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...
Telugu superstar Mahesh Babu paid tribute to his father and actor Krishna on his birth anniversary by sharing the title and teaser of his upcoming movie. Taking to his Twitter handle, Mahesh Babu shared the poster and captioned it, "Today is all the more special! This one's for you Nanna." Today is all the more special! This one's for you Nanna ❤️❤️❤️ pic.twitter.com/HEs9CpeWvY — Mahesh Babu (@urstrulyMahesh) May 31, 2023 In the next post, he unveiled the teaser of the film titled Guntur Kaaram . Highly inflammable! 🔥 #GunturKaaram https://t.co/Ff18etB5Ei #TrivikramSrinivas @hegdepooja @sreeleela14 @MusicThaman @vamsi84 #PSVinod @NavinNooli #ASPrakash @haarikahassine — Mahesh Babu (@urstrulyMahesh) May 31, 2023 Sharing the teaser, he wrote, "Highly inflammable! #GunturKaaram." The film was tentatively titled SSMB28 . The movie is slated to hit theatres on January 13, 2024. In the video, Mahesh Babu gets into action with a stick in his...