The Hindu Business Line : Lite Bite Foods to open 162 outlets

Lite Bite Foods Pvt Ltd, promoted by Mr Amit Burman, Vice-Chairman of FMCG major Dabur India Ltd, will be investing Rs 160 crore in next three years to establish a pan-India network of 162 restaurants.

The Delhi-based company, which runs brands such as Food Union, Fresco, Baker Street and Pino’s Pasta Pizza, will be rolling out 20 food and beverage outlets next year in the northern part of the country.

Currently, the company has 38 outlets. “Our capex for the coming fiscal is Rs 25 crore and we’ll be funding this through internal accrual,” said Mr Burman on the sidelines of Food Forum 2009.

He said they plan to take their F&B brands overseas over the course of time, but there are no active considerations.

“We will be opening a Fresco and Baker Street at the Delhi domestic airport,” he said.

Corporate catering

Lite Bite does not have much presence in the South, but engages in corporate catering with clients such as Infosys and Microsoft in Bangalore.

“Corporate catering is an emerging business opportunity. A vibrant and ever-growing business of the corporate catering industry today tends to be around Rs 250 crore and is growing at a healthy pace of 20 per cent.”

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