Since the start of November, the stock has gained 25 per cent while the Sensex was down about 1 per cent over the same period.
The company continues to outperform its peers even in a soft demand environment and analysts believe it will maintain its sales momentum even in the second half of FY25.
The sector, too, is expected to recover next year (CY25) after bearing the brunt of consumer slowdown in CY24.
In addition to a poor consumption climate, rise in competitive intensity from smaller QSR brands and Cloud kitchens (aided by aggregators such as Swiggy/Zomato) are hitting the organised QSR market.
Analysts led by Percy Panthaki of IIFL Research highlight that CY24 has been a slow year for the sector. However, going into CY25, there should be some recovery considering factors like benefit from low base, menu innovations and improved affordability.
This story is from the December 31, 2024 edition of Business Standard.
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This story is from the December 31, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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