Sapphire to Westlife FoodWorld: QSR stocks hover at 52-week lows as LPG supply crunch weighs

Shares of quick-service restaurants (QSRs) are currently hovering around their 52-week lows on Friday, March 13 primarily due to a significant shortage of commercial LPG resulting from supply chain issues in the Strait of Hormuz. Key players such as Sapphire Foods, Jubilant Foodworks, Devyani International (KFC, Pizza Hut), and Westlife Foodworld (McDonald’s) are encountering operational…

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Cooking gas shortage: Center says 20% of average monthly commercial LPG to be allocated from today by OMCs

Amid reports of shortage of cooking gas supply across India, the central government on Thursday announced that 20% of the average monthly commercial LPG requirement will be allocated from today, March 12, by the oil marketing companies (OMCs) in coordination with the state governments so that there is no hoarding or black marketing. The announcement…

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