logo
Bollywood, boba tea and burgers on the menu as McDonald's seeks to double store footprint in north and east India

Bollywood, boba tea and burgers on the menu as McDonald's seeks to double store footprint in north and east India

Mint06-06-2025

McDonald's is counting on star appeal to keep its customers excited as it refreshes its menu and doubles its store count in the north and east of the country.
Connaught Plaza Restaurants Pvt Ltd (CPRL), the operator of McDonald's fast-food outlets in the two regions, is ramping up marketing expenditure, offering new menu categories, and launching celebrity-led campaigns targeted across generations—from teenagers to those in their 60s.
Actor Ranveer Singh has been signed up as brand ambassador for a new celebrity meal campaign and menu offerings including boba drinks (bubble tea) and premium burgers will be rolled out, Anant Agarwal, vice chairperson of CPRL, said in an interview with Mint.
'We have committed to really good growth over the next three to four years and plan to double our outlet base," said Agarwal. 'In fact, we have consistently scaled up our marketing investments, with an incremental increase of 15-20% year-on-year."
Also Read | McDonald's gives its restaurants an AI makeover
Agarwal cited its Korean food campaign, which was backed by targeted marketing across digital and in-store platforms and drove strong consumer interest to contribute to a 20% business growth during the campaign period.
The company has earmarked an investment of $100-150 million for marketing and store expansion over the next few years.
'We plan to more than double our store numbers, reaching 500-600 stores by 2030 over the next 3-4 years," said Agarwal.
Star appeal
The company is focused on marketing as a cornerstone because it wants to continue to woo patrons who started consuming McDonald's when they were in their teens and are now in their 40s. With Ranveer Singh at the helm of the campaign, it is targeting consumers ranging from 14-year-olds to 60-year-olds or even older, Agarwal added.
'We feel the way an actor will communicate will be very organic and will resonate with people despite there already being a strong loyalty for the brand. It's about building relevance not to inspire but more to excite consumers. Everyone's a fan of McDonald's, even celebrities," he said.
The campaign with Ranveer Singh will be for a limited period and will be rolled out around mid-June. The company had roped in actor Kartik Aaryan in 2023 for a similar campaign. Like that one, this too will be a 360-degree campaign for a few months before deciding whether to extend it further.
Also Read | Celebrities lose ground on endorsements as more brands turn to influencers
"While we can't touch upon the budgets, it's one of our largest campaigns till date. Typically, a campaign like this will give us a sense within six months based on the number of meals and burgers sold, how good our return on investment was. Usually, celebrity campaigns are also created around scarcity, and this will be more of a time-based campaign where the meal will only be around for a limited period," he said.
Protein and gourmet burgers
The company is also working towards introducing premium burgers and will look at innovations in the protein space – both vegetarian and non-vegetarian – as consumers become more conscious of their food choices, said Agarwal.
'We're creating food that is relevant among youth as well as older age groups like millennials, who are quite loyal, even in their 40s and 50s," he said.McDonald's launched the McCrispy chicken gourmet burger last year from its global menu. The premium chicken offering priced upwards of ₹200 has generated strong demand, particularly in eastern India, he said.
CPRL's expansion and modernisation efforts include setting up over 200 McCafés across about 300 stores by the year end. These are shop-in-shop coffee sections to serve the growing market of coffee consumers.
Today, about 35% of the company's sales come from delivery; 65% from dine-in.
"We are quite content with our delivery numbers because we feel brands are created when people walk into restaurants and not only when they have them delivered," Agarwal added.
Also Read | Profit squeeze drives Indian restaurants to seek new delivery paths
The company posted revenue from operations of ₹1,410 crore in FY24, up 17.4% from ₹1,201 crore in FY23, according to its latest annual filings with the Ministry of Corporate Affairs, accessed via business intelligence platform Tofler. Net profit in FY24 was ₹123.3 crore, up 58.5% from ₹77.8 crore.
In February 2020, the MMG Group took over CPRL, and as part of the deal, Anant's father, Sanjeev Agrawal, was appointed the new development licensee for the region.
QSR chains are rapidly expanding their footprints across tier-2 and tier-3 cities, supported by aggressive marketing, digital ordering platforms, and value-driven menus.
The QSR segment continues to be one of the key growth drivers of the food service industry, especially within the broader casual-dining category, which is projected to grow from ₹1.22 trillion in FY24 to ₹1.74 trillion by FY28. This growth is being fuelled by rising disposable incomes, increased urbanisation, and changing eating habits among younger consumers, the National Restaurant Association of India said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

11 new K-dramas and OTT releases in July 2025: Lee Jong Suk's Law and the City, Lee Dong Wook's The Nice Guy, more
11 new K-dramas and OTT releases in July 2025: Lee Jong Suk's Law and the City, Lee Dong Wook's The Nice Guy, more

