Say goodbye to summer sluggishness! Energize your way to success with these powerful natural supplements – Don’t miss out!

To Try

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May 30, 2023

As the summer months approach, many individuals find themselves battling feelings of lethargy and low energy. Factors such as dehydration, lack of sleep, and the body’s response to heat can contribute to this sluggishness. While commercial products may promise a quick energy boost, a natural approach can be more effective and sustainable. By incorporating the right combination of natural supplements and herbs into your routine, you can rejuvenate your energy levels and conquer the summer months with vigor.

In this article, we will explore the power of these natural supplements and herbs and how they can help you combat summer lethargy.

Understanding the Benefits of Natural Supplements:

Natural supplements and herbs offer a holistic and chemical-free approach to boosting energy levels. They can provide various benefits, such as improving energy, reducing fatigue, enhancing cognitive function, and promoting a positive mood. It’s important to note that while these supplements can be helpful, they should not replace a healthy diet and lifestyle. Consulting with a healthcare professional before incorporating new supplements or herbs into your routine is always recommended. With that in mind, let’s dive into six powerful natural supplements and herbs that can help you beat summer sluggishness.

Rhodiola Rosea: Rhodiola Rosea, a herb with a long history in traditional medicine, is known for its fatigue-reducing properties. It helps increase energy levels and improve mood by lowering stress hormone levels in the body. By incorporating Rhodiola Rosea into your routine, you can experience a natural boost in energy and better cope with the challenges of summer lethargy.

Ginseng: Ginseng is a renowned natural supplement that has been used for centuries to enhance energy levels and alleviate tiredness. It not only boosts physical energy but also enhances cognitive function and focus. By reducing stress hormone levels and increasing energy production, ginseng provides a natural and sustainable way to combat summer fatigue.

Ashwagandha: Ashwagandha, a staple in Ayurvedic medicine, offers a multitude of benefits, including stress reduction, increased energy levels, and improved mental clarity. By reducing stress hormone levels, Ashwagandha helps combat fatigue and enhances overall well-being. Incorporating this herb into your routine can provide the energy boost you need to conquer the summer months.

Cordyceps: Cordyceps, a type of fungus used in traditional Chinese medicine, is known for its energy-boosting properties. It increases energy levels, reduces fatigue, and enhances physical performance and endurance. By incorporating Cordyceps into your daily routine, you can experience increased vitality and stamina to overcome summer sluggishness.

Green Tea Extract: Derived from the Camellia sinensis plant, green tea extract is a popular natural supplement known for its energy-boosting properties. It enhances mental clarity, concentration, and energy production while reducing fatigue levels. Green tea extract offers a natural and refreshing way to revitalize your energy and stay focused during the summer months.

Magnesium: Magnesium, an essential mineral for energy production and numerous bodily functions, is renowned for its fatigue-alleviating properties. It aids in managing stress hormone levels, improves mental acuity, and reduces fatigue. By incorporating magnesium-rich foods or supplements into your diet, you can enjoy increased energy levels and overall well-being.

This summer, don’t let sluggishness hold you back from achieving your goals. By harnessing the power of natural supplements and herbs, you can revitalize your energy levels and embrace the season with enthusiasm. Whether it’s Rhodiola Rosea, ginseng, ashwagandha, cordyceps, green tea extract, or magnesium, each of these natural remedies offers unique benefits to combat fatigue and boost your energy levels. Remember, a healthy diet, regular exercise, and adequate rest are vital components of overall well-being. Consult with a healthcare professional to determine the most suitable natural supplements for your individual needs. Embrace the power of nature and say goodbye to summer sluggishness as you energize your way to success!

Morning game-changer: Why swapping coffee for a banana will transform your day!

Health & Diet

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SnackTeam

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May 30, 2023

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For many of us, coffee has become synonymous with jump starting our mornings and getting our day off to a productive start. However, what if there was a simple and natural alternative that could provide an even greater boost of energy and vitality? Enter the humble banana, a nutritional powerhouse that holds the potential to transform your day.

In this article, we will explore the surprising benefits of swapping your morning coffee for a banana and how this small change can have a significant impact on your overall well-being and productivity.

