Vikrant Batra, co-founder said that they will set up smaller formats of its flagship brand as part of its expansion blueprint, where “Lower rentals, quicker break-even and servicing from centralized kitchens will give us more efficiencies on top line and profitability” We intend to go to markets where capex is low.

The expansion will involve a mix of large and smaller format outlets, gradually to tap captive markets with relatively lower spending such as universities. Railway stations and airports are the other potential channels

We have to raise funds internally and have to maintain the cross sale of Rs 100 crore in 2019-20.

A food service report by National Restaurants Association of India (NRAI) estimates the industry at over Rs 4 lakh crore in FY19, forecasted to grow to Rs 5.5 lakh crore by 2021

The government slashed GST rates on restaurants to 5% from 18% in November 2017

The withdrawal of the input tax credit has been a big setback on profitability and margins