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

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Restaurant sector to turn around after tough Q1: Speciality Restaurants CMD - Business Standard

Quick Summary:

The restaurant industry is expected to turn around on the back of India's overall strong fundamentals after facing temporary headwinds such as high food inflation and people dining out less that hurt the sector in the first quarter, according to Speciality Restaurants Ltd CMD Anjanmoy Chatterjee.

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 focussing on profitable growth 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.