Hardcastle Restaurants will expand McDonald’s Indian network to around 400 in four to five years.
The master franchise of McDonald’s for western and southern India plans to spend around Rs750 crore (around $120 million) to add up to 250 new stores to its existing 189 restaurants in India.
“Out of the new planned stores, about 60-70 per cent will come up in key big cities, while about 30-40 per cent will be set up in non-metros and smaller towns or highways,” Smita Jatia, MD at Hardcastle Restaurants, told BusinessLine.
To seize some share of India’s growing coffee market, Hardcastle Restaurants plans to open more McCafe outlets to offer premium specialty coffee including cappuccino, latte, iced mocha and frappe.
There will be around 100 McCafe outlets in India over the next two years from 11 currently, Jatia says.