Metro Cash & Carry expects faster growth

Metro Cash & Carry is expecting its hotels, restaurants and caterers (HoReCa) segment to have a faster growth post goods and services tax (GST) implementation, said a top official.

Besides, Metro is also helping its customers in Kirana and traders segment to digitise their business.

“Post GST, HoReCa segment has started growing much faster and on the basis of that we are going on HoReCa in a big way,” Metro Cash & Carry India Chief Executive Officer and Managing Director Arvind Mediratta told PTI.

It is presently 15 to 16 per cent of our total sales and we believe that this is a segment in the years ahead, he said further. People are now preferring more to dine outside as disposable income is on rise here, he added.

“Our estimate is that there are around 130 million HoReCa businesses in the country, which is more than the number of kirana shops in the country, which is around ~120 million,” said Mediratta.

Metro plans to help its B2B customers with HoReCa digital under, which it set up websites for small restaurants and also help in developing their menu and improving their quality free of cost. “We can help them with their food cost by modernising their supply chain. Right now they follow basic practices,” he said, adding that it would also share the practices followed by big global firms in supply chain.