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.
Motilal Oswal said it has largely retained its estimates for FY27 and FY28, even as demand remained under pressure in the third quarter
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.
PL Capital's channel checks indicate that industry footfalls in the third quarter have not matched initial projections, with limited evidence of incremental spending benefits from tax changes.
Westlife Foodworld CEO Akshay Jatia says the focus is now on driving volumes, digital adoption and customer frequency as McDonald's targets 600 stores by 2027
Westlife Foodworld shares fell as analysts cut the target price of the stock after it reported its September quarter earnings