Lot of hard work !!. But IMHO equity investment idea which require you to work out projections 12 year far is not the way to go.
This space was good maybe a decade earlier when there were few brands (dominos, Mc D and Pizza Hut mainly) and eating out culture was springing up.
But now the increase in eating outside food (sum of additional purchasing power, change in habit and increasing population) is surpassed by increasing number of options available to consumers… .resulting in mediocre growth.
As the total pie increases, more number of brands will spring and make it difficult to earn alpha returns in this space.
Disc. Invested in RBA and Devyani. Both on sell list.
| Subscribe To Our Free Newsletter |
