Lite Bite Foods eyes 45 stores in three years
Lite Bite Foods, a quick service food chain, has earmarked Rs 100 crore to open around 45 stores in the next three years across the country. Promoted by Dabur vice-chairman Amit Burman, Lite Bite Foods currently has 40 stores and plans to add 10 outlets by this fiscal-end. “We have invested about Rs 40 crore and we will be investing around Rs 100 crore in the next 3 years,” said Amit Burman, chairman, Lite Bite Foods.
Burman said the company has doubled the number of outlets in 2008, while its sales have increased three-fold last year. “Growth has been tremendous as we have doubled the amount of outlets and our sales turnover has grown by 3 times in the last year. The growth in the industry is around 25 per cent,” said Burman.
