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News on Medial
Quick service restaurants' revenue, margin under severe stress; recovery seems distant: report
Economic Times
·
1y ago
Medial
The rapid rise of food delivery apps like Zomato and Swiggy has put pressure on quick service restaurants (QSRs), causing their revenue and margins to suffer, according to a report by BNP Paribas. The popularity of food aggregators has negatively affected dine-in sales and fragmented delivery sales for QSRs. The increased competition has particularly impacted pizza restaurants, which face intense rivalry as more cuisines become available for delivery. The report suggests that the road to recovery for QSRs may be longer than anticipated due to various factors, including inflation and increased options for consumers.
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Banks' asset quality to improve further over next 12 months: RBI report
VCCircle
·
1y ago
Medial
According to a report released by the Reserve Bank of India (RBI), the asset quality of Indian banks is expected to further improve over the next 12 months. The report shows that the gross non-performing asset (GNPA) ratio of banks decreased to 3.2% as of September 2023. Under the baseline scenario, the GNPA ratio is predicted to improve to 3.1% by September 2024. The report also highlights the stability and resilience of India's financial sector, with banks being well-capitalized and able to meet minimum capital requirements even under severe stress scenarios.
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Rapid Growth Of Zomato, Swiggy To Hurt QSR Sales: BNP Paribas
Inc42
·
1y ago
Medial
According to a report by BNP Paribas, the average daily sales of the Quick Service Restaurant (QSR) industry are declining due to increased competition and fragmentation. The report highlights the rapid growth of Zomato and Swiggy, which have significantly increased the number of restaurants on their platforms. In FY24, the number of active restaurants on Zomato increased to 51 times that of the total branded QSR stores, compared to 22 times in FY19.
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Tata Motors Q4 preview: Firm expected report healthy performance driven by JLR
Livemint
·
1y ago
Medial
Tata Motors is expected to report strong numbers for the Q4 of March, with a net profit estimated between ₹3,100-3,200 crore. The company witnessed volume growth of 3% during this period, driven by the passenger vehicles segment, while JLR volumes rose by 24% due to chip supply recovery and new models. Brokerages are anticipating healthy performance and revenue growth across segments, with JLR expected to see an EBIT margin of 5.3% and CV likely to witness an expansion of 210 bps. Tata Motors' consolidated revenue is projected to grow by 37% with a corresponding increase in EBITDA margin.
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Swiggy launches DeskEats for office-goers in 30 Indian cities, including Bengaluru and Pune
IndianStartupNews
·
4d ago
Medial
Swiggy has introduced "DeskEats," a curated food delivery service for office-goers in 30 Indian cities, including Bengaluru and Pune. Targeting over 7,000 tech parks and corporate hubs, DeskEats offers access to 700,000 items from 200,000 restaurants. The service includes themed collections like “Stress Munchies” and “Healthy Nibbles,” catering to workplace food needs. The initiative follows Swiggy’s Corporate Rewards program and aims to fit seamlessly into busy workdays for professionals.
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Zomato to launch 10-minute food delivery pilots in NCR under Quick next week
YourStory
·
6m ago
Medial
Zomato plans to initiate its 10-minute food delivery service, 'Quick,' in NCR, collaborating with restaurants maintaining high ratings for hygiene and quality. This venture will challenge Swiggy's popular Bolt service, which commands significant visibility and a growing share of orders. While the 10-minute delivery model is burgeoning, with players like Zepto Cafe and new entrants Swish and Zing, customer migration from traditional orders to quick service options remains a concern among restaurant operators.
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Ghost Kitchens India, a cloud kitchen startup, raises $5M in a Series A round
IndianStartupNews
·
1y ago
Medial
Ghost Kitchens India, a cloud kitchen startup, has secured $5 million in a Series A funding round. Led by Gujarat Venture Finance Limited, the round also saw participation from NB Ventures, LetsVenture, Lead Angels, and existing investors. Ghost Kitchens operates popular brands like Khichdi Paradise and Bhayankar Burgers, serving customers across Mumbai, Ahmedabad, and other Indian cities. The startup provides a plug-and-play food delivery concept within existing setups to boost revenue and profits for restaurants and cloud kitchens. With the new funding, Ghost Kitchens plans to open 25 quick-service restaurants with dine-in facilities.
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Ola Consumer takes another go with quick food delivery, pilots Dash
YourStory
·
7m ago
Medial
Ola Consumer has launched Dash, a 10-minute food delivery service, in Bengaluru. The feature is currently available with restaurants like EatFit. This marks Ola Consumer's entry into the quick food delivery category. The company had previously launched a quick commerce offering called Ola Dash, but it was shut down in June 2022. Other players in the quick food delivery segment include Zepto, Swiggy, and Zomato. The growing demand for quick deliveries has extended beyond food to categories like apparel and electronics.
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From Hotels to Meals: OYO Bets on F&B Biz with In-House Kitchens, QSR Carts
OutlookIndia
·
3m ago
Medial
OYO is venturing into the food and beverages (F&B) industry through in-house kitchens and Quick Service Restaurants (QSR) carts in its hotels. Targeting 1,500 hotels by FY26, this initiative aims to enhance guest experiences and generate extra revenue. Townhouse Cafe will offer ready-to-eat meals, catering to various customer needs. After a successful pilot in select cities, OYO projects the F&B segment to contribute 5%-10% to hotel revenues, enhancing customer satisfaction across key locations.
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Asset quality stress in MFI sector expected to persist in H1 FY26: Report
Economic Times
·
24d ago
Medial
The NBFC-MFI sector faced significant asset quality stress in FY2025, with borrower overleveraging and operational challenges causing a surge. Asset quality issues led to a decline in the assets under management (AUM) by 12%. The stress is expected to persist through the first half of FY2026, according to an ICRA report. However, a recent RBI directive aims to improve NBFC-MFIs' credit risk profile and loan diversity by adjusting qualifying asset criteria.
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Zomato launches 15-minute food delivery offering
Economic Times
·
7m ago
Medial
Zomato has introduced a 15-minute food delivery service in Gurgaon, aiming to provide rapid deliveries from nearby restaurants. This initiative parallels Swiggy's Bolt, which constitutes over 5% of its orders. Additionally, Zomato-backed Blinkit launched Bistro for rapid food deliveries from its dark stores. Zepto, supported by Nexus Venture Partners, also competes in this quick delivery space with its Cafe service, delivering within 10 minutes.
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