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Lite Bite Foods to invest Rs 100 crore in 3 years

sreedhar's picture
Submitted by sreedhar on October 14, 2009 - 01:20

Lite Bite Foods, a quick service food chain, said on Tuesday it is planning to invest Rs 100 crore to open around 45 stores in the next three years across the country. Promoted by Dabur Vice-Chairman Mr Amit Burman, Lite Bite Foods currently h as 40 stores and plans to add 10 outlets by the end of this fiscal.

“We have invested about Rs 40 crore and we will be investing around Rs 100 crore in the next 3 years,” Lite Bite Foods Chairman Mr Amit Burman said. Mr Burman said the company has doubled the number of outlets in 2008, while its sales have increased thre e-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,” Mr Burman said.

Lite Bite Foods is the franchisee of fast food chain Subway. The company also runs brands like Food Union, Fresco, Baker Street and Pinos Pasta Pizza. - PTI

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