Hardcastle Restaurants, the master franchisee of McDonald's in west and south India, today launched 'rice' as one of its key categories and is looking to garner 5-8 per cent of its revenues from this over the next three to four years, a senior executive said.
"Our consumer research has shown that consumers want more options during lunch and dinner and there could be no better option than offering them rice meals. We expect that over the next 3 to 4 years, this will contribute to 5-8 per cent of the revenues," said Smita Jatia, managing director, Hardcastle Restaurants.
The quick service restaurant has launched two variants as of now, and will continue to build the platform with innovative offerings, she added. The rice meal starts at a price of Rs 129.
******************** MEP Infra Q1 net doubles to Rs 26 crore *
MEP Infrastructure Developers' net profit doubled to Rs 26 crore in June quarter this year, compared with Rs 13 crore in the year-ago period.
The company's revenues also rose more than two-fold to Rs 825 crore in the reporting quarter, from Rs 380 crore in the same period last year, mainly due to increase in construction revenues and commencement of the Delhi Entry Point project, a release said today.
******************** Galaxy Surfactants Q1 net up 27.5% at Rs 45.7 cr *
Galaxy Surfactants today posted 27.5 per cent growth in profit after tax (PAT) at Rs 45.7 crore in June quarter.
Its PAT stood at Rs 35.8 crore in the corresponding quarter of FY18, a release said.
Total revenue, including other income, went up by 22 per cent to Rs 714.5 crore, compared with Rs 585.4 crore in the same period last year.
******************** Greaves Cotton Q1 net at Rs 40 cr *
Engines and generator set maker Greaves Cotton today posted a marginal dip in net profit at Rs 40 crore in June quarter.
The company had posted a profit of Rs 41 crore in the year-ago period, a release said.
Net sales grew 13 per cent to Rs 458 crore, compared with Rs 406 crore (GST comparable numbers) in the same quarter last year.
Disclaimer: No Business Standard Journalist was involved in creation of this content
