Godrej Industries to up Nature's Basket outlets to 40 in 3 yrs

On whether the chain has started making operating profit, he said: "No, I think it will be at least 2¿3 years more before we are EBITDA (earnings before interest, taxes, depreciation and amortisation) positive, though we are EBITDA positive on stores that have been operational for at least three years." The company is confident that with the business model gradually evolving, more stores will become EBITDA positive in the next 1824 months, he added.