Losing appetite: Top restaurants, cafes in a pickle in FY18

More than two-thirds of India’s top  restaurants  and cafe chains either saw losses widening or posted lower profit during FY18 due to the rollback of  input tax credit  (ITC), inflationary pressures, hyperlocal delivery services and overheads such as steep rentals.  While 16 restaurant businesses that filed annual financial numbers with the  Registrar of Companies &n…