3 Fundamentally Strong QSR Stocks in India (August 2026)

August 20, 2026
Posted by: Kunal Singla
Category: Market

Quick Service Restaurant sector stocks. Jubilant FoodWorks Ltd CMP Rs 498.3 | PE 73.46 | ROE 18.69%. Devyani International Ltd CMP Rs 142.9 | PE –. Sapphire Foods India Ltd CMP Rs 233.7

Quick Answer

Three quick service restaurant stocks in India are Jubilant FoodWorks Ltd (MCap Rs 33,058 Cr, PE 73.46, ROE 18.69%), Devyani International Ltd (MCap Rs 17,489 Cr, PE –, ROE -1.32%), and Sapphire Foods India Ltd (MCap Rs 7,479 Cr, PE –, ROE -1.04%). Each covers a distinct sub-segment of the quick service restaurant sector, with different risk-reward profiles across market cap, valuation, and growth trajectory. Verify all data at nseindia.com or bseindia.com before making any investment decision.

The three quick service restaurant stocks in India discussed in this article are Jubilant FoodWorks Ltd, Devyani International Ltd, and Sapphire Foods India Ltd. Each represents a different positioning within the quick service restaurant sector in India, and all have been selected based on fundamental financial metrics available from public exchange disclosures as of . Identifying fundamentally strong quick service restaurant stocks in India requires looking at PE ratios, ROE, quarterly earnings trend, and sector-specific operational metrics rather than price momentum alone.

Track the Nifty 500 index for broader quick service restaurant sector performance alongside individual stock analysis.

This article covers the key financial data, budget 2026-27 impact, and sector-specific factors that investors should weigh when evaluating quick service restaurant stocks in India. All data reflects publicly available exchange information. Verify every figure at nseindia.com or bseindia.com before making any investment decision in quick service restaurant stocks in India or any other security.

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Table of Contents

What Are Quick Service Restaurant Stocks in India?

Quick service restaurant stocks in India are companies operating franchise-based or proprietary fast food restaurant chains across urban, semi-urban, and highway locations. The sector covers Domino’s (Jubilant Foodworks), KFC, Pizza Hut (Devyani International), and KFC, Pizza Hut, and Taco Bell in South India (Sapphire Foods). Fundamental strength in QSR stocks in India is assessed on same-store sales growth (SSSG), average daily sales per restaurant, EBITDA margin (typically 20-25% for well-run QSR chains), new store addition pace, and delivery versus dine-in revenue mix.

Budget 2026-27 Impact on Quick Service Restaurant Stocks in India

The Union Budget 2026-27 has reinforced the investment case for quick service restaurant stocks in India through several sector-specific allocations:

FSSAI regulatory cleanup for organized food service: Clearer food safety standards and compliance requirements favor branded QSR stocks in India over unorganized local restaurants, improving market share for listed operators.
India organized food service market Rs 7.7 lakh crore by FY28: Budget 2026-27 includes food processing and hospitality support, with the organized food service sector growing at 12-15% annually, directly benefiting QSR stocks in India.
ONDC integration for QSR delivery: Open Network Digital Commerce integration enables QSR stocks in India to reduce platform dependence on Zomato and Swiggy, improving unit economics on delivery orders.
Tourism and hospitality GST rationalization: Potential GST changes affecting food service could reduce tax burden on QSR stocks in India, improving stated margins.
Highway development and travel corridor growth: Highway expansion and new expressways create new QSR location opportunities for Jubilant Foodworks and Devyani International along travel corridors.

3 Fundamentally Strong Quick Service Restaurant Stocks in India: Key Data ()

Company	CMP (Rs)	MCap (Rs Cr)	PE	PB	ROE	EPS TTM (Rs)	Div. Yield
Jubilant FoodWorks Ltd (NSE: JUBLFOOD)	Rs 498.3	33,058	73.46	14.42	18.69%	6.82	0.24%
Devyani International Ltd (NSE: DEVYANI)	Rs 142.9	17,489	—	11.34	-1.32%	-0.22	0.00%
Sapphire Foods India Ltd (NSE: SAPPHIRE)	Rs 233.71	7,479	—	5.38	-1.04%	-0.50	0.00%

Data as of . Verify all figures at nseindia.com or bseindia.com before making any investment decision.

