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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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"Have Right To Strike...": Putin's Veiled Warning To US, UK

Russian President Vladimir Putin said Thursday that Moscow has the right to strike military targets of countries whose weapons are used by Ukraine to hit Russian territory.

"We consider ourselves entitled to use our weapons against the military facilities of those countries that allow their weapons to be used against our facilities," Putin said.

"In the event of an escalation of aggressive actions, we will respond just as decisively," he added.

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



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