How India buys restaurant and fast food meals
5 listed companies sold ₹31,448 crore of restaurant and fast food meals in FY26, up 22.8% on FY25. Eternal Ltd sold the most, 32.2% of it. Eternal Ltd earned the most on each rupee of sales: 20.5%.
The brands, and who owns them
Zomato, Food on Train are Eternal Ltd's; Domino's, Dunkin', Hong's Kitchen, Popeyes are Jubilant Foodworks Ltd's; Bolt, Swiggy Dineout are Swiggy Ltd's; Jan Ahaar is Indian Railway Catering & Tourism Corporation Ltd's; House of Ming, Qmin, Loya, Mynt and others are Indian Hotels Co Ltd's. Brands are read from each company's filings and checked against a public source.
Who sells the most
Eternal Ltd had 32.2% of the listed companies' sales of restaurant and fast food meals here, 1.1 times as much as Jubilant Foodworks Ltd, the next largest. The two together sold 62%; the other 3 the rest.
How the sales have grown, and who sold them
The listed companies here sold ₹31,448 Cr of restaurant and fast food meals in FY26. Counting only the companies with figures in both years, sales went from ₹3,610 Cr in FY19 to ₹9,513 Cr, 2.6 times as much. The biggest rise was in FY25 (+38%) and the weakest year FY21 (-15%). Over three years Jubilant Foodworks Ltd grew fastest, +22.2% a year. Some companies are counted only from a later year (Eternal Ltd from FY25; Swiggy Ltd from FY25; Indian Railway Catering & Tourism Corporation Ltd from FY25; Indian Hotels Co Ltd from FY25).
Who earns the most on each rupee
Operating profit before interest and tax, as a share of sales of restaurant and fast food meals. Eternal Ltd earned 20.5% on its sales in FY26, against 19.2% in FY25. Jubilant Foodworks Ltd earned 10.2% on its sales in FY26, against 3.4% in FY17; its best year was FY19 at 13.6%. Swiggy Ltd earned 13.0% on its sales in FY26, against 8.7% in FY25. Indian Railway Catering & Tourism Corporation Ltd earned 10.4% on its sales in FY26, against 12.8% in FY25. Indian Hotels Co Ltd earned 19.1% on its sales in FY26, against 21.7% in FY25.
The companies, and their brands
| Company and brands | Sales FY26 | Growth 1 yr | 3 yrs | 5 yrs | Margin | Profit share | Return on assets | P/E | ROE | Share price 1 yr |
|---|---|---|---|---|---|---|---|---|---|---|
| Eternal Ltd Zomato, Food on Train Sells in 35 states and 1 countries; exports 0.02% of turnover |
₹10,124 Cr | +25.9% | — | — | 20.5% | 45.2% | — | 681.8 | 7.3% | -7.8% |
| Jubilant Foodworks Ltd Domino's, Dunkin', Hong's Kitchen, Popeyes Sells in 28 states; exports 0.07% of turnover |
₹9,513 Cr | +16.8% | +22.2% | +23.0% | 10.2% | 21.1% | — | 65.0 | 10.8% | -27.2% |
| Swiggy Ltd Bolt, Swiggy Dineout Sells in 35 states; exports 0.0% of turnover |
₹8,212 Cr | +24.5% | — | — | 13.0% | 23.3% | — | -15.2 | — | -47.2% |
| Indian Railway Catering & Tourism Corporation Ltd Jan Ahaar Sells in 28 states; exports 0.0% of turnover |
₹2,391 Cr | +12.9% | — | — | 10.4% | 5.4% | — | 26.9 | 35.0% | -33.4% |
| Indian Hotels Co Ltd House of Ming, Qmin, Loya, Mynt, Paper Moon, Qmin QSR, Qmin Truck, Soulinaire, Soulinaire Alibaug, Swirl Sells in 12 states; exports 0.0% of turnover |
₹1,209 Cr | +68.9% | — | — | 19.1% | 5.0% | 14.7% | 48.0 | 12.2% | +0.4% |
See every one of these companies in Valarth
Questions people ask
Which listed companies sell restaurant and fast food meals in India?
5 listed companies report their sales of restaurant and fast food meals: Eternal Ltd (ETERNAL), Jubilant Foodworks Ltd (JUBLFOOD), Swiggy Ltd (SWIGGY), Indian Railway Catering & Tourism Corporation Ltd (IRCTC), Indian Hotels Co Ltd (INDHOTEL).
Which listed company sells the most restaurant and fast food meals in India?
Eternal Ltd, with sales of restaurant and fast food meals of ₹10,124 crore in FY26: 32.2% of the listed companies' total here.
How big is the listed market for restaurant and fast food meals?
The listed companies here sold ₹31,448 crore of restaurant and fast food meals in FY26, up 22.8% on FY25. Private makers are not included.
Which listed company makes the most profit on restaurant and fast food meals?
Eternal Ltd: its operating profit was 20.5% of its sales of restaurant and fast food meals in FY26.
Who owns Zomato?
Zomato is a brand of Eternal Ltd, listed on the NSE as ETERNAL.
Who owns Food on Train?
Food on Train is a brand of Eternal Ltd, listed on the NSE as ETERNAL.
Who owns Domino's?
Domino's is a brand of Jubilant Foodworks Ltd, listed on the NSE as JUBLFOOD.
Who owns Dunkin'?
Dunkin' is a brand of Jubilant Foodworks Ltd, listed on the NSE as JUBLFOOD.
Who owns Bolt?
Bolt is a brand of Swiggy Ltd, listed on the NSE as SWIGGY.
Who owns Swiggy Dineout?
Swiggy Dineout is a brand of Swiggy Ltd, listed on the NSE as SWIGGY.
Who owns Jan Ahaar?
Jan Ahaar is a brand of Indian Railway Catering & Tourism Corporation Ltd, listed on the NSE as IRCTC.
Who owns House of Ming?
House of Ming is a brand of Indian Hotels Co Ltd, listed on the NSE as INDHOTEL.
Who owns Qmin?
Qmin is a brand of Indian Hotels Co Ltd, listed on the NSE as INDHOTEL.