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Jan, 15 2015

Lite Bite Foods looks at aggressive expansion

The company is expecting to close the current financial year with a turnover of Rs160 crore, with over 92 outlets running by March 2015.

Lite Bite Foods, promoted by Rohit Aggarwal and Dabur Scion, Amit Burman is looking at aggressively expanding in India and abroad.

The group which recently announced opening of a premium dining brand American Tandoor in US, is planning to add more Punjab Grill, Baker Street and Street Food outlets in India and abroad.

The group is also planning to launch a Gastropub called ‘The Local’ in west Delhi by 22nd January 2015.

“We plan to add a couple of more Punjab Grill, Street Foods by Punjab Grill and Baker Street outlets in India and abroad. We are also launching a Gastropub called ‘The Local’ in the West part of Delhi on the 22nd of January, 2015,” said Rohit Aggarwal, Director, LBF.

LBf is also looking for huge investment plan considering the expansion that the group is aiming at.

“The group will invest over Rs 100 crore in the next two-three years through internal accruals to grow its existing portfolio of brands in India and overseas,” added Aggarwal.

The company is expecting to close the current financial year with a turnover of Rs160 crore, with over 92 outlets running by March 2015.

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