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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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10 Injured After Maha Kumbh Rush Triggers Chaos At Delhi Railway Station

At least 10 people were injured after a sudden rush of passengers caused by two trains for the Maha Kumbh being delayed led to an overcrowding situation at the New Delhi Railway Station on Saturday night, officials said. At least four people fell unconscious and had to be hospitalised.

The chaotic situation developed around 8 pm on platform numbers 14 and 15 of the station as passengers were waiting to board trains to Prayagraj.  

Officials said additional security forces have been deployed to control the situation at the railway station and four fire engines were also rushed to the spot. The situation, they said, is under control and Railway Minister Ashwini Vaishnaw is on the way to the station. 

Railway authorities have urged people not to believe rumours of a stampede. 

Videos showed a massive crowd at the platform as a train rolled in. Officials said there was a rush to board the train as well as panic when passengers realised that not all of them would be able to get in. In the videos, at least two people were also seen lying unconscious as passengers around them attempted to resuscitate them.

"When the Prayagraj Express was on platform number 14, many people were present there. The Swatatantra Senani Express and Bhubaneswar Rajdhani (both of which pass through Prayagraj) were delayed and passengers of these trains were also present on platforms 12,13 and 14," said a police official. 



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