Natural Energy Boost: While coffee is often relied upon for its caffeine content, bananas offer a natural and sustainable source of energy. Packed with essential vitamins, minerals, and natural sugars, bananas provide a steady release of energy throughout the day, without the crash often associated with caffeine consumption. The combination of carbohydrates, fiber, and natural sugars in bananas fuels both the body and the brain, promoting alertness and focus.

Enhanced Mood and Mental Well-being: Bananas are not only beneficial for physical energy; they also have a positive impact on our mood and mental well-being. Rich in tryptophan, an amino acid that the body converts into serotonin, bananas can help regulate mood, reduce anxiety, and promote feelings of happiness and relaxation. By starting your day with a banana, you can set a positive tone for the rest of the day and improve your overall emotional state.

Nutritional Powerhouse: Bananas are often underestimated when it comes to their nutritional value. They are an excellent source of vitamins and minerals, including potassium, vitamin C, vitamin B6, and dietary fiber. Potassium, in particular, plays a vital role in maintaining proper heart function, muscle contraction, and fluid balance. By opting for a banana in the morning, you’re not only satisfying your taste buds but also nourishing your body with essential nutrients.

Digestive Health and Satiety: Coffee, especially when consumed on an empty stomach, can sometimes lead to digestive discomfort. In contrast, bananas are gentle on the stomach and can aid in maintaining a healthy digestive system. The fiber content in bananas promotes regular bowel movements and helps prevent issues such as constipation. Additionally, the combination of fiber and natural sugars in bananas provides a feeling of satiety, keeping you full and satisfied throughout the morning.

Immune System Support: Building a strong immune system is crucial for overall health and well-being. Bananas are a rich source of vitamin C, which plays a vital role in boosting immune function and fighting off infections and illnesses. By incorporating bananas into your morning routine, you can give your immune system a natural and much-needed boost, helping you stay healthy and productive.

Versatility and Convenience: Another advantage of swapping coffee for a banana is the versatility and convenience it offers. Bananas are a portable and fuss-free option that can be easily enjoyed on the go. Whether eaten as is, blended into a smoothie, or sliced onto whole-grain toast, bananas provide a quick and nutritious morning meal that fits seamlessly into a busy lifestyle.

Incorporating Bananas into Your Morning Routine:

Now that we’ve explored the benefits of swapping coffee for a banana, it’s time to consider how to incorporate this morning game-changer into your daily routine. Start by replacing your cup of coffee with a ripe banana, allowing yourself to experience the natural energy and nourishment it provides. Experiment with different ways of enjoying bananas, whether in smoothies, as part of a balanced breakfast, or as a pre-workout snack. Find the method that suits your taste preferences and lifestyle, and make it a habit to include bananas in your morning ritual.

Swapping coffee for a banana is a simple yet powerful change that can transform your day and elevate your overall well-being. By embracing the natural energy, mood-enhancing properties, and nutritional benefits of bananas, you can experience a sustainable and holistic approach to starting your mornings. Make the switch today and discover the incredible difference that this humble fruit can make in your life. Embrace the morning game-changer and unlock a new level of vitality, focus, and productivity.

OVO Farm revolutionizes Indian egg industry with blockchain technology, ensuring trust and transparency

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May 29, 2023

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With over two decades of expertise in egg farming, OVO Farm has established itself as a leader in high-quality egg production. (Representative Image)

OVO Farm, the leading egg producer in East India, is spearheading a transformation in the Indian Egg Industry to foster trust and transparency among consumers. Through its innovative products and processes, the company aims to revolutionize the industry. One of their recent breakthroughs is the introduction of a distinctive blockchain technology, enabling traceability of their eggs throughout the entire supply chain, from farm to consumer.

Operating under the renowned brand name ‘Kenko,’ OVO Farm offers superior-quality, fresh, and hygienic eggs. Each product is equipped with a unique QR code, allowing consumers to verify the authenticity of the eggs by scanning the code. This cutting-edge initiative empowers consumers with knowledge about the origin and journey of the eggs they purchase, fostering trust and confidence in the OVO Farm brand.

Speaking on the vision behind introducing blockchain technology, Samarendra Mishra, Co-Founder and Director of OVO Farm said, “Through our blockchain technology we want to ensure quality and make sure that right products are reaching to our customers. Each of our products has a unique scan code on its label which gives information about the journey of the product right from the producing unit till it reaches customers. We at OVO Farm are committed to our mission of producing and catering fresh, hygienic and nutritious eggs for a healthy community.”

