Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The restaurant industry is expected to <keyword id="22996156" type="General" weightage="20" keywordseo="turn-around" source="keywords">turn around</keyword> on the back of India's overall strong fundamentals after facing temporary headwinds such as high <keyword id="19999654" type="General" weightage="20" keywordseo="food-inflation" source="keywords">food inflation</keyword> and people <keyword id="19995898" type="General" weightage="20" keywordseo="dining-out" source="keywords">dining out</keyword> less that hurt the sector in the first quarter, according to <keyword id="22996436" type="General" weightage="20" keywordseo="Speciality-Restaurants-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Speciality Restaurants Ltd" meta.hostid="153" meta.entityid="Speciality Restaurants Ltd">Speciality Restaurants Ltd</keyword> <keyword id="22996437" type="General" weightage="20" keywordseo="CMD-Anjanmoy-Chatterjee" source="Orion">CMD Anjanmoy Chatterjee</keyword>. The company, which has a slew of brands such as Mainland China, Asia Kitchen by Mainland China, Episode One, Haka, and Sweet Bengal, among others and shut 29 outlets during the pandemic, is now focusing on <keyword id="20596119" type="General" weightage="20" keywordseo="profitable-growth" source="keywords">profitable growth</keyword> while expanding its footprint. "It should be clear that India not eating out or inflation not settling down is something which I don't believe in. India is better than many more countries...," Chatterjee told PTI. He was responding to a query on how long factors such as high food inflation and people dining out less after the diminishing of '<keyword id="22996157" type="General" weightage="20" keywordseo="revenge-eating" source="keywords">revenge eating</keyword>' post pandemic that affected the restaurant industry, will continue to impact the sector. "It is a short-term phenomenon. It will settle down once the food inflation comes down," he said, however, adding it would also depend on employment generation and the rise of <keyword id="22996435" type="General" weightage="20" keywordseo="disposable-incomes" source="keywords">disposable incomes</keyword>. "I'm very sure this will turn around," he asserted. As per government data, food inflation in July was 3.45 per cent, down from 10.87 per cent in June, mainly due to month-on-month decline in prices of vegetables, cereals, pulses and onion. Chatterjee, however, said in the first quarter of this fiscal for players in the sector from QSR and fine dining to casual dining, things have not been very good as 'revenge eating' had diminished, while food inflation coupled with competition from cheaper unorganised players also played a part. Asked about the company's expansion plans, he said,"We are looking at controlled, profitable growth, intentionally done with a geographical expansion of not cannibalising the existing stores." Flagship brand Mainland China, its variant Asia Kitchen by Mainland China will be the main growth drivers along with the new one, Episode One, he added. Last fiscal, he said the company opened four restaurants and similarly another three to four are expected subject to availability of space in time. In the first quarter ended June 30, <keyword id="19980909" type="General" weightage="20" keywordseo="speciality-restaurants" source="keywords">Speciality Restaurants</keyword> had reported total income of Rs 111.52 crore and PAT of Rs 7.64 crore.

Restaurant sector expected to turn around after tough Q1: Speciality Restaurants CMD

You Searched For "CMD Anjanmoy Chatterjee" and got 1 results

Restaurant sector expected to turn around after tough Q1: Speciality Restaurants CMD

PTI

Popular Keywords

Buying Guides