Pink Villa

timean hour ago

  • Pink Villa

11 new K-dramas and OTT releases in July 2025: Lee Jong Suk's Law and the City, Lee Dong Wook's The Nice Guy, more

July 2025 is almost here, and we're back to update your K-drama playlist with some fun, new releases. There's one for fans of all genres, like thriller, sports drama, revenge, romance, action, and more. Some of the biggest names in the industry, including Lee Jong Suk, Lee Sung Kyung, Moon Ga Young, Lee Dong Wook, Lee Soo Hyuk, Ryu Seung Ryong, Won Jin Ah, Yoon Kye Sang, Kim Nam Gil, and more, will be returning to the screen. Here's the all-inclusive K-drama and Korean OTT releases you need to check out this coming month: 1. Bitch x Rich season 2 Release date: July 3, 2025 Platform: Wavve, Viu Cast: Lee Eun Saem, Yeri, Kim Min Kyu Synopsis: Resuming after the first season in the complex Cheongdam International High School, the poor life of Kim Hye In goes up for a toss when she witnesses a murder. She crosses paths with Baek Je Na as the two lock horns. As things change, so does their dynamic. 2. Law and the City Release date: July 5, 2025 Platform: tvN, Disney+ Cast: Lee Jong Suk, Moon Ga Young, Kang You Seok, Ryu Hye Young, Im Seong Jae Synopsis: Ahn Joo Hyung is at the top of his legal career, earning a massive salary but still not ready to leave. With a virtuous nature, he looks to help people in need and comes up with solutions for their problems. He also enjoys a comfortable lifestyle with his four colleagues, as they share lunches, until issues begin to pop up. 3. Better Late Than Single Release date: July 8, 2025 Platform: Netflix Cast: Seo In Guk, Kang Han Na, Lee Eun Ji, Car, the Garden (Cha Jung Won) Synopsis: Taking the Korean concept of 'always single' into reality TV, this show brings on young men and women who try their hand at finding love with the help of coaches. Going on multiple dates and changing their style, way of talking, and more, they try to find their partner on camera. 4. S Line Release date: July 11, 2025 Platform: Wavve Cast: Lee Soo Hyuk, Lee Da Hee, Arin Synopsis: People with physical relations in the past develop red lines above their heads. Based on a webtoon of the same name, Han Ji Wook investigates the cause of these lines while Hyun Heup has been able to spot them since her childhood. 5. Low Life Release date: July 16, 2025 Platform: Disney+ Cast: Ryu Seung Ryong, Yang Se Jong, Im Soo Jung Synopsis: Based on real-life stories, Low Life follows an uncle-nephew duo who take the path of crime, selling off valuable artefacts from a treasure ship found on the southern Korean coast. They come across many people hoping to change their luck with this secret stash of wealth. 6. The Nice Guy Release date: July 18, 2025 Platform: JTBC Cast: Lee Dong Wook, Lee Sung Kyung, Ryu Hye Young Synopsis: The story follows the oldest, third-generation grandson in a family of gangsters, Park Seok Cheol, who has a heart of gold unlike the others around him. He's kind to his first love, Kang Mi Yeon, who has her own struggles of trying to become a singer. 7. Wall to Wall Release date: July 18, 2025 Platform: Netflix Cast: Kang Ha Neul, Yeom Hye Ran, Seo Hyeon Woo Synopsis: Woo Sung is troubled by the nuisance of his neighbors after being successful in buying his own home in an 84-square-meter apartment. Losing his savings, stock investments, loans, and even his mother's garlic farm, he struggles with the high-interest rates of the loan that secured his house. 8. The Defects Release date: July 21, 2025 Platform: ENA Cast: Yum Jung Ah, Won Jin Ah, Dex Synopsis: Appearing as the perfect chief director on the surface, Kim Se Hui runs an illegal adoption service which aims to tailor the skills of orphaned kids to match the expectations of the parents who buy them. Later, if the children fail to satisfy their demands, she takes them back only to end their lives ruthlessly. The story follows one such survivor as she plans revenge against the tyrant. 9. My Girlfriend Is A Real Man Release date: July 23, 2025 Platform: KBS 2TV Cast: ASTRO's Sanha, OH MY GIRL's Arin, Yoo Jung Hoo, Chuu Synopsis: What happens when your beautiful girlfriend suddenly turns into a man? Park Yoon Jae's partner, Kim Ji Eun, transforms into the very handsome Kim Ji Hoon due to a gene that runs in her family. Soon, their classmate develops a crush on him, unknowing of his real face. 10. Try: A Miracle in Us Release date: July 25, 2025 Platform: Netflix, SBS Cast: Yoon Kye Sang, Im Se Mi, Kim Yo Han, Park Jung Yeon, Bae Myung Jin Synopsis: Joo Ga Ram, a former rugby player, experienced a career break after a sudden scandal that left him without a dream. Years later, he is back at the same high school where he once played, to train their young and failing team alongside his former girlfriend, who now leads the shooting team after ghosting her due to his personal issues. 11. Trigger Release date: July 25, 2025 Platform: Netflix Cast: Kim Nam Gil, Kim Young Kwang, Woo Ji Hyun, Kim Won Hae Synopsis: The Inflow of guns in South Korea grows suddenly, leading to a hyperbolic rise in crime and deaths. A righteous detective named Lee Do is made to monitor and control the situation. As he seeks the culprits, he comes across many hurdles. July 2025 is all about exciting releases, including screen returns for many known faces. With an onslaught of thrillers, fans of K-dramas can look forward to a fun month!

