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Restaurant Recovery: Macquarie Has Picked Winners, And Jubilant Isn't On The List

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...
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"What Happened Between Gambhir And Kohli...": Kapil On 'Painful' IPL Spat

The on-field verbal spat behind Royal Challengers Bangalore star Virat Kohli and Lucknow Super Giants mentor Gautam Gambhir during the Indian Premier League (IPL) 2023 resulted in a massive controversy. Both of them were handed hefty fines for their conduct and the entire incident attracted criticism from several ex-cricketers. Legendary Indian cricket team skipper Kapil Dev opened up about his feelings regarding the spat and said that the Board for Cricket Control in India (BCCI) needs to “groom players to be good citizens” off the field. 

“They (BCCI) have to groom players to be good citizens also. What happened between Gautam Gambhir and Virat Kohli in the IPL, it was painful for me," Kapil said in an interview with The Week.

“My two most important people―Virat Kohli, one of the top batters in the world; Gambhir is now member of Parliament―how can they behave in such a manner? But sportsmen do lose their mind, from Pele to Don Bradman to all people," the former India skipper added.

Meanwhile, former India fast bowler Venkatesh Prasad launched a scathing criticism of Team India after they were beaten by West Indies in the second ODI encounter in Barbados. India went into the match without Rohit Sharma and Kohli but the other batters were unable to make up for their absence.

“Despite the money and power, we have become used to celebrating mediocrity and are far from how champion sides are. Every team plays to win and so does India but their approach and attitude is also a factor for underperformance over a period of time,” he tweeted.

It's been long since the IPL 2023 season concluded but the incident still remains fresh in the minds of fans. Though there have been a few incidents of altercations between two players in the league, nothing of that magnitude arguably ever took place.



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