3 QSR Stocks With Aggressive Store Expansion Plans in 2026

July 14, 2026
Posted by: Ankit Jaiswal
Category: News

Jubilant FoodWorks CMP Rs 432, mkt cap Rs 28,901 Cr, consolidated revenue up 14.1% YoY. Domino’s India franchise operator.

Jubilant FoodWorks, Westlife Foodworld and Devyani International are three QSR stocks with aggressive store expansion plans as India’s quick-service restaurant sector continues recovering and expanding store networks across both metro and emerging tier 2 and tier 3 city markets.

India’s QSR sector has shown a continuing recovery in same-store sales alongside sustained new store additions, reflecting resilient dining-out demand despite periodic input cost pressures. QSR stocks with aggressive store expansion plans are positioned to capture this multi-year format growth story.

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This article examines Jubilant FoodWorks, Westlife Foodworld and Devyani International as QSR stocks with aggressive store expansion plans, covering their brand portfolios and the risks of this competitive, consumption-linked sector.

Table of Contents

What Are QSR Stocks With Aggressive Store Expansion Plans

QSR stocks with aggressive store expansion plans are quick-service restaurant operators, typically franchisees of global brands, expanding their store networks rapidly across India to capture rising dining-out demand and delivery-driven consumption.

Growth for these companies is typically measured through new store additions, same-store sales growth, and the pace of expansion into smaller cities beyond the initial metro and tier 1 city footprint most QSR chains started with.

Why QSR Companies Are Expanding Store Networks Aggressively

Recovering dining-out demand, growing food delivery adoption and rising disposable incomes in smaller cities are all supporting sustained new store additions across QSR stocks with aggressive store expansion plans in India.

Recovering same-store sales: Same-store sales growth has continued recovering, supporting confidence for QSR stocks with aggressive store expansion plans.
Delivery and digital ordering growth: Rising food delivery platform adoption continues to expand the addressable market beyond dine-in customers.
Tier 2 and tier 3 city expansion: QSR chains are increasingly expanding into smaller cities where brand penetration remains lower.
Franchise model scalability: Franchise-based operating models allow faster store network expansion with more capital-efficient growth.

Company	CMP (Rs)	Market Cap (Rs Cr)	Brand Portfolio
Jubilant FoodWorks Ltd	432.00	28,901	Domino’s Pizza, Popeyes, Dunkin’
Westlife Foodworld Ltd	–	–	McDonald’s (West and South India)
Devyani International Ltd	–	–	KFC, Pizza Hut, Costa Coffee

Jubilant FoodWorks: Domino’s India Franchise Leader

Jubilant FoodWorks is among the leading QSR stocks with aggressive store expansion plans, operating India’s Domino’s Pizza franchise alongside Popeyes and Dunkin’ brands, with consolidated revenue up 14.1 percent year on year to Rs 2,569.3 crore.

The company’s continuing recovery in the quick-service restaurant space, with standalone revenue growing 9.2 percent, reflects sustained new store additions and same-store sales improvement across its multi-brand portfolio in India.

Westlife Foodworld: McDonald’s Franchise Expansion

Westlife Foodworld is among the QSR stocks with aggressive store expansion plans, operating the McDonald’s franchise across West and South India, continuing to add new restaurant locations across both established and emerging markets.

The company’s focused geographic mandate for the McDonald’s brand in its licensed territories allows concentrated execution on store expansion and same-store sales growth within a well-defined operating footprint.

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Devyani International: Multi-Brand QSR Portfolio

Devyani International rounds out the QSR stocks with aggressive store expansion plans through its diversified portfolio spanning KFC, Pizza Hut and Costa Coffee franchises, giving it exposure across multiple quick-service restaurant categories.

The company’s multi-brand strategy allows it to capture different consumer segments and occasions, from quick coffee purchases to full meal dining, supporting a broader store expansion opportunity than single-brand QSR operators.

