CPRL To Double Mcdonald’s Store Count To 600 by 2030

New Delhi: Connaught Plaza Restaurants Pvt Ltd (CPRL), the master franchiser for McDonald’s restaurants in India for north and east regions, has plans to invest up to $150 million (Rs1,280.7 crore) in next three to four years for expansion of network of quick service restaurant outlets, said a top company official. It has plans to take the store count by 300 by the end of this year from its existing 245 and then double it in the next three to four years from there, as part of its aggressive expansion plans, said Anant Agarwal, Vice-Chairman- MMG Group & CPRL.

Besides, CPRL, part of $1.2 billion MMG Group, is also expanding McCafe, the in-restaurant café brand of McDonald’s, from its 125 outlets presently to 200 by the end of this year. The group, which acquired CPRL in 2020 following a bitter tussle between the Chicago-based QSR (quick service restaurant) major and its former Indian partner, is modernising the existing stores and upgrading them to the EOTF (experience of the future) format. It also plans to tap into the opportunities from the small emerging tier III and below cluster places, with smaller-format stores, said Agarwal. When asked about expansion, Agarwal told PTI: “We have very aggressive plans for the growth as the north and east region, when it operates are very under penetrated.”