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.
Macquarie's analysis of India's restaurant sector recovery indicates that listed Quick Service Restaurant (QSR) companies are seeing same-store sales growth slightly above Q4 levels. However, restaurant brands are falling behind delivery aggregators, suggesting a significant…
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