Neutral Barbeque Nation Hospitality; target of Rs 700: Motilal Oswal
Motilal Oswal recommended Neutral rating on Barbeque Nation Hospitality with a target price of Rs 700 in its research report dated May 29, 2023.31-05-2023
31-05-2023
Barbeque-Nation Hospitality Ltd - 543283 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report for the Financial Year ended March 31, 202329-05-2023
Barbeque-Nation Hospitality Ltd - 543283 - Audio Recording Of Earning Call For The Quarter And Financial Year Ended March 31, 2023
Audio Recording of Earning Call for the Quarter and financial year ended March 31, 202329-05-2023
Barbeque-Nation Hospitality Ltd - 543283 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication of Financial Results for the quarter and year ended March 31, 202329-05-2023
FY23 Annual Result announced for Barbeque-Nation Hospitality Ltd.
Restaurant company Barbeque-Nation Hospitality announced FY23 results: Revenue from operations of Rs 1,233.8 crores, YoY growth of 43.4% Reported EBITDA stands at Rs 238.6 crore; EBITDA margin of 19.3% Reported Profit Before Tax (PBT) of Rs 25.7 crore Reported Profit After Tax (PAT) stood at Rs 19.1 crore Dine-in to delivery revenue mix of 86.4% and 13.4% respectively Opened 39 new restaurants in FY23 taking the overall network to 216 restaurants Cumulative Barbeque Nation App downloads of 5.7 million, a 34% increase over March 2022 Commenting on the business, Kayum Dhanani, Managing Director, said: “Our performance for the year was encouraging despite the prevailing demand softness across the industry. During the year, Barbeque Nation brand achieved the milestone of becoming the 1st Indian full-service CDR brand to reach Rs1,000+ crore revenues in a year. This achievement is a testament to the brand’s growth potential and we will strive to achieve many more such milestones in the future. Our relentless focus over the past years has resulted in creating multiple growth levers for the Company such as Toscano, international business, and delivery vertical. We believe the share of contribution for these businesses will further increase the overall revenue and profitability mix, which will further strengthen our position as a diversified food services company.” Commenting on the performance, Rahul Agrawal, CEO, and Whole Time Director, said: “As a market leader in the Indian Casual Dining Restaurant, we are proud to report that Barbeque Nation brand has crossed annual revenue of Rs1,000+ crores in FY23. We had an overall encouraging performance in FY23 with revenue growth of 43%, EBITDA growth of 49% and reported EBITDA margins of 19.3%. We continue to remain focused on enhancing guest experience through upgraded store designs, elevating culinary experience and service culture, thereby becoming the preferred destination for celebration. As a diversified Indian food services company, we will continue to invest in Barbeque Nation along with our other brands namely Toscano, UBQ and Dum Safar.” Result PDF29-05-2023
Barbeque-Nation Hospitality Results Earnings Call for Q4FY23
Conference Call with Barbeque-Nation Hospitality Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.29-05-2023
Barbeque Nation posts Q4 loss of Rs 11.60 cr, revenue up 11.6% to Rs 280 cr
Quick service restaurant operator Barbeque-Nation Hospitality Ltd has reported a net loss of Rs 11.60 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 0.48 crore during the January-March period a year ago, Barbeque-Nation Hospitality said in a regulatory filing. Its revenue from operations was up 11.64 per cent to Rs 280.23 crore during the quarter under review as against Rs 251 crore in the corresponding period of the previous fiscal. Total expenses of the company were at Rs 240.36 crore, up 16.41 per cent in Q4/FY23. Its total revenue in the March quarter was Rs 282.47 crore. However, for the fiscal ended March 2023, Barbeque-Nation posted a net profit of Rs 19.14 crore. It reported a net loss of Rs 25.19 crore in FY22. Its revenue from operations was up 43.36 per cent to Rs 1,233.75 crore in FY23. "During the year, the Company added 39 new restaurants resulting in total count of 216. Total restaurants included 14 Toscano restaurants27-05-2023
Barbeque-Nation Hospitality Ltd - 543283 - Disclosure Of Related Party Transactions For The Half-Year Ended March 31, 2023
We, Barbeque-Nation Hospitality Limited, hereby enclose the Disclosure of Related Party Transactions for the half-year ended March 31, 2023.27-05-2023
Barbeque-Nation Hospitality Ltd - 543283 - Announcement under Regulation 30 (LODR)-Acquisition
We hereby inform you that the Board of Directors of the Company at its Meeting held earlier in the day has approved further acquisition of 275 Equity Shares constituting 4.21% Paid-up Share Capital, having face value of Rs.100/- each, of Red Apple Kitchen Consultancy Private Limited ('Red Apple'), Subsidiary of the Company, through secondary acquisition i.e., from the existing Shareholders of Red Apple for a total consideration of Rs.10,06,16,175/-.27-05-2023
Barbeque-Nation Hospitality Ltd - 543283 - Intimation Of Removal (Strike-Off) Of Subsidiary Of Barbeque-Nation Hospitality Limited (The 'Company')
We hereby inform you that the Board of Directors of the Company at its Meeting held earlier in the day has approved the removal (strike-off) of Barbeque Nation Holdings Pvt. Ltd. (Barbeque-Mauritius), a Wholly Owned Subsidiary of the Company, incorporated in Mauritius, from the Register of Companies, Mauritius, subject to approval of Regulatory Authorities in Mauritius.27-05-2023