QSR store additions hit 3-year low in FY26 as Jubilant, Devyani, Sapphire dial back expansion
Jubilant Foodworks added 304 net new stores in FY26, down from 325 in FY25 and 356 in FY24. Devyani's adds fell 15.5% to 217; Sapphire dropped to 89 from 129 in FY24. Chains pivot to SSSG, 600-700 sq ft delivery-carryout formats, and online channels now driving nearly half of sales.
Indian QSR chains—Jubilant, Devyani, Sapphire—posted three-year-low net store additions in FY26 as post-Covid expansion cools. Operators pivot to same-store-sales focus, smaller delivery-carryout formats, and online channels driving nearly half of sales.