Food Services Industry Update - Long-Term Outlook Remains Positive: CARE Ratings
Dosas being prepared at a roadside eatery in Parel, Mumbai. (Source: BloombergQuint)

Food Services Industry Update - Long-Term Outlook Remains Positive: CARE Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The food services industry that comprises of roadside eateries, dhabas, cafes, restaurants in hotels, independent as well as chain of fine dining and casual dining restaurants, quick service restaurants, pubs, bars and lounges registered a compound annual growth rate of 7% and grew from Rs 3 lakh crore in FY15 to Rs 4.2 lakh crore in FY20 as per market sources backed by the growing presence of domestic and international brands, rise in disposable incomes, increase in urbanisation, change in family structures, favourable demographics amongst many other factors.

However, in FY21, the overall market size is expected to have declined by 40-50% due to the global outbreak of Covid-19 and subsequent imposition of restrictions in the country.

Click on the attachment to read the full report:

CARE Ratings Update on Food Services Industry June_2021.pdf

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