Hardcastle Restaurants, the master franchisee for McDonald’s in the Western and Southern states of India, is targeting a top line of Rs 2,500 crore by 2022 when it will have 400 stores on an investment of around Rs 500 crore. Westlife Development that owns Hardcastle Restaurants had reported a revenue of Rs 1,401.6 crore in FY19. Hardcastle recently opened the 300th McDonald’s store and is aiming to take the count to 400 by 2022. The company would be pumping in Rs 500 crore of direct and indirect investment up to 2022. Buoyed by the growth in the coffee segment, Hardcastle is planning to have McCafe, the McDonald’s coffee brand, in almost every McDonald’s restaurant it operates by 2022. This will be the new business opportunity for the signage companies dealing in in-store branding and signage projects.
Hardcastle Restaurants aims at taking count of McDonald’s to 400 by 2022
