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Weak demand hurts fast food chains in Q4, but outlook strong - Industry News

Weak demand hurts fast food chains in Q4, but outlook strong - Industry News
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Food delivery, quick commerce take a bite out of QSR sales: brokerage reports, ET Retail

Food Delivery Platforms: 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. ....

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Rapid expansion of Zomato, Swiggy to impact QSR sales, says report

Rapid expansion of Zomato, Swiggy to impact QSR sales, says report
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Moneycontrol Pro Weekender | Edge of Euphoria

Among the global fund managers surveyed by Bank of America, 61 percent said they expected lower-than-average growth and higher-than-average inflation for the global economy over the next 12 months ....

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food and beverage: PVR Inox looks to grow pre-ticketing F&B biz post its JV with Devyani

PVR Inox has partnered with Devyani International to expand into the food and beverage sector. Devyani will hold a 51% stake, while PVR will have 49%. This joint venture aims to boost pre-ticketing F&B revenue through branded food courts adjacent to cinemas. In FY24, PVR Inox s F&B sales rose 21% to Rs 1958 crore. The company plans to open 5-6 food courts initially. PVR Inox is also shifting to a capital-light model, reducing capex and adding new screens through a franchise model. ....

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