By scanning the QR code on the packaging, consumers can easily access crucial information about the eggs they purchase. This includes details such as the farm’s location, the dates of processing, packaging, and transportation history. The QR code acts as a gateway to transparency, allowing consumers to make informed decisions about the products they are buying. With this valuable information at their fingertips, consumers can have a deeper understanding of the journey and quality of the eggs, instilling trust and confidence in OVO Farm’s commitment to providing a reliable and traceable food supply.

Kenko, the premier brand of OVO Farm, offers a diverse range of six egg varieties: Hi-Pro, Brown, Immuno, MoreOVOr, and On-Day. These products are conveniently available in packs of 6, 10, and 20 eggs. Each variety boasts its own distinct nutritional value, ensuring that consumers have a wide selection to cater to their specific dietary needs. What sets Kenko apart is its commitment to delivering eggs that are sourced directly from the farm, guaranteeing freshness and quality. With a strict adherence to hygiene standards, the eggs undergo minimal human touch, ensuring a pristine and safe product for consumers to enjoy.

OVO Farm recently introduced its revolutionary flagship store, KENKO AGSTRA, located in Nayapalli Bhubaneswar. This exclusive egg store marks Odisha’s first of its kind, offering customers direct access to farm-fresh, nutritious eggs, and more. As part of their expansion plans, the company intends to establish stores in every locality of Bhubaneswar in the near future, ensuring convenient access for all residents.

In addition to the exclusive store, KENKO products are readily available to consumers in Bhubaneswar and Kolkata through an extensive network of retail shops, including general trade retail units and modern trade stores in both cities. This widespread availability ensures that customers can easily find KENKO products near their location.

To cater to the evolving needs of consumers, KENKO products are also accessible through various e-commerce platforms. This enables customers to conveniently order their preferred products online, further enhancing accessibility and convenience. Whether through physical stores or online platforms, OVO Farm strives to ensure that their high-quality KENKO products are readily available to meet the demands of discerning customers.

With over two decades of expertise in egg farming, OVO Farm has established itself as a leader in high-quality egg production. Currently, the farm operates three units situated in Balangir, collectively producing an impressive one million eggs each day. The farm’s commitment to maintaining global standards has garnered recognition, leading to the export of their exceptional eggs to various countries worldwide, including the Middle East and Africa. OVO Farm’s continuous global exports are a testament to their unwavering dedication to delivering eggs of superior

Demand for beer skyrockets in Kolkata amidst heatwave, leading to supply crisis

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May 29, 2023

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The scorching heatwave in Kolkata has created a significant disparity between the demand for beer and its supply in bars, pubs, and retail outlets, leading to an ongoing mismatch in availability.

As the demand continues to surge, many establishments are finding it challenging to keep up and are running out of stock earlier than usual. On the other hand, some establishments are only able to serve a limited range of beer brands and varieties due to the supply constraints.

The refrigerators, usually stocked with a wide array of beer brands and varieties, have been experiencing an unusual emptiness for the past few days, with over 75% of their space left unoccupied.

“It has been a very long hot spell of weather in Kolkata which has led to shortage of beer everywhere. Almost 90% guests visiting us are opting for beer. We have been trying to replenish the stock as frequently as possible so that nobody is disappointed,” said Pritesh Sakpal of Five Mad Men in Salt Lake’s Sector V.

Recent data from the state’s excise department reveals a significant surge in beer consumption, with figures showing that it has nearly doubled in the past year. The beer industry in the region has reached an impressive milestone, crossing the INR 4,000-crore mark compared to the previous year’s INR 1,700-crore.

Retailers have attributed this notable increase in beer consumption to the hot and tropical weather conditions prevalent in the city. Kolkata has witnessed multiple prolonged heatwaves this year, characterized by limited respite and occasional thunderstorms, contributing to the higher demand for beer.

Bar owners have reported a rapid depletion of stock, with bottles flying off the racks as soon as they are replenished. As a result, some outlets are left with only the strong variety of beer, while others are able to serve only pints (small bottles).

“Last weekend we had to request several guests to opt for brands and varieties they normally don’t prefer because we did not have much stock. We were left with strong beer of a particular brand,” said the manager of a Park Street bar.

Beer lovers can rejoice this weekend as bars and liquor shops have received a fresh supply of stock on Friday.