1. Jubilant FoodWorks Ltd (NSE: JUBLFOOD)

Jubilant FoodWorks Ltd was founded in 1995 and is headquartered in Noida. It is one of three quick service restaurant stocks in India covered in this article and trades at Rs 498.3 as of , with a market capitalisation of Rs 33,058 crore. The PE ratio stands at 73.46 and return on equity at 18.69%, with an EPS (TTM) of Rs 6.82 and book value of Rs 34.74. Dividend yield as of is 0.24%.

The most recent quarterly net profit for Jubilant FoodWorks Ltd was Rs 100.03 crore in the Jun ’26 quarter, 21.4% year-on-year. Full-year 2026 net profit was Rs 386.03 crore versus Rs 250.06 crore in 2025, a growth of 54.4%. These are the published financial metrics for this quick service restaurant stocks in India stock as of the available data. Investors should verify current figures at nseindia.com or bseindia.com before making any investment decision.

2. Devyani International Ltd (NSE: DEVYANI)

Devyani International Ltd was founded in 1991 and is headquartered in Gurugram. It is one of three quick service restaurant stocks in India covered in this article and trades at Rs 142.9 as of , with a market capitalisation of Rs 17,489 crore. The PE ratio stands at — and return on equity at -1.32%, with an EPS (TTM) of Rs -0.22 and book value of Rs 12.51. Dividend yield as of is 0.00%.

The most recent quarterly net profit for Devyani International Ltd was Rs 17.1 crore in the Jun ’26 quarter, 273.8% year-on-year. Full-year 2026 net profit was Rs -42.53 crore versus Rs -6.9 crore in 2025, a growth of -516.4%. These are the published financial metrics for this quick service restaurant stocks in India stock as of the available data. Investors should verify current figures at nseindia.com or bseindia.com before making any investment decision.

Compare All Quick Service Restaurant Stocks by PE, ROE and Dividend Yield on the Univest Screener

3. Sapphire Foods India Ltd (NSE: SAPPHIRE)

Sapphire Foods India Ltd was founded in 2015 and is headquartered in Mumbai. It is one of three quick service restaurant stocks in India covered in this article and trades at Rs 233.71 as of , with a market capitalisation of Rs 7,479 crore. The PE ratio stands at — and return on equity at -1.04%, with an EPS (TTM) of Rs -0.50 and book value of Rs 43.27. Dividend yield as of is 0.00%.

The most recent quarterly net profit for Sapphire Foods India Ltd was Rs 14.02 crore in the Jun ’26 quarter, 211.1% year-on-year. Full-year 2026 net profit was Rs -31.95 crore versus Rs 16.7 crore in 2025, a growth of -291.3%. These are the published financial metrics for this quick service restaurant stocks in India stock as of the available data. Investors should verify current figures at nseindia.com or bseindia.com before making any investment decision.

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Key Factors Affecting Quick Service Restaurant Stocks in India

Same-store sales growth: SSSG is the primary performance indicator for QSR stocks in India. Positive SSSG signals improving consumer demand and pricing power; negative SSSG indicates demand weakness that can persist across multiple quarters.
Delivery versus dine-in mix: Delivery orders from Zomato and Swiggy platforms carry 15-20% lower margins than dine-in orders due to platform commission costs. QSR stocks in India with growing proprietary delivery (Domino’s app for Jubilant) have better unit economics than those fully dependent on third-party platforms.
New store additions: Jubilant Foodworks has the most aggressive store expansion plan among QSR stocks in India, targeting 200+ new Domino’s stores annually. Store count is a leading indicator of future revenue capacity for QSR businesses.
Raw material costs (wheat, chicken, dairy): Food ingredient costs account for 25-30% of QSR revenue. Wheat, chicken, and dairy price cycles directly affect food costs and gross margins for QSR stocks in India.
Devyani and Sapphire path to profitability: Devyani and Sapphire reported marginal profits in Q1 FY27 (Rs 17.1 crore and Rs 14.02 crore respectively) versus Jubilant’s Rs 100.03 crore. The path to consistent double-digit profitability is the key investment thesis for these QSR stocks in India.

