Growth

On an average, food courts contribute almost 8-10 percent of the total mall revenue and in the case of malls with great offerings in their food courts, this number can even go as high as 15 percent.

The Indian restaurant industry 2.0 is more diverse, full of risk-takers and more creative than ever. For many, it is just the right time to enter the market.

And, at a time when F&B brands are planning to build their own in-house delivery capabilities and use various tools to develop own ordering channels, as a prolonged wave of covid casts uncertainty business for the food services industry, many are in fact relying on these aggregator platforms to better target the right customers.

Many a times, it happens that customer is ordering a smaller amount of food or supplies, in that case always look for two things; which menu items you can temporarily eliminate (those ordered less frequently) and which meals your most loyal guests tend to prefer. This will help you in saving an unwanted cost.

If we look at numbers, Inorbit Malls in Malad operate close to 35 restaurants whereas, Infiniti Mall in Malad is home to more than 40 plus restaurants, cafes and bars.

Restaurant businesses are cash-generating business and add immense value to a value PE/VC investors portfolio & balance sheet, however, post-pandemic it will have no choice but to adapt to newer and scalable business models.

With no physical presence, less commercial involvement and working as an internet restaurant wherein you can get the food delivered at the comfort of your home, cloud-kitchen segment is projected to become a $2 billion industry in India by 2024.

"The QSR channel is continuously growing in India with rise in literacy, disposable income, global exposure, easy availability of things and proliferation of internet," said Jaipuria during a press conference.

"Our main business is in the evening. Dining hours in the restaurants should be extended in the evening," added Shetty by pointing that the sector has already seen too any closures.

According to the industry experts, restaurant and bar workers have lost an estimated 2.3 million jobs, and, looking at the most recent projections, around one lakh eating establishments have closed permanently.