Competition among QSRs has investors questioning if pizza will lose out to other comfort foods like burgers, fried chicken, and biryani. KFC has seen growth and outperformed pizza, while pizza firms face slow store growth expansion. Among QSR stocks, Sapphire Foods has given a decent return in last 6 months, and buy ratings are recommended for Devyani, Sapphire, and Restaurant Brands Asia.
During the quarter, the pizza seller reported a 4.5% year-on-year (YoY) rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.
The company opened 30 new stores in India, resulting in a network of 1,891 stores across all brands. With the addition of 23 new stores and entry in one new city, Dominos India expanded its network strength to 1,838 stores across 394 cities.