Benefits of Investing in Fundamentally Strong Quick Service Restaurant Stocks

India’s QSR market structural growth: India’s organized QSR market is growing at 12-15% annually as urbanization, working population growth, and rising food delivery adoption expand the total addressable market for QSR stocks in India.
Jubilant’s Domino’s delivery moat: Jubilant Foodworks operates India’s largest pizza delivery network with 30-minute delivery guarantees that created a proprietary logistics capability that competing QSR stocks in India have struggled to replicate at scale.
Youth demographic tailwind: India’s 500 million under-30 population is the core QSR consumer base. Rising youth employment income and strong brand affinity for KFC, Pizza Hut, and Domino’s support long-term same-store sales growth for these QSR stocks in India.
Rising aspirational spending: As India’s middle class expands, occasional restaurant dining becomes a regular discretionary spend. This aspirational consumption upgrade creates a growing total addressable market for branded QSR stocks in India.
Technology-enabled delivery efficiency: QSR stocks in India that invest in proprietary apps, delivery optimization, and kitchen technology reduce per-order delivery costs. Jubilant’s technology investment has created a proprietary ordering ecosystem that reduces platform commission dependency.

Risks of Investing in Quick Service Restaurant Stocks in India

Jubilant’s high PE valuation: Jubilant Foodworks at PE 73.46 prices significant future earnings growth. Any SSSG miss or margin disappointment can cause sharp PE compression and a large percentage price correction in this QSR stock in India.
Platform commission dependency: Devyani and Sapphire rely heavily on Zomato and Swiggy for delivery orders. Platform commission increases (15-25% of order value) directly reduce restaurant-level economics for these QSR stocks in India.
Inflation and raw material costs: Wheat, chicken, and dairy price spikes reduce gross margins for QSR stocks in India. When food commodity costs rise faster than menu price increases are acceptable to consumers, margins compress.
Competition from local restaurants: Despite brand advantages, QSR stocks in India compete with local restaurants, cloud kitchens, and homemade food delivery services. Competition limits pricing power and market share gains in cost-sensitive consumer segments.
Sapphire and Devyani ROE risk: Negative ROE at Devyani (-1.32%) and Sapphire (-1.04%) reflects that these QSR stocks in India have not yet earned adequate returns on their invested capital. Recovery requires sustained SSSG improvement and cost control.

How to Choose Fundamentally Strong Quick Service Restaurant Stocks in India

Jubilant Foodworks at PE 73.46 and ROE 18.69% is the most fundamentally strong QSR stock in India by returns and brand franchise; the high PE requires consistent 15%+ SSSG to justify
For Devyani International and Sapphire Foods, focus on SSSG, restaurant-level EBITDA margin improvement, and quarterly path to positive ROE rather than current PE ratios
Track delivery versus dine-in revenue mix quarterly for all QSR stocks in India; proprietary delivery growth versus platform delivery growth is a key quality indicator
Prefer QSR stocks in India with proven same-store sales growth above 8% annually and restaurant-level EBITDA margins above 20%
Check new store addition pace quarterly; QSR stocks in India adding 15%+ new stores annually with improving ADS (average daily sales) per store signal healthy franchise economics

How to Invest in Quick Service Restaurant Stocks in India

Step 1: Screen QSR stocks in India on the Univest Screener by EBITDA margin, SSSG, PE, ROE, and new store count growth before shortlisting candidates
Step 2: Open a demat account with a SEBI-registered broker and complete KYC to buy listed QSR stocks on NSE or BSE
Step 3: Track quarterly SSSG data from company investor presentations; this is the most important single metric for QSR stocks in India beyond financial statements
Step 4: Monitor food inflation (wheat, chicken, dairy prices) monthly as they directly affect gross margins for QSR stocks in India
Step 5: Time entry points in QSR stocks in India around periods of food cost deflation, which typically boost margins and trigger analyst upgrades

Conclusion

Jubilant FoodWorks Ltd, Devyani International Ltd, and Sapphire Foods India Ltd are three quick service restaurant stocks in India that represent distinct positioning within the quick service restaurant sector. Among these quick service restaurant stocks in India, Jubilant FoodWorks Ltd carries the metrics described above at Rs 498.3 per share; Devyani International Ltd at Rs 142.9; and Sapphire Foods India Ltd at Rs 233.71. Each quick service restaurant stocks in India carries distinct risks that require individual evaluation. This article is for educational purposes only. Consult a SEBI-registered financial advisor before investing in any quick service restaurant stocks in India or any other security.

