** Macquarie cuts PTs on Indian fast food operators after weak Q1; says demand recovery only during Oct festive season
** Cuts PTs on Domino's franchisee Jubilant Foodworks JUBI.NS, McDonald's operator Westlife Foodworld WEST.NS, KFC franchisee Devyani International DEVY.NS and Pizza Hut operator Sapphire SAPI.NS
** Brokerage also lowers EPS estimates for all four with cautious near-term outlook
** Government's GST cut plans "enhances comfort" on demand recovery panning out in H2 FY26 - Macquarie
** Brokerage prefers DEVY followed by WEST; more confident on demand recovery for KFC and McDonald's operators
** On average, DEVY rated "buy", rest rated "hold", by analysts - data compiled by LSEG
** YTD, JUBI down 13%, DEVY falls 6%, WEST drops 11.3%, SAPI 1% down
Near-term caution drives cuts https://reut.rs/41idxbO
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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