The company witnessed an increase in its order volumes, an important metric for companies in this space, but its average order values have dropped as it goes head-to-head against competitor Swiggy.
The deal will add to the company’s snacking portfolio and further deliver on its ‘Performance with Purpose’ vision to offer consumers more positive nutrition options.
The Indian unit accounts for nearly 10% of its sales and 8% of EBIT. The company, over the past few years, had been growing sales consistently by over 15% on the back of premium brands but saw growth slowing in the last two fiscals.
Committed to serving some of the best European, Asian and Oriental cuisines, Dramz is a unique place that has four different outlets each with a one-of-a-kind menu with a different ambience and mood.