By Aditya Raghunath
Investing.com -- QSRs (quick-service restaurants) like Domino’s, McDonald's Corporation (NYSE: MCD ), Burger King, and Pizza Hut are going to go on an expansion mode in 2021 according to a report in ETPrime.
QSR restaurants have been some of the best-performing ones in the beleaguered hospitality sector. Most restaurants were physically closed for close to seven months across the country. QSR restaurants, with their focus on branding and social distancing, have recovered quickly and now say business is back to 80%-100% of pre-pandemic levels.
The report says that these companies are on course to open dozens of outlets in calendar 2021. These outlets will focus primarily on take-aways and delivery.
Jubilant Foodworks Ltd (NS: JUBI ) that runs Domino’s and Dunkin Donuts in India has seen its share price gain almost 123% from its lows in March 2020 when it was trading at Rs 1,249 to Rs 2,779 today. Burger King India Ltd (NS: BURG ) had a stellar debut on the index on December 14. The shares which were open to a subscription at an upper band of Rs 60 touched Rs 213 in the first week and are now trading at Rs 145. Westlife Development Ltd-BO (BO: WEST ) that runs McDonald’s in western and south India is trading at Rs 474, up almost 67% since March.
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