With expectation of urban demand recovery, analysts at Motilal Oswal Financial Services said they need to see if January trends for QSR companies are sustaining.
Meanwhile, shares of the food delivery platform companies Swiggy and Eternal (formerly Zomato) were down 3 per cent and 2 per cent, respectively on Thursday.
Brokerages remain positive on Devyani International after the Board's approval of Sapphire Foods merger, citing scale benefits, cost synergies and stronger QSR economics
Merger with Sapphire Foods will create a unified Yum! India franchise, while Devyani's non-Yum brands and acquisitions are expected to support topline growth
Stocks to watch today, Friday, January 2, 2026: Market participants will keep an eye on Railtel Corporation of India, Sapphire Foods, and Vodafone India share prices in Friday's session.
Jubilant FoodWorks' stock rose 4.6 per cent, while Devyani International and Sapphire Foods India rose 4.2 per cent and 7.6 per cent, respectively
GST 2.0 reforms may boost QSR demand as tax rates fall. Analysts see Jubilant FoodWorks, RBA, Devyani International, and Sapphire Foods gaining the most