Same-store sales growth in restaurants hit hard as downturn affects discretionary spending
Top restaurants chains are seeing a dip in the sales growth from their existing operations as they are unable to attract enough new customers or get existing patrons to visit more frequently, courtesy the present macroeconomic environment which is affecting disposable income and discretionary spending.
While the firms are partly making up for the same by opening more outlets, analysts see it as a relatively costly way to add revenues which affects profit margins given the expenses to set up a new unit.
Keshav Mishra, partner at Baring Private Equity Partners India, which has recently started investing in...
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