Daryaganj Restaurants aims to achieve ₹100 crore in revenue this fiscal year while expanding into international markets.
Daryaganj Restaurants is set to close this fiscal year with an ambitious revenue target of ₹100 crore. As part of its growth strategy, the brand plans to make its mark in the international market by opening its first outlet in Bangkok in January 2025, with future expansions in the UAE, UK, and Australia. Co-founder and […]
Restaurants face a host of challenges this festive season
This festive season, Indian dining-out chains are encountering significant profitability challenges due to the sharp rise in food costs, particularly for essential items like edible oils, vegetables, and wheat. Despite the expected surge in demand during the October-December quarter, restaurants are reluctant to raise menu prices. Executives from major chains, such as Mainland China and […]
Bikaji Foods acquires a 53% stake in Hazelnut Factory for Rs 131 crore, entering the Quick Service Restaurant (QSR) market to enhance competition.
Bikaji Foods International Ltd, a leader in the ethnic snacks segment, has made a significant move by acquiring a 53.02% stake in Hazelnut Factory Food Products Private Ltd for Rs 131 crore. This acquisition marks Bikaji’s entry into the Quick Service Restaurant (QSR) space, further diversifying its product offerings beyond traditional snacks. The deal, carried […]
The Rise of Corporate Giants in India’s Restaurant Industry
India’s restaurant industry is undergoing a significant transformation as corporate giants like the Tatas, Ambanis, and Birlas make their mark. Once dominated by family-owned businesses, this sector is now experiencing a notable shift, with large corporations eager to capitalize on the growing demand for organized dining experiences. The change has been driven, in part, by […]
Bikano invests Rs 300 crore in a manufacturing plant in Greater Noida.
Bikano, a leading brand in the snacks and packaged food industry, has made a significant investment of over Rs 300 crore in a new manufacturing plant located in Jewar, Greater Noida. This state-of-the-art facility, which was virtually inaugurated by Prime Minister Narendra Modi during the World Food India 2024 event at Pragati Maidan, New Delhi, […]