New Delhi, March 13 -- Shares of quick-service restaurants (QSRs) are currently hovering around their 52-week lows, primarily due to a significant shortage of commercial LPG resulting from supply chain issues in the Strait of Hormuz.
Key players such as Sapphire Foods, Jubilant Foodworks, Devyani International (KFC, Pizza Hut), and Westlife Foodworld (McDonald's) are encountering operational challenges and potential pressure on profit margins, with certain stocks declining by as much as 7%.
Westlife Foodworld and Sapphire Foods stocks touched their 52-week low, while Jubilant Foodworks and Devyani International were around their 52-week low.
Investors are concerned that the disruption in cylinder supply may lead to decreased operating ...
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