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...
Eight people died after a bus coming from Amritsar skidded off a bridge and fell into a deep gorge in Jammu and Kashmir, police said today. Another 20 passengers were injured and taken to the hospital.
The incident occurred on the Jammu-Srinagar national highway, near Jajjar Kotli area, about 15 km from its destination Katra in Reasi district.
The bus was carrying pilgrims to Mata Vaishno Devi shrine in Katra, reported news agency PTI.
"Eight people have fatal casualties and 20 others are injured. Rescue operation is on," Senior Superintendent of Police Chandan Kohli told news agency PTI.
The injured are being treated at the Government Medical College in Jammu.
from NDTV News- Special https://ift.tt/wBIqC5U
Comments
Post a Comment