India's Restaurant Recovery May Be Happening in the Seats, Not the Stores

$UFBL just delivered an interesting Q1 signal: dine-in volumes jumped 63.5% YoY, while the company reported annualised revenue of about ₹1,704 crore. That's worth watching because it points to a broader shift in consumer behaviour. Indians may be spending more on experiences outside the home, even as the broader consumption narrative remains focused on FMCG and quick commerce. For investors, United Foodbrands, Westlife Foodworld, Sapphire Foods and Jubilant FoodWorks offer different ways to track this shift from product consumption to experience-led spending.