Food & Drink

Indian quick-service restaurant industry to witness strong growth: ICRA

ICRA estimates that the top five players in the domestic quick-service restaurant (QSR) industry are likely to add 2,300 stores between FY2023-FY2025 with an estimated capex at around INR 5,800 crore (excluding refurbishment) for this period, twice that of the levels seen during the pre-Covid era.