As cricket fever grips the nation, the demand for quick and convenient food options is expected to rise.

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In an interview, Abneesh Roy, Executive Director of Nuvama Institutional Equities told CNBC-TV18 his preferred picks in the fast food space.

He said, “Cricket and pizza have much higher relation to each other versus at pizza versus a burger. Pizza travels much more in terms of delivery format. So, yes, Domino's should benefit more and that is why Domino's has been a bit more proactive in terms of the promotions; we have seen the news flow, it is not a price cut throughout.”

Earlier this week, Domino’s slashed the prices of its large pizzas by up to 50% in preparation for bulk orders for the cricket World Cup.

Jubilant Foodworks, headquartered in Noida, Uttar Pradesh, is an Indian food service company that possesses the exclusive franchise rights for Domino's Pizza in India.

Roy also expressed his preference for Sapphire Foods India over Jubilant Foodworks. While both companies operate in the fast-food industry, Roy's choice reflects his assessment of Sapphire Foods as a more attractive investment option within this space.

“However, when I combine the valuation and expansion, Sapphire Foods stands out from a one-year perspective, but from cricket, Jubilant Foodworks should benefit,” he added.

Sapphire Foods is a prominent franchise operator for Yum! Brands Inc. in the subcontinent, boasts a proven history of effectively managing over 700 KFC, Pizza Hut, and Taco Bell establishments spread across India, Sri Lanka, and the Maldives.

Talking about the FMCG space, Roy revealed that Nuvama is overweight on Nestle, Tata Consumer, and Colgate. However, it's not all positive news, as he also cautioned about weak performance expectations for Britannia, Bajaj Consumer, and Emami in the second quarter.

Also, addressing the stock performance of Nykaa, Roy conveyed optimism by stating, "The worst is behind for Nykaa stock performance." He further stated that he expects Nykaa to experience a re-rating from a near to medium-term perspective.

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(Edited by : Shweta Mungre)