“We have received beers of almost all brands and varieties which will last for the next few days. Hopefully, people will get their favourite brew over the weekend,” said Sandeep Sehgal of Broadway on Ganesh Chandra Avenue.

Andhra Pradesh’s liquor sales register unprecedented 55% decrease, beer sales down by 17%

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May 29, 2023

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Liquor sales in Andhra Pradesh have undergone an unprecedented decline in the past few months, as indicated by the data available on the chief minister’s core dashboard. According to the dashboard, the sale of liquor has plummeted by a staggering 55 percent in May.

However, the Andhra Pradesh Beverages Corporation Limited (APBCL) has indicated that there might be a minor decline in sales due to a shortage of beer. Nevertheless, the sale of other categories of liquor remains relatively unchanged, similar to the figures recorded in the previous year.

The chief minister’s dashboard is continuously updated in real time. It is designed to reflect the off-take of liquor from any liquor depot as soon as it occurs, ensuring that the dashboard provides an accurate and current overview of liquor sales at all times.

According to the dashboard, there was a 13 percent decrease in sales in January 2023 compared to the same month in 2022. The gap between the current year’s sales and the corresponding period of the previous year continues to widen, with a significant 55 percent decline in sales in May.

Until 2022, liquor sales consistently showed an upward trajectory. However, in 2023, a distinct downward trend has emerged, with sales steadily declining each month. This indicates a significant decrease in consumer demand for liquor.

In May, the sale of Indian Made Liquor (IML), including Indian Made Foreign Liquor (IMFL), has experienced an astonishing decline of 65 percent. Additionally, beer sales have also decreased by 17 percent, which is highly unusual considering that beer sales typically rise during the summer season. This unprecedented decrease in beer sales further adds to the notable impact on the overall liquor market.

According to individuals involved in the liquor retail trade, the decline in beer sales can be attributed to a recent workers’ strike at one of the major breweries, leading to a shortage in supply in the past few days. However, they find the decline of more than half in Indian Made Liquor (IML) sales to be highly unusual and not easily explained.

It is noteworthy that there has been no decrease in sales reported in bars; in fact, a bar owner in Vijayawada has stated that sales have increased by at least 15 percent. D Vasudeva Reddy, the Managing Director (MD) of Andhra Pradesh Beverages Corporation Limited (APBCL), acknowledged a decline in beer sales during May, which he attributed to a brief period of short supply.

In contrast to the sales data displayed on the chief minister’s real-time dashboard, Vasudeva Reddy offered a differing perspective. He stated that there has not been a significant decline in the sale of Indian Made Liquor (IML). According to Reddy, the overall decrease in sales is estimated to be no more than 8 percent, contradicting the figures shown on the dashboard.

QuikShef delights diners with five irresistible new menu additions, enhancing its status as India’s go-to QSR

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May 29, 2023

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QuikShef, a flagship brand of Wardwizard Foods & Beverages Ltd. and one of the leading quick-service chain restaurants in India, has launched five new delectable items to its already impressive menu at all of its outlets. The new menu includes a variety of delicious and mouth-watering dishes that are sure to tantalize the taste buds of foodies across the country. Through this launch, QuikShef aims to solidify its reputation as one of India’s most dynamic and rapidly-evolving food chains.

Wardwizard Foods and Beverages Ltd, headquartered in the scenic village of Por, Vadodara, Gujarat, is a BSE-listed company (BSE Code: 539132). Renowned for its unique approach, Wardwizard seamlessly combines the spirit of entrepreneurship with the rich tapestry of traditional Indian flavors. With an expansive range of offerings, the company delights customers with an array of frozen foods, ready-to-eat meals, beverages, spices, and condiments, capturing the essence of India’s culinary heritage.

The new items that have been launched include a range of burger flavors such as Tex Mex Salsa, Schezwan, Tandoori, Garlic Mayo, and Chipotle. All of these flavors are available at a price of just INR 45, making them an affordable and tasty option for anyone looking for a quick snack or meal.

In addition to the burgers, QuikShef has also introduced a range of other snacks and dishes, including small French fries at just INR 35, Cocktail Samosas at INR 50, Pav Bhaji at INR 80, and Aloo Mutter and Veg Club Sandwiches at INR 75 and INR 85, respectively. For those looking for something a bit more substantial, QuikShef has also introduced a range of delicious sandwich options such as Paneer Tikka Sandwiches at INR 100 and Cheese Corn Sandwiches at INR 110.

