India's quick-service restaurant (QSR) industry is showing early signs of demand recovery, but Macquarie highlights rising costs and intensifying competition from food-delivery aggregators as reasons for its cautiousness. According to Macquarie, post-fourth-quarter trends indicate a gradual improvement in dine-in demand across restaurant chains. Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld. However, the recovery remains uneven and is being overshadowed by inflationary pressures and the growing dominance of delivery platforms such as Zomato and Swiggy. The brokerage said same-store sales growth across the listed QSR universe is tracking broadly in line with or slightly ahead of fourth-quarter levels. However, restaurant brands continue to trail delivery aggregators in growth, highlighting a structural shift in consumer behaviour. To counter this trend, restaurant operators have increa...
IND vs WI, 2nd ODI, Live Updates: Shardul Thakur has taken three wickets but West Indies are going well in their chase of 182 runs in the second ODI, thanks to Shai Hope's solid knock. Kuldeep Yadav has taken one wicket. Earlier, Romario Shepherd and Gudakesh Motie picked three wickets apiece as West Indies bundled India out for 181 runs. Ishan Kishan and Shubman Gill stitched a solid opening stand of 90 runs but West Indies bounced back brilliantly after that. Kishan fell for 55 while Gill departed for 34 but other India batters failed to play noticeable knocks. West Indies skipper Shai Hope won the toss and opted to bowl against Hardik Pandya-led India. (Live Scorecard)
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