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Earnings cuts in QSRs seen in the last six months likely to continue: Kunal Vora
Kunal Vora from BNP Paribas discusses market fragmentation due to the rapid growth of food aggregators, affecting QSR companies' performance. Expectations remain high with 15-20% revenue growth and margin expansion, but recent trends show slower growth and intense competition. Earnings cuts are anticipated as the sector continues to face challenges.