Rupee ends month and quarter a tad lower, trails most Asian peers
Rupee ends month and quarter a tad lower, trails most Asian peers

Economic Times

time4 hours ago

  • Economic Times

Rupee ends month and quarter a tad lower, trails most Asian peers

The Indian rupee concluded the month and quarter slightly lower at 85.7550 against the U.S. dollar, underperforming most Asian currencies amid subdued portfolio inflows and a significant external investment deficit. While other Asian currencies have seen substantial gains this year, the rupee has remained relatively stagnant. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee slipped on Monday to end the month and quarter slightly lower, trailing most Asian peers amid muted portfolio inflows and weighed down by the country's external investment deficit The currency closed at 85.7550 against the U.S. dollar, down 0.3% on the day and postedmodest losses of 0.2% and 0.3% respectively for the month and quarter, underperforming most Asian peers amid a broad dollar the Indian unit is little changed on the year so far, Asian peers such as the Taiwan dollar and Korean won have risen about nearly 13% and 8% year-to-date, respectively, while the offshore Chinese yuan, a closely tracked peer of the rupee, is up over 2%. India's external investment deficit is among the key reasons cited by analysts behind the rupee's external investment positions of Asian countries have come into focus as investors ramp up hedge against persistent weakness in the dollar, thereby boosting currencies of countries with sizeable investment surpluses, like Korea and dollar index is down over 10% on the year so far, bogged down by worries over U.S. trade and fiscal policies, worries over the future independence of the Federal Reserve and expectations of upcoming cuts to benchmark interest portfolio flows have also been a sore point for the rupee with foreign investors net pulling about $0.5 billion from local stocks and bonds over the April-June the relative underperformance, analysts expect a broadly weaker dollar to support the rupee."We see scope for USD/INR to consolidate in an 84-86 range with a downside bias," DBS said in a note, adding that it would consider lowering USD/INR's forecast if the US Federal Reserve pivots towards a rate cut later this year and sets the stage for more USD the day, traders said that dollar bids from foreign bank and state-run banks weighed on the rupee even as most of its Asian peers logged gains.

Rupee ends month and quarter a tad lower, trails most Asian peers
Rupee ends month and quarter a tad lower, trails most Asian peers

Time of India

time4 hours ago

  • Time of India

Rupee ends month and quarter a tad lower, trails most Asian peers

The Indian rupee concluded the month and quarter slightly lower at 85.7550 against the U.S. dollar, underperforming most Asian currencies amid subdued portfolio inflows and a significant external investment deficit. While other Asian currencies have seen substantial gains this year, the rupee has remained relatively stagnant. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee slipped on Monday to end the month and quarter slightly lower, trailing most Asian peers amid muted portfolio inflows and weighed down by the country's external investment deficit The currency closed at 85.7550 against the U.S. dollar, down 0.3% on the day and postedmodest losses of 0.2% and 0.3% respectively for the month and quarter, underperforming most Asian peers amid a broad dollar the Indian unit is little changed on the year so far, Asian peers such as the Taiwan dollar and Korean won have risen about nearly 13% and 8% year-to-date, respectively, while the offshore Chinese yuan, a closely tracked peer of the rupee, is up over 2%. India's external investment deficit is among the key reasons cited by analysts behind the rupee's external investment positions of Asian countries have come into focus as investors ramp up hedge against persistent weakness in the dollar, thereby boosting currencies of countries with sizeable investment surpluses, like Korea and dollar index is down over 10% on the year so far, bogged down by worries over U.S. trade and fiscal policies, worries over the future independence of the Federal Reserve and expectations of upcoming cuts to benchmark interest portfolio flows have also been a sore point for the rupee with foreign investors net pulling about $0.5 billion from local stocks and bonds over the April-June the relative underperformance, analysts expect a broadly weaker dollar to support the rupee."We see scope for USD/INR to consolidate in an 84-86 range with a downside bias," DBS said in a note, adding that it would consider lowering USD/INR's forecast if the US Federal Reserve pivots towards a rate cut later this year and sets the stage for more USD the day, traders said that dollar bids from foreign bank and state-run banks weighed on the rupee even as most of its Asian peers logged gains.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store