Weak demand hurts fast food chains in Q4, but outlook strong - Industry News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Upgrades are seen in PSUs, pharma and auto companies in the last few quarters, but there have been disappointments in sectors like consumer staples, IT services and metals
Upgrades are seen in PSUs, pharma and auto companies in the last few quarters, but there have been disappointments in sectors like consumer staples, IT services and metals
Foreign investors who have been largely sellers of Indian shares for the second straight month in May, led Thursday's rally. Market experts believe the rally could continue over the two weeks leading into the Lok Sabha election results on 4 June.
Analysts see room for more gains in the stock on expectations of a tariff hike, higher average revenue per user (ARPU) - a measure of earnings generated from each user - and lower capex.
Consumer spending (after GST) on mobile services rose 2.5% sequentially to around Rs 54,750 crore during the period —the third quarter of FY24 — as per the latest sector performance data released by Trai. In the fiscal second quarter, this growth was 1.84%. Spending on data was Rs 47,560.3 crore, up 3.4% from the previous quarter when the sequential growth was 3%.
Higher consumer spending on mobile broadband services helped Bharti Airtel and Reliance Jio boost their combined 4G/5G market shares by 0.25 and 0.05 percentage point sequentially to 28.8% and 54.1%, respectively, an analysis of the Trai data by ICICI Securities showed.
Expert View: Roop Bhootra, CEO - Investment Services, Anand Rathi Shares and Stock Brokers expects Nifty-50 to deliver 16% earnings growth in FY25. The earnings outlook for small caps as per him still looks the best among all (large, mid, small caps) for 2025-26.
Competition among QSRs has investors questioning if pizza will lose out to other comfort foods like burgers, fried chicken, and biryani. KFC has seen growth and outperformed pizza, while pizza firms face slow store growth expansion. Among QSR stocks, Sapphire Foods has given a decent return in last 6 months, and buy ratings are recommended for Devyani, Sapphire, and Restaurant Brands Asia.