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Whatu2019s it about? The QSR chain considers Bengaluru an important market and plans to add 12 to 15 new stores annually. The burger chain already has a presence in 175 locations. The companyu2019s revenue for the first quarter was u20b935 crore, and aims to increase that to u20b940 crore for the upcoming third quarter.
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Jumboking’s expansion plans Jumboking expanding (Image credit: Jumboking’s Facebook post) The quick-service restaurant (QSR) chain will expand its presence in the city with new stores. What’s it about?The QSR chain considers Bengaluru an important market and plans to add 12 to 15 new stores annually. The burger chain already has a presence in 175 locations. The company’s revenue for the first quarter was ₹35 crore, and aims to increase that to ₹40 crore for the upcoming third quarter. The company is bullish on Bengaluru due to its large young population. It plans to open 150 to 200 stores in Bengaluru over the next decade. The company first entered the city 12 years ago.
The first burger store was opened in the city in HSR Layout in August. Its average per-store sales is equivalent to those in Mumbai and Delhi. Further expansions: The chain wants to have 500 stores in the top 5 to 6 cities to help provide efficiency in supply chain management and marketing. The company will enter new markets like Kolkata, Chennai, and Ahmedabad while expanding in existing markets like Mumbai, Delhi, and Hyderabad. Source: https://thelocalbrief.com/newsletters/tlb-bengaluru/jumbokings-expansion-plans/