India's listed QSR chains brace for FY27 margin squeeze as LPG, wages bite weak demand

Jubilant, Devyani, Sapphire, Westlife and RBA flag 30-120 bps EBITDA hit from energy and wage inflation atop soft discretionary demand. Pizza Hut SSSG -7% FY, Westlife -1.1%, Domino's LFL slips to 6.5%. Operators pivot to value menus, shut loss-making stores and slow expansion to defend profitability.

— Filed Thu, 21 May, 2026, 17:14 IST · Source Mint · Companies · Updated

Indian QSR chains—Jubilant, Devyani, Sapphire, Westlife, RBA—warn of FY27 margin pressure from LPG/energy inflation, wage hikes and weak discretionary demand. Companies pivot to value meals, shut loss-making stores and prioritize profitability over aggressive expansion.

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