Press Release in respect of the expansion of footprint with New Franchise in Gandhinagar and Company-Owned Outlet in Surat.
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Neopolitan Pizza and Foods Limited, a Quick Service Restaurant (QSR) brand based in Gujarat, has signed a new franchise agreement in Gandhinagar (the state capital), marking the brand's entry into the city. Alongside this, the company has also finalised a new company-owned outlet in Surat, strengthening its existing presence there. The company stated that more than 9 new outlets across various cities are scheduled to open before Diwali. Founder and Managing Director Mukund Purohit highlighted the brand's growing demand and aggressive expansion strategy across Gujarat. No financial figures, investment amounts, or revenue projections were disclosed in the release.
This is a routine growth announcement for a small, recently-listed QSR chain. The addition of new outlets supports revenue growth over time, but no material financial detail is provided, so the near-term stock impact is likely limited. Shareholders should watch for updates on actual outlet openings and revenue contribution in upcoming quarters.