This could put thousands jobs at risks, prompt unviable restaurants to shutter down and even impact suppliers and vendors that work with eateries as restaurants look at reducing their fixed costs, said Crisil India’s lengthy lockdown will hurt the country’s organized dine-in restaurants business that could witness a 40-50% dip in revenue in the current financial year, Crisil Research said in a research note on Thursday.
Moreover, once the lockdown is further eased, Crisil expects recovery to be “gradual" as consumers shy away from crowded places.
This, Crisil said, could put thousands jobs at risks, prompt unviable restaurants to shutter down and even impact suppliers and vendors that work with eateries as restaurants look at reducing