Top 10 Restaurant Chains in India

Top 10 Restaurant Chains in India 2026 are led by Jubilant FoodWorks, which closed the financial year with ₹9,512.5 crore in revenue, cementing Domino’s position as India’s single largest organised foodservice player by a considerable margin. India’s QSR market itself is projected to reach ₹1.2 lakh crore by FY28, growing at 15-18 percent annually as delivery platforms like Zomato and Swiggy accelerate fast-food habit formation across Tier 2 and Tier 3 cities. This list covers the top 10 restaurant chains in India in 2026, ranked by revenue, scale, and market presence.

1. Jubilant FoodWorks Limited

Jubilant FoodWorks stands as India’s largest organised foodservice company, operating Domino’s Pizza as the master franchisee across India and several neighbouring countries.

• Closed FY26 with revenue of ₹9,512.51 crore, up 16.4 percent year-on-year
• Operates over 1,995 Domino’s outlets in India as of late 2025, targeting expansion to 4,000 stores
• Also runs Popeyes, with 88 stores and ambitions to build it into a ₹1,000 crore brand
• Will discontinue its Dunkin’ franchise agreement after December 2026, having contributed only around 0.6 percent of revenue while remaining loss-making

2. Devyani International Limited

Devyani International operates as the largest YUM Brands franchisee in India, running both KFC and Pizza Hut alongside a growing Costa Coffee business.

• Reported FY26 revenue of ₹5,611.5 crore, the second-largest among India’s listed foodservice players
• Consolidated Q1 FY27 revenue grew 16.5 percent to ₹1,581 crore, with profit after tax rising sharply from a small prior-year base
• Positioned by analysts for continued capacity addition reaching maturity through FY27
• Recently absorbed additional operations through consolidation, expanding its overall footprint and brand portfolio

3. Travel Food Services

Travel Food Services has built a distinctive niche operating food and beverage outlets specifically across airports and travel hubs, a category distinct from standalone restaurant chains.

• Recorded ₹3,214.4 crore in system-wide sales for FY26
• Reported quarterly system sales of ₹8,754 million with revenue of ₹4,562 million in a recent reporting period
• Operates a multi-brand portfolio tailored specifically to high-footfall travel locations
• Represents a genuinely different foodservice model, benefiting from captive airport and railway station customer traffic

4. Westlife Foodworld Limited

Westlife Foodworld holds the exclusive McDonald’s franchise rights across West and South India, making it one of the country’s most prominent listed QSR operators.

• Market capitalisation around ₹9,385-9,500 crore as of 2026
• Delivers among the highest Return on Equity in the QSR sector, cited around 9.8 percent
• Benefits from new product launches and continued market share gains across its operating regions
• Positioned as a strong pick specifically for investors seeking consistent earnings growth within QSR

5. Sapphire Foods India Limited

Sapphire Foods operates as another major YUM Brands franchisee, running KFC and Pizza Hut outlets specifically across South and West India, alongside operations in Sri Lanka.

• Market capitalisation around ₹7,511 crore
• Holds proprietary technology and intellectual property advantages cited among its key competitive strengths
• Positioned for export order book ramp-up as a specific FY27 growth catalyst
• Complements Devyani International’s presence in different Indian regions under the same global YUM Brands umbrella

6. Restaurant Brands Asia Limited

Restaurant Brands Asia operates Burger King across both India and Indonesia, maintaining a strong and improving operational performance through recent quarters.

• Consolidated quarterly revenue rose to ₹714.65 crore, up from ₹639.06 crore in the prior year
• Posted a strong gross margin of 67.2 percent, reflecting improving underlying unit economics
• Analysts cite defensive earnings characteristics alongside dividend yield as a distinguishing feature
• Benefits from policy tailwinds and government contract wins supporting continued growth momentum

7. Tata Starbucks

Tata Starbucks has built a genuinely significant café chain presence in India, crossing a major milestone during FY26.

• Surpassed 500 cafés, reaching 502 outlets across more than 80 Indian cities
• Achieved EBITDA positivity in FY26, a significant operational milestone for the brand’s Indian operations
• Expansion increasingly extends beyond expensive metropolitan locations into Tier 2 and Tier 3 cities, alongside airports
• Represents the premium café segment within India’s broader organised foodservice landscape

8. Haldiram’s

Haldiram’s stands as one of India’s largest and most recognisable restaurant and snack chains, operating a vast network of dine-in restaurants alongside its globally recognised packaged snacks business.

• Operates extensively across India with a multi-thousand crore revenue base, remaining privately held rather than listed
• Combines traditional Indian restaurant dining with one of the country’s largest branded snack manufacturing operations
• Maintains genuine pan-India brand recognition spanning both metro and smaller-city markets
• Represents the largest homegrown Indian food chain competing directly against international QSR brands for market share

9. Barbeque Nation Hospitality

Barbeque Nation has established itself as India’s leading organised casual dining chain, built around its distinctive live-grill dining concept.

• Operates as a listed company, running both the Barbeque Nation and Toscano restaurant brands
• Represents the largest organised player specifically within India’s casual dining, as opposed to quick-service, restaurant segment
• Continues expanding across metro and Tier 2 cities, capitalising on India’s growing appetite for experiential dining
• Competes in a genuinely different category from the QSR-focused chains dominating the rest of this list

10. PVR Inox F&B

PVR Inox’s food and beverage operations represent a distinctive restaurant revenue stream tied directly to India’s largest cinema chain network.

• Generated ₹1,525 crore in F&B revenue, reflecting the scale of India’s largest multiplex operator’s food business
• Benefits from captive cinema-going customer traffic across PVR Inox’s extensive screen network nationwide
• Represents a genuinely unique foodservice model distinct from standalone restaurant or QSR operations
• Continues to be a significant contributor to PVR Inox’s overall revenue alongside ticket sales

Frequently Asked Questions

Q1. Which is India’s largest restaurant chain by revenue in 2026?

Jubilant FoodWorks, operating Domino’s Pizza, holds that position with FY26 revenue of ₹9,512.5 crore, making it comfortably the largest organised foodservice player in the country.

Q2. What’s driving the rapid growth of India’s QSR market?

Rising urbanisation, growing incomes, and the rapid expansion of food delivery platforms like Zomato and Swiggy are driving India’s QSR market toward a projected ₹1.2 lakh crore by FY28.

Q3. Are Devyani International and Sapphire Foods actually competitors?

Not directly in most regions, since both operate as YUM Brands franchisees for KFC and Pizza Hut but across different Indian territories, Devyani in North India and Sapphire in South and West India.

Q4. Which restaurant chain on this list is privately held rather than publicly listed?

Haldiram’s remains privately held, unlike Jubilant FoodWorks, Devyani International, Westlife Foodworld, Sapphire Foods, and Restaurant Brands Asia, all of which trade publicly on Indian stock exchanges.