CavinKare is entering the quick service restaurant (QSR) segment under its news brand, Jango’z. It plans to set up over 100 outlets across India by 2026. It has opened the first Jango’z outlet in Chennai and is targeting over Rs. 150 crore in revenue in the next five years.
“Our entry into the QSR space comes in line with our refreshed CavinKare 2.0 strategy. CavinKare Director-Retail Manuranjith Ranganathan said, “Retail is one of the important divisions in CavinKare where we have made significant investments and have major diversification plans in the future as well.”
With the QSR segment poised to grow at a 15.4 percent CAGR, coupled with untapped potential in tier-2 and tier-3 markets, CavinKare is confident that Jango’z will become a (Rs) 150 crore brand by 2026.
All the Jango’z outlets in the future will serve freshly-made chicken in two ways–fried and tawa-grilled; signature double-patty burgers; and mocktails. The price range of the items on the menu starts at Rs 59.