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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...

Video Of MS Dhoni Strapping His Knee During IPL 2023 Goes Viral. Watch

For MS Dhoni, the IPL 2023 was a special one in many ways. From the start of the edition, one man who was showered with all the adulation at every venue was MS Dhoni. Wherever Chennai Super Kings played, be it at home in Chennai or in away matches, Dhoni had the crowd backing him. Ultimately, Dhoni's CSK lifted the IPL title by defeating Gujarat Titans in the final in Ahmedabad. After the final, Dhoni even mentioned that he will try and play one more IPL season, but added that it would also require huge physical effort from his side. 

Dhoni will be seeking expert opinion from sports orthopedics in Mumbai on the state of his dodgy left knee before taking a call on his treatment, CEO Kasi Viswanathan said on Wednesday. Now, a video has gone viral on social media where it can be seen that Dhoni is strapping his knee. 

Dhoni had played the entire IPL season with a heavily strapped left knee and although he looked absolutely okay while keeping, more often than not batted as late as No.8 and didn't look swift while running between the wickets.

"Yes, it is true that Dhoni will be taking medical advice for his left knee injury and accordingly decide. If surgery is advised, it can only be ascertained after reports come out, it will be completely his call," Viswanathan told PTI.

Is there a possibility that Dhoni will decide against playing next season and thus free up a purse of Rs 15 crore for the mini auction, the CEO replied: "Frankly, we are not even thinking on those lines as we haven't reached that stage.

"It will be completely Dhoni's call. But I can tell you in CSK, we haven't entertained those thoughts," Viswanathan said.

With PTI inputs



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