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...
Chennai Super Kings' (CSK) icon MS Dhoni batted for the first time in the ongoing season of the Indian Premier League (IPL) when he walked out in the middle during the side's IPL 2024 game against Delhi Capitals (DC) in Visakhapatnam. Dhoni didn't get the chance to bat in CSK's first two matches, having demoted himself in the order. The player, however, came out to bat against DC when CSK went 6 down. Dhoni walked out to bat amid raucous reception from the crowd in Vizag and ended up slamming 37 not out off 16 balls, an innings that was laced with 4 fours and 3 sixes. The moment we've all been waiting for #Dhoni #ThalaDharisanam #IPLonJioCinema #TATAIPL #DCvCSK pic.twitter.com/HYlcWz7Tqc — JioCinema (@JioCinema) March 31, 2024 On the very first ball he faced, Dhoni hit Mukesh Kumar for a boundary and never looked back. Though CSK lost the match by 20 runs, Dhoni made sure the crowd got the perfect entertainment through his pyrotechnics. Here is how the f...