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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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Saudi Arabia To Participate In Miss Universe Pageant For 1st Time Ever

Saudi Arabia will participate in the Miss Universe pageant for the first time, making it a historic event for the Islamic country.

Rumy Alqahtani, a beauty pageant veteran and an influencer on Monday announced this news on her Instagram handle that she will be representing the kingdom in one of the most popular pageants in the world.

She shared glamourous pictures of herself. In the picture, model can be seen wearing a strapless sequined gown.

Along with the photos, she wrote, "I am honoured to participate in the Miss Universe 2024 competition. This is the first participation of Saudi Arabia in the Miss Universe competition," she wrote in Arabic on Instagram.

According to the Khaleej Times, born in Riyadh, Alqahtani is no stranger to the spotlight. She has joined numerous global pageants, with the latest one being Miss and Mrs Global Asian in Malaysia a few weeks ago.

Last year, Miss Nicaragua Sheynnis Palacios was crowned Miss Universe 2023.

For the first time, a contestant from Nicaragua became the winner of the contest while Antonia Porsild from Thailand and Moraya Wilson from Australia secured the second and third positions respectively.

The organizers of the event had announced last year that the next edition will be held in Mexico.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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