India’s Mobile Market Consolidates Around Jio and Airtel
Jio and Airtel now control nearly three-quarters of India’s mobile connections, reflecting a structurally consolidated market. Vodafone Idea and state operators remain on the back foot, reinforcing a clear two-player leadership model.
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BBQ’s Same-Store Performance Declines as Discretionary Dining Moderates
Barbeque Nation’s SSSG has stayed negative for most quarters, underscoring soft discretionary demand and limited unit-level momentum despite ongoing store expansion.
Average Selling Price Triples as Ethos Moves Decisively Upmarket
A sharp rise in ASPs and the luxury mix highlights Ethos’ successful pivot toward premium categories, reinforcing its position as India’s leading luxury watch retailer.
KFC India’s Revenue Mix Shifts Toward Off-Premise as Store Expansion Accelerates
KFC India’s rapid footprint expansion is reshaping its channel economics, with off-premise consumption taking a larger share of revenue even as the store base grows. The gradual decline in dine-in contribution signals a structural evolution toward a delivery-first footprint across markets.
Average Daily Sales Decline Even as KFC Scales Its National Footprint
KFC India continues to enlarge its footprint, but average daily sales per store have softened over eight quarters, signalling unit-level pressure amid aggressive expansion. The slight recovery in FY26 indicates stabilisation, but productivity remains below FY24 peaks.
Latest
BBQ’s Same-Store Performance Declines as Discretionary Dining Moderates
Barbeque Nation’s SSSG has stayed negative for most quarters, underscoring soft discretionary demand and limited unit-level momentum despite ongoing store expansion.
Barbeque Nation Adds Stores but Per-Store Revenue Remains Flat
Barbeque Nation continues to add stores, but per-restaurant revenue has plateaued, indicating a shift toward footprint-driven growth and softer unit-level momentum.
Carvaan Volumes Decline Sharply After FY24 Peak as the Category Normalises
After hitting peak demand in FY24, Carvaan volumes have sharply corrected, reflecting category maturation and the fading of one-time adoption and gifting-led surges.
Page Industries Returns to Positive Volume Growth After FY23 Decline
After a deep FY23 reset, Page Industries’ core Jockey franchise has stabilised, driving consistent mid-single-digit volume recovery, supported by normalised inventory and steady traction across innerwear, athleisure, and Speedo swimwear.