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 most fundamentally strong QSR stocks in India?

Ans. Three quick service restaurant stocks in India as of are Jubilant Foodworks (PE 73.46, ROE 18.69%, MCap Rs 33,058 Cr, Q1 FY27 PAT Rs 100.03 crore), Devyani International (MCap Rs 17,489 Cr, Q1 FY27 PAT Rs 17.1 crore, ROE -1.32%), and Sapphire Foods India (MCap Rs 7,479 Cr, Q1 FY27 PAT Rs 14.02 crore, ROE -1.04%). Jubilant Foodworks is the most fundamentally strong QSR stock in India. Verify all data at nseindia.com before investing.

Is Jubilant Foodworks the best QSR stock to buy in India?

Ans. Jubilant Foodworks is the most fundamentally strong quick service restaurant stock in India with ROE of 18.69%, Q1 FY27 PAT of Rs 100.03 crore, and India’s largest Domino’s franchise network. Its PE of 73.46 is high but supported by proprietary delivery capabilities and strong SSSG track record. The primary risk is the high PE requiring consistent 15%+ SSSG execution that is not guaranteed in any given year. Consult a SEBI-registered financial advisor before buying any QSR stock in India.

What does Devyani International operate as a QSR stock in India?

Ans. Devyani International operates KFC, Pizza Hut, and Costa Coffee franchises across India and international markets. As a QSR stock in India, its Q1 FY27 PAT of Rs 17.1 crore represents marginal profitability after years of investment in store expansion. The negative ROE (-1.32%) reflects that returns on capital invested are not yet positive on a trailing basis. Recovery requires sustained same-store sales growth, cost efficiency improvements, and reaching a critical mass of profitable stores. Verify current data at nseindia.com.

What is same-store sales growth and why is it important for QSR stocks in India?

Ans. Same-store sales growth (SSSG) measures revenue change at restaurants open for at least 12 months, excluding new store additions. It is the most important performance indicator for QSR stocks in India because it shows whether existing restaurants are growing or declining independently of new store openings. Positive SSSG signals improving consumer demand, pricing power, and brand health. Negative SSSG is an early warning sign of execution problems or consumer demand weakness for QSR stocks in India even when total revenue grows from new store additions.

How does food delivery affect QSR stocks in India?

Ans. Food delivery through Zomato, Swiggy, and proprietary apps now constitutes 40-50% of revenue for QSR stocks in India in urban markets. Platform delivery commands commissions of 15-25% of order value, significantly reducing restaurant-level EBITDA margins versus dine-in. QSR stocks in India that have built proprietary delivery apps (Jubilant’s Domino’s) generate better economics on delivery orders. Growing dependence on third-party platforms is the key margin risk for Devyani and Sapphire as QSR stocks in India.

What are the risks of investing in QSR stocks in India?

Ans. Key risks for QSR stocks in India include high PE valuations (73.46 for Jubilant) requiring consistent earnings growth, food inflation raising raw material costs, platform delivery commission dependency reducing margins, competition from cloud kitchens and local restaurants, and the current ROE deficit at Devyani and Sapphire. SSSG misses in any single quarter can cause significant correction in high-PE QSR stocks in India. Always assess sector-specific risks before investing.

How do I invest in quick service restaurant stocks in India?

Ans. To invest in QSR stocks in India, screen on the Univest Screener by SSSG above 8%, restaurant-level EBITDA margin above 20%, PE below 80, and ROE improving trend. Open a demat account with a SEBI-registered broker and complete KYC. Track quarterly investor presentations for SSSG, ADS, and new store economics. Monitor food commodity price trends monthly as a margin indicator. Consult a SEBI-registered financial advisor before making any investment decision in QSR stocks in India.

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Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.