Image Source: Food Service India
Aug 13, 2018
Lite Bite Foods, at present runs 145 outlets of brands such as Asia 7, Fres Co., Punjab Grill, Zambar forecasts 60% jump this financial year, with concession rights for Food and Beverage space for tier-II cities’ airports at Ahmedabad, Bhubaneshwar, Calicut, Indore, Kunnur and Pune.
The company sponsor by Dabur’s vice chairman Amit Burman has a range of 12 owned brands and 7 managed brands like Burger Kings,KFC, Subway and Pizza Hut at airports. It already has a master special consideration right of running F&B outlets at Delhi, Mumbai and Jammu airports.
Director of Lite Bite Foods, Rohit Aggarwal, 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 adds, “The concession rights at airports have helped us add almost 80 new outlets last year and we expect to add similar numbers of outlets 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”. The company’s focus is now on winning more rights for airport concessions both in India and abroad.