Against the backdrop of the lockdown hurting discretionary demand and its consequent impact on consumer behaviour — moving away from dine-outs and crowded places, such as malls and cinema theatres, experts believe a recovery to the FY20 (pre-Covid-19) levels could take at least 15-20 months.
However, within the discretionary space, too, expectations are that quick-service restaurants (QSRs) may see a faster recovery than multiplexes. The Street, too, believes so, given the outperformance of QSR stocks, such as Jubilant FoodWorks and Westlife Development, vis-à-vis ...
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First Published: Sun, May 24 2020. 19:32 IST
