Lite Bite Foods eyes 200 outlets by fiscal-end

Lite Bite Foods, which currently runs 145 outlets of brands such as Punjab Grill, Asia 7, Zambar and Fres Co, predicts a 60% jump in topline this financial year, buoyed by concession rights for Food and Beverage space for Tier II cities’ airports at Indore, Bhubaneswar, Pune, Calicut, Kannur and Ahmedabad.

The company promoted by Dabur’s vice chairman Amit Burman has a portfolio of 12 owned brands and 7 managed brands such as KFC, Burger Kings, Subway and Pizza Hut at airports. It already has a master concession right of running F&B outlets at Delhi, Mumbai and Jammu airports.

Rohit Aggarwal, director of Lite Bite Foods, says the F&B conglomerate hopes to touch 200 outlets by the end of this financial year and cross Rs 500 crore in revenue. Aggarwal says the concession rights at airports have helped them add almost 80 new outlets last year and they expect to add similar number by next year.

“Airport F&B space has also paved the way for our expansion in the retail space of new cities. Our dine-in brand Punjab Grill, QSR brands Street Foods by Punjab Grill, Asia 7 Express, institutional and corporate catering and airport F&B concessionaires are the verticals registering robust growth this year,” he said, adding that company’s focus will be on bagging more rights for airport concessions both in India and abroad.

Source:-https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/lite-bite-foods-eyes-200-outlets-by-fiscal-end/65361832

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