The overall market size of the food services industry is expected to have declined by 40-50 percent in FY21 due to the global outbreak of COVID-19 and subsequent imposition of restrictions in the country.
In Q2FY14, we have added two new restaurants, and will open more till the end of this financial year, says Rajesh Kumar Mohta, CFO, Specialty Restaurants.
IIM Lucknow institute has become famous or infamous for having one of the most back breaking and rigorous MBA programmes in the country but it is also a favoured destination for students and recruiters and has carved a niche for itself in the areas of marketing, consulting and finance.
The managing director of Specialty Restaurants Anjan Chatterjee tells CNBC-TV18 that they expect their IPO to suceed despite the poor market conditions.
In an interview with CNBC-TV18, Keshav Baljee, president of Royal Orchids said, "We expect the hotel to generate healthy revenues. But, in terms of this quarter or next, we don’t expect it to add significantly to the topline."