GST rate cuts to benefit QSR stocks including Jubilant Foodworks, RBA and Devyani: Report

Quick Service Restaurants (QSRs), which are largely concentrated in metro cities, have been impacted by weak consumer demand, high competitive intensity, and certain political and regional issues in recent quarters. This weak demand persisted in the June quarter as well, with same-store sales growth (SSSG) remaining flat to negative across the board.