With this, Rebel Foods will retain its position as world's largest internet restaurant firm and will become the only cloud kitchen player in India to scale a large global QSR brand
Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic
With vaccinations well under way, the management believes that the worst is behind them and is confident of delivering strong, sustained growth in the periods ahead
Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves