QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impact

May 26, 2026

Rising fuel and LPG prices are impacting India’s consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others like alco-bev and retail show divergence based on cost structures and input reliance. Platform businesses are relatively insulated but face risks from restaurant partner struggles and ad revenue.

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