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...
DC vs CSK IPL 2024 Live Score: Mukesh Kumar has taken his third wicket of the day and this time, he dismissed Shivam Dube for 18. Ravindra Jadeja has now been joined by MS Dhoni as six-down Chennai Super Kings aim for a stable partnership in the chase of 192. On the other, DC bowlers are eyeing some quick wickets. Half-centuries by David Warner and Rishabh Pant helped Delhi Capitals post 191/5 in 20 overs against Chennai Super Kings. Opting to bat first, DC started off on a brilliant note with openers Warner and Prithvi Shaw forming a good partnership. However, CSK bounced back by scalping four wickets in a quick succession. Later, skipper Pant played a quick knock as helped DC post a big total. (Live Scorecard)
Live Updates of IPL 2024 12th Match Between Delhi Capitals and Chennai Super Kings, straight from Visakhapatnam
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