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Factors Affecting QSR Stocks With Aggressive Store Expansion Plans

Same-store sales trends: Existing store performance is a key indicator of brand health alongside new store addition pace.
Input cost inflation: Rising food commodity and packaging costs can affect margins even as revenue grows through expansion.
Rental and real estate costs: Store expansion economics depend significantly on rental cost trends in target markets.
Delivery platform commission costs: Third-party food delivery platform fees affect overall profitability for QSR operators.
Competitive intensity: Rising competition among QSR brands and homegrown players can pressure same-store sales growth.

Benefits of Investing in QSR Stocks With Aggressive Store Expansion Plans

Structural dining-out growth: Rising disposable incomes support long-term demand for QSR stocks with aggressive store expansion plans.
Established global brand recognition: Franchise relationships with established global brands provide built-in customer trust and marketing support.
Multi-format revenue streams: Dine-in, delivery and takeaway channels provide diversified revenue capture across consumer occasions.
Geographic expansion runway: Continued penetration into tier 2 and tier 3 cities provides a long runway for store network growth.
Franchise model efficiency: Capital-efficient franchise operating models support faster store network scaling.

Risks of Investing in QSR Stocks With Aggressive Store Expansion Plans

Same-store sales volatility: Consumer spending slowdowns can pressure same-store sales even as store count continues growing.
Input cost volatility: Food commodity price swings can compress margins across the QSR sector.
Rental cost inflation: Rising commercial rental rates in key markets can affect new store expansion economics.
Delivery platform dependence: Heavy reliance on third-party delivery platforms creates commission cost and customer relationship risk.
Execution risk on rapid expansion: Aggressive store rollout can strain operational quality and brand consistency if not managed carefully.

How to Choose QSR Stocks With Aggressive Store Expansion Plans

Compare same-store sales growth trends alongside new store addition pace across QSR operators.
Review brand portfolio diversification and its resilience across different consumer occasions.
Assess input cost management and margin trends relative to store network growth.
Track geographic expansion into tier 2 and tier 3 cities as a growth runway indicator.
Evaluate delivery platform dependence and its impact on overall profitability.

How to Invest in QSR Stocks With Aggressive Store Expansion Plans

Use the Univest platform to track same-store sales and quarterly results for QSR stocks.
Open a demat and trading account with Univest for zero-brokerage execution.
Track quarterly results for Jubilant FoodWorks, Westlife Foodworld and Devyani International through the Univest app.
Consult a SEBI-registered advisor before allocating capital to consumption-linked QSR stocks.
Review positions periodically as same-store sales and input cost trends evolve.

Conclusion

Jubilant FoodWorks, Westlife Foodworld and Devyani International represent three QSR stocks with aggressive store expansion plans, capturing India’s recovering dining-out demand through established global franchise brands. Historically, this sector has offered structural growth alongside input cost and same-store sales volatility, making margin trends an important factor to track. Consult a SEBI-registered advisor before making investment decisions.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

Which are the leading QSR stocks with aggressive store expansion plans?

Ans. Jubilant FoodWorks, Westlife Foodworld and Devyani International are among the leading QSR stocks with aggressive store expansion plans in India.

What brands does Jubilant FoodWorks operate?

Ans. Jubilant FoodWorks, among QSR stocks with aggressive store expansion plans, operates India’s Domino’s Pizza franchise alongside Popeyes and Dunkin’ brands, with consolidated revenue up 14.1 percent year on year.

Which territories does Westlife Foodworld cover for McDonald’s?

Ans. Westlife Foodworld, one of the QSR stocks with aggressive store expansion plans, operates the McDonald’s franchise across West and South India.

What is Devyani International’s brand portfolio?

Ans. Devyani International, among QSR stocks with aggressive store expansion plans, operates a diversified portfolio spanning KFC, Pizza Hut and Costa Coffee franchises.

What drives demand for QSR stocks with aggressive store expansion plans?

Ans. Recovering dining-out demand, growing food delivery adoption and rising disposable incomes in smaller cities are the core drivers for QSR stocks with aggressive store expansion plans.

What risks affect QSR stocks with aggressive store expansion plans?

Ans. Key risks include same-store sales volatility, input cost inflation, rising rental costs and dependence on third-party delivery platforms.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.