Speaking about the launch of QuikShef’s new menu items, Sheetal Bhalerao, Chairperson and Managing Director, Wardwizard Foods and Beverages Ltd. said, “We are pleased to introduce these new items to our menu as we understand that our customers are always looking for new and exciting food options. At QuikShef, we strive to deliver the best possible experience to our customers whenever they visit our outlets. With the introduction of these new items, we aim to cater to the diverse tastes and preferences of our customers. We are confident that our new range of dishes will be a hit, and we look forward to serving our customers in the months and years to come.”

These new offerings are a testament to QuikShef’s commitment to providing its customers with a comprehensive and diverse range of food options that cater to a wide range of tastes and preferences. Whether customers are in the mood for something spicy and flavourful or something more hearty and filling, QuikShef has got them covered with its new menu.

QuikShef has been expanding its reach and currently has 28 outlets in various locations across the country, including Kapadwanj, Padra, Sadhli, Manjusar, Karjan, Anklav, Borsad, Petlad, Changa, Jarodh, Valetva, V V Nagar, Waghodia, Jambusar, Kayavarohan, M.G Road, Dabhoi, Anand, Por, Muwal, Halol, Manjalpur, Bill-Chapad, KJIT-Savli, Sankheda, Umreth, Vaso, and Pansora. The company is constantly on the lookout for new locations to open outlets, making it easier for customers to access its delicious food. These new additions in the portfolio shall be available at all 28 outlets of QuikShef.

With such a diverse and delicious range of dishes to choose from, customers are sure to find something that will satisfy their cravings and leave them wanting more.

Bectors Food shares skyrocket 17% in two days, fueled by record turnover and profit in Q4

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May 29, 2023

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Mrs Bectors Food Specialities (MBFSL) witnessed a significant surge in its share price, reaching an all-time high of INR 772, representing an 8% rally on the BSE during Monday’s intra-day trading. The stock’s impressive performance was supported by substantial trading volumes. Over the past two trading sessions, the packaged foods company’s shares have experienced a remarkable 17% increase. This surge can be attributed to the company’s exceptional financial results for the quarter and fiscal year ending in March 2023, where they achieved record-breaking turnovers and profits.

At 10:35 AM, the stock exhibited a 4% increase and was quoted at INR 745.85, outperforming the 0.73% rise observed in the S&P BSE Sensex. Notably, the average trading volumes at the counter more than doubled on this day. A total of 920,000 equity shares were traded, encompassing both the NSE and BSE exchanges.

MBFSL holds a prominent position as a key player in the premium and mid-premium biscuits segment in North India, operating under the renowned brand ‘Cremica.’ Additionally, it has established itself as a leading player in the premium bakery sector across India, recognized by the brand name ‘English Oven.’

During the year 2023, the stock of MBFSL has witnessed an impressive surge of 84%, surpassing the modest 3% increase in the S&P BSE Sensex. The company entered the stock market on December 24, 2020. Presently, the market price of MBFSL has more than doubled, soaring by 168% compared to its issue price of INR 288 per share.

MBFSL achieved remarkable financial results for the fourth quarter of FY23, with a substantial 171% year-on-year (YoY) increase in profit after tax. The company reported a profit of INR 27.7 crore compared to INR 10.20 crore in the corresponding quarter of the previous year (Q4FY22). Additionally, MBFSL experienced a significant YoY revenue growth of 37.2%, reaching INR 346.1 crore.

In the fourth quarter of FY23, MBFSL’s reported earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by an impressive 89.5%. The EBITDA rose to INR 48.2 crore from INR 25.5 crore in Q4FY22. Furthermore, the EBITDA margin exhibited a significant improvement of 380 basis points (bps) on a year-on-year (YoY) basis, reaching 13.9% compared to the previous year’s 10.1% in Q4FY23.

According to the management, the company’s strong performance was attributed to various factors, including the optimization and premiumization of its product portfolio, the reinforcement of brand equity, the expansion of distribution touchpoints, the improvement of direct reach, and responsible pricing actions. These measures played a crucial role in mitigating the persistent impact of inflation throughout the year.

