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McDonald’s and KFC investors sour as Zomato reshapes India’s QSR market
Economy
Published on 24 April 2026
Food apps now decide margins and growth speed
India’s big QSR players are facing a sharp shift as food delivery platforms like Zomato change customer control. Despite still-rich valuations, stocks tied to brands such as Westlife and Jubilant have stumbled. Margin pressure, slower growth hovering in single digits, and empowered local competition are eroding the old advantage of scale—raising a new question: who owns the customer now?
- Zomato and delivery apps are changing who controls customer demand
- QSR brand stocks fell even as valuations remain elevated
- Margins are getting squeezed and growth is slowing to single digits
- Local competition is limiting the power of sheer scale
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times