Food delivery, QSR stocks slip on LPG shortage fears
Mumbai: Shares of quick service restaurant operators and online delivery platforms weakened on Thursday as a shortage of commercial LPG cylinders disrupted operations and is feared to hit delivery volumes.
Among online delivery platforms, shares of Eternal ( Zomato) and Swiggy each ended 1% lower after declining as much as 5%.
Westlife Foodworld, operator of McDonald's restaurants in West and South India, slipped about 3%, Jubilant FoodWorks, a franchisee of Domino's brand, fell nearly 2.4% and Speciality Restaurants, owner of multiple restaurant chains, ended 0.2% lower.
Among online delivery platforms, shares of Eternal ( Zomato) and Swiggy each ended 1% lower after declining as much as 5%.
Westlife Foodworld, operator of McDonald's restaurants in West and South India, slipped about 3%, Jubilant FoodWorks, a franchisee of Domino's brand, fell nearly 2.4% and Speciality Restaurants, owner of multiple restaurant chains, ended 0.2% lower.
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