The future outlook for the packaged foods industry indicates a robust growth trajectory, driven by several factors including a large population base, growing purchasing power, heightened consumer awareness regarding hygiene and cleanliness, and a shift towards branded products. MBFSL is well-positioned to capitalize on this growth, as it operates within the premium biscuits and breads segment, aligning with consumer preferences for high-quality offerings.

Approximately 76% of MBFSL’s biscuit revenue is generated from the North and Northwest regions of India. The company holds a prominent position as one of the top three biscuit manufacturers in several states, including Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Uttar Pradesh, Uttarakhand, and the Delhi National Capital Region. Furthermore, MBFSL has established strong partnerships with major quick-service restaurant (QSR) customers for its institutional bakery products, such as buns and breads.

Barbeque Nation reports INR 11.60 Crore net loss in Q4, records strong revenue growth of 11.6% to INR 280.23 Crore

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May 29, 2023

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Barbeque-Nation Hospitality Ltd, a quick-service restaurant operator, has reported a net loss of INR 11.60 crore for the fourth quarter ending on March 31, 2023. In a regulatory filing, the company stated that during the same January-March period of the previous year, they had posted a net profit of INR 0.48 crore.

In the quarter under review, Barbeque-Nation Hospitality Ltd recorded a revenue from operations of INR 280.23 crore, reflecting a growth of 11.64 percent. This figure surpasses the revenue of INR 251 crore generated during the same period in the previous fiscal year.

In Q4/FY23, the total expenses of the company amounted to INR 240.36 crore, indicating a growth of 16.41 percent.

The company’s total revenue in the March quarter reached INR 282.47 crore.

For the fiscal year ending in March 2023, Barbeque-Nation recorded a net profit of INR 19.14 crore, a significant improvement compared to the net loss of INR 25.19 crore reported in FY22.

Its revenue from operations in FY23 experienced a remarkable surge, skyrocketing by 43.36 percent to reach INR 1,233.75 crore.

“During the year, the Company added 39 new restaurants resulting in total count of 216. Total restaurants included 14 Toscano restaurants, 6 Barbeque Nation international restaurants and balance 196 were Barbeque Nation India network,” said an earning statement from the company.

In addition, the board of Barbeque-Nation approved the acquisition of an additional 4.21 percent of the paid-up share capital of Red Apple Kitchen Consultancy Private Limited, a subsidiary of the company, from its existing shareholders.

Following this transaction, the ownership stake in Red Apple Kitchen, the company behind the Toscano brand, will rise to 82.43%. Red Apple Kitchen currently manages 14 Italian cuisine restaurants.

Burger King India’s parent company, Restaurant Brands Asia, set for potential acquisition by General Atlantic and Advent International

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May 29, 2023

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General Atlantic and Advent International are currently in advanced negotiations to acquire Everstone Capital’s 40.9% stake in Restaurant Brands Asia (RBA), according to informed executives. RBA is the operating entity behind the renowned fast-food chain Burger King in India.

“Everstone, which also operates Subway and Lavazza coffee in India, is looking to cash out from its stake in Burger King, and is now actively engaged in due diligence with private equity firms General Atlantic and Advent,” one of the executives said.

In the quarter ending in March, Restaurant Brands Asia (RBA) recorded a loss of INR 73.3 crore, which marked a widening from the loss of INR 67 crore reported in the same period last year. The company attributed this outcome to the impact of food inflation and the expansion of newer store locations. However, there was positive growth in revenue from operations, with a year-on-year increase of over 28% amounting to INR 514 crore.

As of March, the combined national store count of Burger King and its coffee and beverage sub-brand BK Cafe stood at 391 restaurants.

Efforts to obtain a response from Everstone, Restaurant Brands Asia (RBA), and General Atlantic regarding the queries were unsuccessful, as they did not provide any feedback or comments. Similarly, Advent International declined to comment on the matter when approached.

Advent International and General Atlantic are prominent private equity firms specializing in company acquisitions across Asia, Europe, and North America. Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, holds the stake in Restaurant Brands Asia (RBA). It is worth noting that the Singapore-based private equity group played a crucial role in introducing Burger King to the Indian market back in 2014.

The evaluation process for the stake sale coincides with a period of decelerated growth in the western-style fast-food sector, as consumers increasingly shift towards more affordable brands. Moreover, smaller regional brands have intensified their competition within the industry, adding further dynamics to the market landscape.

