CavinKare forays into quick service restaurant business

CHENNAI: FMCG major

CavinKare

, as part of its robust retail expansion plans, has announced its foray into the quick service restaurant (

QSR

) segment with its new brand:

Jango

’z.

Launching its maiden outlet at

Perambur

in Chennai, the brand further plans to set up over 100 outlets across strategic locations in India by 2026. The outlet serves a slew of delicacies like fried chicken, pizzas (whole and sliced), signature burgers and softies.

With the Indian QSR segment expected to reach Rs 82,800 crore by FY 2025, CavinKare said it aims to generate over Rs 150 crore revenue in the next five years.

Manuranjith Ranganathan

, director of retail, said their entry into the QSR space comes in line with the refreshed CavinKare 2.0 strategy. “Retail is one of the important divisions in CavinKare where we have made significant investments and have major diversification plans in the future as well. One of the steps in the direction is this entry with the launch of Jango’z that is set to disrupt the space with CavinKare innovation edge. With the segment poised to grow at a 15.4% CAGR coupled with untapped potential tier-2 and tier-3 markets, we are confident that Jango’z will become a Rs 50-crore brand by 2026. The slice-and-bite space in the segment is at a nascent stage but we are positive that this will become the future of the QSR industry and we are happy to be leading the way...”