Restaurants industry

16 companies · ₹95,163 cr · 8 with AI deep dives · Q1FY27 report

Traffic-led SSSG inflects positive across all operators; energy and labour inflation cap margin recovery

Turning upmargin troughed at 15.3% and has risen for 3 quarters to 16.6%, on positive revenue growth
Revenue YoY
+15.9%
EBITDA margin
16.6%
+90bps YoY
Price, 1 year
-24.4%
30% of names up
P/E vs own 5y
-39.4%
53.9x now

Exhibit 1The quarter in numbers

constant panel of 9 companies above ₹500 cr
aggregate revenue (₹ cr)EBITDA margin (right axis)
Revenue
Jun 26
7,482 cr
Mar 26
6,895 cr
QoQ
+8.5%
Jun 25
6,457 cr
YoY
+15.9%
Peak
7,482 cr
vs peak
0.0%
EBITDA margin
Jun 26
16.6%
Mar 26
16.5%
QoQ
+10bps
Jun 25
15.7%
YoY
+90bps
Peak
16.7%
vs peak
-10bps

Breadth: 100% of 10 companies grew revenue year on year (was 100% a quarter earlier) and 80% expanded margin (was 78%).

Exhibit 2What it costs

30.64x - 97.96x across the panel today

The median name trades at 53.9x, -39.4% against this industry's own 5-year median of 88.9x, and -63.0% against its own peak of 145.6x.

Exhibit 3Structure

₹95,163 cr

Jubilant Foodworks Ltd is 33.7% of this industry by market cap. The top 5 are 85.9% and the top 10 are 99.3%.

mid 3small 5micro 710 above ₹500 cr

Exhibit 4Screen

P/E below the sub-industry median of 53.86x, 5y ROCE above its median of 8.12%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

See plans

Exhibit 5Coverage (16 of 16)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹31,039 cr
P/E
70.4x
EV/EBITDA
17.0x
ROCE
16.3%
Margin
20.0%
Rev YoY
+13.7%
Mcap
₹17,033 cr
P/E
-
EV/EBITDA
21.1x
ROCE
4.3%
Margin
15.8%
Rev YoY
+16.5%
Mcap
₹16,526 cr
P/E
35.5x
EV/EBITDA
-
ROCE
37.6%
Margin
42.5%
Rev YoY
+20.6%
Mcap
₹8,810 cr
P/E
278.3x
EV/EBITDA
22.1x
ROCE
7.2%
Margin
15.3%
Rev YoY
+11.9%
Mcap
₹7,215 cr
P/E
-
EV/EBITDA
15.1x
ROCE
3.1%
Margin
15.4%
Rev YoY
+14.7%
Mcap
₹6,955 cr
P/E
-
EV/EBITDA
19.3x
ROCE
-0.6%
Margin
13.1%
Rev YoY
+17.9%
Mcap
₹2,740 cr
P/E
-
EV/EBITDA
13.8x
ROCE
1.6%
Margin
15.3%
Rev YoY
+43.4%
Mcap
₹664 cr
P/E
29.4x
EV/EBITDA
-
ROCE
8.9%
Margin
19.8%
Rev YoY
+16.7%
Mcap
₹2,296 cr
P/E
142.6x
EV/EBITDA
145.6x
ROCE
5.8%
Margin
10.2%
Rev YoY
+24.3%
Mcap
₹672 cr
P/E
3.9x
EV/EBITDA
3.0x
ROCE
7.3%
Margin
35.7%
Rev YoY
+7.6%
Mcap
₹360 cr
P/E
30.3x
EV/EBITDA
21.5x
ROCE
54.4%
Margin
12.0%
Rev YoY
-
Mcap
₹185 cr
P/E
240.0x
EV/EBITDA
6.0x
ROCE
8.7%
Margin
16.6%
Rev YoY
+18.6%
Mcap
₹59 cr
P/E
-
EV/EBITDA
-5.6x
ROCE
-54.4%
Margin
-109.2%
Rev YoY
-10.8%
Mcap
₹58 cr
P/E
259.5x
EV/EBITDA
6.8x
ROCE
4.2%
Margin
22.2%
Rev YoY
+15.6%
Mcap
₹28 cr
P/E
16.8x
EV/EBITDA
-
ROCE
34.4%
Margin
20.6%
Rev YoY
+19.3%
Mcap
₹0 cr
P/E
-
EV/EBITDA
-
ROCE
-
Margin
-
Rev YoY
-

Exhibit 6What managements said

from this industry's latest earnings calls · as of 2026-06-30
tailwindBroad-based SSSG recovery, entirely traffic-led, with pricing contribution minimal7 managements

Every operating restaurant company reported positive SSSG in Q1 FY27. RBA stated 12.6% SSSG was driven by traffic with no significant pricing; UFBL confirmed 28.7% SSSG is 100%…

  • RBA (Q1FY27): “Same-store sales growth was 12.6%. This is the highest we have done in the last 15…
5 more themes from this quarter's earnings calls are locked. A free account opens 3 full reports a quarter: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

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AppendixThe other 0 companies

1-0
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