QSR
TRADERS’ CORNER: A watch reseller for 10% break outmove, while a QSR makes a comeback attempt for 5%
Some old horses are coming back into action.
QSR chain Charcoal Eats gets ₹45 crore on its plate
The nine-year-old company has 40 doors, mostly cloud kitchens in Mumbai, Pune and Delhi-NCR and competes with Biryani by Kilo and Behrouz Biryani in the ₹6,000 crore biryani segment. For the past several years, biryani has been the most ordered dish on both Swiggy and Zomato, but the market is highly fragmented and unorganised.
TRADERS’ CORNER: Two tech companies decode ways for their stocks to rise 4-7%
Nifty opened positive but then went into choppy waters. It managed to hold on to its gains at close.
TRADERS’ CORNER: Power major and realty stock line up with 5% gains each
Nifty hit a fresh lifetime high and closed at a new all-time high level.
TRADERS’ CORNER: Brewery stock and consumer stock open window for about 6% runup
Markets saw a gap-down opening and the Nifty closed with a cut.
TRADERS’ CORNER: Banking major lends support for 5% rise; engineering stock makes base for 7% gain
Nifty formed its day’s high in the early minutes and then remained in a capped range. It closed with a modest gain.
TRADERS’ CORNER: IT major set to rise 4% and a textile stock eyes 7% gain
The Nifty opened weak. It largely stayed down and closed with a loss.
Retail cos, QSRs expand at slowest pace in 5 years
Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700 stores, averaging 7 a day, but that's nearly half compared to 13 doors each day in FY23. Retail sales growth rate fell year-on-year every month in the previous fiscal, reflecting weak consumer sentiment across segments like apparel, footwear, and QSR.
TRADERS’ CORNER: Steel & wire maker ropes itself to 5% ride as QSR stock aims at 6%
Nifty opened negative and saw a small recovery. But it lost energy to fight and ended in loss.
Online eats into offline; Agnikul defers rocket launch
The rapid adoption of quick commerce and food delivery apps is eating into the sales of retail, and quick service restaurants. This and more in today’s ETtech Top 5.
Food delivery, quick commerce take a bite out of QSR sales: brokerage reports
For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, down from 18% a year ago, while both same-store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.
Starbucks’ FY24 losses widen to Rs 81.84 crore for India operations
Of its total loss, Tata Consumer bore Rs 40.91 crore. This is a significant increase compared to the previous year, when Starbucks reported a loss of Rs 24.97 crore on sales of Rs 1086.89 crore.
Retailers report 4% growth in sales in April 2024
Retail sales in April 2024 increased by 4% compared to April 2023, according to a survey by the Retailers Association of India. However, the retail sector is not experiencing double-digit growth, as customers are cautious on non-essential items and splurging on capital purchases. Sales across regions showed growth, with QSR, food & grocery, and jewellery categories experiencing significant growth.
Risk-adjusted returns in rural-linked stocks could be quite significant: Anshul Saigal
Lots of segments are monopolies in this space and there is bound to be interest in this space. There will be further interest in this space and there could be further upsides. Again, easy money has been made, but there is still money on the table and one will have to choose pockets.
ETMarkets Smart Talk: Why QSR and IT could turn out to be Dark Horse in FY25, Sameer Kaul explains
Sameer Kaul from TrustPlutus Wealth highlights Quick Service Restaurants (QSR) as a dark horse sector, emphasizing the IT sector's challenging outlook. He discusses various market factors, including corporate earnings, FII flows, and Gen Z investing advice. Kaul says that given the surging monthly GST collections, we believe the earnings season will end on a positive note with no major hiccups.
ETMarkets Smart Talk: Market valuation key risk! Sampath Reddy is betting on pharma, QSR & financial sectors in FY25
Sampath Reddy discusses market risks in FY25 due to elevated valuations, emphasizing the pharmaceutical sector's potential. He advises favoring large-caps, notes SEBI's stress-test for MF schemes, and highlights post-election sector benefits. Reddy also says: "We expect that equity returns maybe a bit subdued in FY25 compared to FY24, even though the long-term India growth story remains intact."
Expect bigger delta for Zomato versus QSR stocks in IPL, T20 season: Karan Taurani
Karan Taurani explains the impact of T20 World Cup and IPL on QSR companies, emphasizing Zomato's performance compared to other QSR companies, highlighting market fragmentation and delivery contribution challenges. On a QoQ basis, we will see a delta for Zomato. As far as QSR companies are concerned, there is not much of a big respite.
Two-wheeler segment to continue to do well; Hero Honda, Bajaj Auto, TVS among top picks: Nischal Maheshwari
Nischal Maheshwari discusses the positive outlook for the two-wheeler space recovery. This is the last to recover and we are seeing the recovery continuing out there and as the rural recovery happens and that has been one elusive part, as and when it happens, the two-wheeler space will continue to do well. Top picks include Hero Honda, Bajaj Auto, TVS, and Eicher due to favorable valuations.
Where will the next set of triggers come for Reliance? Deven Choksey answers
Vodafone-Idea's debt is make or break. Maharashtra FDA plans more tests on global fast food chains. QSR stocks like Restaurant Brands Asia, Devyani, Westlife offer opportunity. Japan's QSR market shows potential. Reliance has unlocking value in Jio platform, Reliance Retail, renewables. Market opportunity in media, auto, auto ancillary, travel and tourism, NBFCs.
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