership position.
Additionally, Jubilant FoodWorks is investing in new platforms such as Big Big Pizza and Coffy, a coffee brand it aims to position among Turkey’s top three. With a focus on supply chain efficiency and capital allocation, analysts believe the company’s free cash flow maximization strategy will further boost long-term value.
Devyani International: KFC, Pizza Hut, and Costa Coffee Growth Strategy
Devyani International, a major franchisee of KFC, Pizza Hut, and Costa Coffee in India, has demonstrated resilient growth despite facing near-term headwinds. With a market capitalization of ₹20,259.24 crores, its stock opened at ₹167.95, and analysts expect further gains.
Leading brokerage Motilal Oswal has issued a “Buy” rating with a target price of ₹215, implying a 28.01% upside. The firm’s bullish stance is backed by:
- 111 new store openings in Q3FY25, accelerating its expansion.
- Strategic cost optimization measures, aimed at improving profitability.
- Launch of KFC cafes, bringing innovation to the fast-food space.
The company is benefiting from pro-consumption government policies, which analysts believe will stimulate demand in the QSR sector. Additionally, Devyani’s focus on improving unit economics and scaling its network positions it for a strong performance rebound in the coming quarters.
Sapphire Foods: KFC, Pizza Hut, and Taco Bell Driving Growth
Sapphire Foods, which operates KFC, Pizza Hut, and Taco Bell franchises in India, Sri Lanka, and the Maldives, has been expanding steadily despite some same-store sales growth (SSSG) challenges. The stock, with a market capitalization of ₹10,309.41 crores, opened at ₹321.25 on Wednesday.
Brokerage firm Motilal Oswal has assigned a “Buy” rating with a target price of ₹415, suggesting a 29.69% upside. The key growth drivers include:
- Robust store expansion, increasing its footprint in key markets.
- Revenue growth from KFC and Pizza Hut, its strongest brands.
- Stabilization in the Sri Lankan market, which has contributed positively to overall financials.
However, Sapphire Foods has faced dine-in sales underperformance and weak SSSG, which analysts believe will be offset by an expected recovery in urban consumption. The company’s focus on optimizing Average Daily Sales (ADS) and enhancing profitability across existing outlets is expected to sustain long-term growth.
| Company | Market Cap (₹ Cr.) | Opening Price (₹) | Target Price (₹) | Upside Potential (%) |
|---|---|---|---|---|
| Jubilant FoodWorks | 40,342.94 | 610.80 | 799 | 31.06% |
| Devyani International | 20,259.24 | 167.95 | 215 | 28.01% |
| Sapphire Foods | 10,309.41 | 321.25 | 415 | 29.69% |
The Indian QSR market remains resilient, with leading brands expanding aggressively despite macroeconomic challenges. The brokerage-backed bullish outlook on Jubilant FoodWorks, Devyani International, and Sapphire Foods reflects confidence in their long-term growth strategies.
- Jubilant FoodWorks is doubling down on Domino’s expansion and new ventures like Big Big Pizza and Coffy.
- Devyani International is scaling its store network and leveraging cost efficiencies to drive profitability.
- Sapphire Foods is enhancing sales productivity while benefiting from a recovery in urban spending.
With high upside potential across all three stocks, analysts see strong returns for investors who bet on India’s fast-growing QSR industry.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-350x250.png)
