I feel that big QSR brands wont do as well in the near future atleast in India, as a stock time and again they might if there’s a bargain but it wouldnt be a big wealth creating sector…I feel the golden days for big QSR chains are behind them…
— I think historically there have been giant winners in this sector like McD,Dominos etc which leads to a sort of a bias. The notion is because they have worked so well in other countries,India is untapped and hence a lot of potential etc…that line of thought
— The other is with the prevalence of Zomato/Swiggy the delivery moat that these big QSR’s like dominos enjoyed is gone. It is a level playing field for everyone .Plus the competition is much more intense…So many new burger/pizza/biryani brands if you do a search on swiggy/zomato.
It is a crowded space right now . and because of this Zomato was a no brainer at around 50 rs not so long ago…