“Key risks to RBA are slower-than-expected improvement in customer footfalls, delays in store expansion plans and increased competitive intensity in the north and east markets,” ICICI Securities wrote in a post-earnings note on May 18.

Burger King has revised its store expansion guidance for FY24, reducing it by 4% to 450 stores compared to the previous target of 470 stores. In a similar vein, its competitor Devyani International, responsible for operating KFC and Pizza Hut in India, reported a 21% decline in net profit for the quarter ending in March. The decline can be attributed to margin pressure caused by inflation, a slowdown in demand, and increased competition from smaller brands offering similar products at lower price points.

Despite the prevailing challenges, quick-service chains remain committed to expanding their store networks, particularly capitalizing on opportunities in small towns, along highways, and through emerging channels such as convenience stores situated at petrol stations.

According to a recent report by credit rating agency ICRA, the top five players in the domestic Quick Service Restaurant (QSR) industry are expected to collectively open around 2,300 new stores between FY23 and FY25. The estimated capital expenditure for this expansion is approximately Rs 5,800 crore. The report specifically mentioned Jubilant FoodWorks, the operator of Domino’s Pizza, Devyani International, Sapphire Foods India, Restaurant Brands Asia, and Westlife Foodworld, which manages McDonald’s outlets in the western and southern regions of India. Sapphire Foods India serves as a franchisee partner for KFC and Pizza Hut within the country.

“The capex spree in the QSR industry is likely to be driven by favourable demographics, steady urbanisation, growing per-capita GDP and significant headroom available in terms of penetration, compared to a developed economy like the US,” Suprio Banerjee, Vice President and Sector Head, corporate ratings, ICRA, wrote in the report. The report said most of the capex will be funded through internal accruals and cash on the books.

Swiggy braces for another top-level departure as SVP Anuj Rathi likely to leave

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May 29, 2023

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In a recent development, it has been revealed that Anuj Rathi, the Senior Vice President of revenue and growth at Swiggy, the renowned food and grocery delivery platform, is slated to step down from his position. Insider sources have confirmed this upcoming departure, signaling a potential shift in the company’s leadership.

According to the sources, Anuj Rathi, who directly reports to Swiggy Founder and CEO Sriharsha Majety, is currently in discussions with the management to finalize the specifics of his departure. Rathi’s exit will add his name to the growing list of high-ranking executives who have recently left Swiggy. This includes Karthik Gurumurthy, the former Head of Instamart, Dale Vaz, the Chief Technology Officer, Ashish Lingamneni, the Vice President of marketing, and Nishad Kenkre, the Vice President and Head of revenue and growth at Swiggy’s quick commerce unit Instamart.

Anuj Rathi, an alumnus of IIT-Kanpur, joined Swiggy in 2016 and made significant contributions across various areas during his tenure. He led initiatives in growth marketing, customer management, Swiggy One, food marketplace, merchandising, social media, design solutions, financial services, partnerships, Swiggy Labs, as well as spearheaded the expansion of meat and alcohol delivery categories. Prior to joining Swiggy, Rathi held notable positions in product management, omnichannel commerce revenue, and growth at prominent companies such as Flipkart, Snapdeal, and Walmart.

Anuj Rathi’s decision to step down as the head of growth and revenue at Swiggy comes at a time when the company is strategically working towards profitability amidst a slowdown in its core food delivery business. In a recent announcement, Swiggy’s Founder and CEO, Sriharsha Majety, shared that the company’s food delivery operations had achieved profitability in March, factoring in all corporate costs except for employee stock option expenses. Majety highlighted this achievement as a significant milestone in the global food delivery landscape.

In a series of challenging developments, Swiggy has undergone a significant downsizing, with 380 employees being laid off this year. The company has also made the decision to shut down certain business verticals, including its meat and gourmet grocery delivery service, Handpicked. Furthermore, Swiggy’s valuation, which was previously in the range of a billion dollars (making it a decacorn), has faced a decline as asset management companies that had invested in the company have exerted pressure on its financial standing.

Most recently, there has been a further reduction in Swiggy’s valuation by Baron Capital Group. As of March 31, 2023, the US-based asset management firm marked down Swiggy’s valuation by another 10%, bringing it down to $6.38 billion. This comes after Baron Capital Group had previously reduced Swiggy’s valuation by 34% to $7.1 billion as of December 2022.

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