Conference Call with Barbeque-Nation Hospitality Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Restaurant firm Barbeque-Nation Hospitality announced Q3FY23 results: Q3FY23: Revenue from operations of Rs 328.2 crore, YoY growth of 14.5% Reported EBITDA stands at Rs 63.1 crore; margin of 19.2% Reported profit before tax (PBT) of Rs 8.9 crore; adjusted PBT of Rs 13.3 crore Reported profit after tax (PAT) stood at Rs 7.2 crore Dine-in to delivery revenue mix of 86.1% and 13.7% respectively Opened 10 new restaurants and closed 3 restaurants, taking overall network to 212 restaurants Cumulative Barbeque Nation App downloads of 5.4 million, 50% increase over December 2022 Commenting on the business, Kayum Dhanani, Managing Director, said: “Our performance during the quarter was modest despite prevailing subdued demand scenario. We recorded a topline growth of around 15%, primarily driven by growth in the dine-in segment. During the first nine months, we have added 31 new restaurants. Currently, we have around 14 restaurants under fit-out, which gives us the confidence of achieving our guidance of adding 40 new restaurants in FY23. We remain focussed on growing each of our 4 business verticals to build one of India’s largest food services companies owning its restaurant brands.” Commenting on the performance, Rahul Agrawal, CEO and Whole Time Director, said: “Our revenue growth during the quarter was primarily led by growth in dine-in business. The performance of the delivery segment was encouraging with around 15% sequential growth. Our delivery transaction volumes continued to increase and with stable AOVs. This improvement was primarily driven by recent initiatives such as menu re-engineering, new combo meals and the launch of the new Biryani brand, ‘Dum Safar’. Dum Safar is now available at over 50% of our network and continues to generate strong traction from customers. We remain focused on strengthening and accelerating our core dine-in business, growth in the delivery vertical, unlocking the growth potential of Toscano and calibrated international expansion.” Result PDF
Conference Call with Barbeque-Nation Hospitality Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Restaurant company Barbeque-Nation Hospitality announced Q2FY23 results: Revenue from operations-Rs 310.5 crores, YoY growth of 40.6% EBITDA stands at Rs 59.9 crore, an increase of 20.2% YoY, and margin stood at 19.3% Profit Before Tax (PBT) of Rs 10.2 crore with a YoY growth of 133% Profit After Tax (PAT) stood at Rs 7.5 crore, a growth of over 125% YoY Same-store sales growth of 23.4% YoY Dine-in to a delivery revenue mix of 87% and 13% respectively Opened 10 new restaurants taking the overall network to 205 restaurants Cumulative Barbeque Nation App downloads of 5.1mn, a 51% increase over September 2022 Kayum Dhanani, Managing Director, said: “Our performance during the quarter was encouraging despite the prevailing inflationary environment. We recorded a topline growth of over 40% primarily driven by growth in dine-in segment. We also achieved the milestone of 200+ restaurants with opening of 10 new restaurants during the quarter. We have added 21 new restaurants in the first half of the fiscal year and are confident of achieving our guidance of adding 40 restaurants in FY23. We are focussed to grow each of our 4 business verticals to build one of India’s largest food services company owning its restaurant brands.” Rahul Agrawal, CEO and Whole Time Director, said: “We continued to build on the growth momentum with strong revenue growth of over 40% and SSSG growth of 23% during the quarter. The growth was supported by improvement in dine-in business coupled with robust performance of both Toscano and international businesses. In the delivery segment, we added new offerings including recently launched ‘Dumsafar’ biryani. We continue to drive our store expansion with 10 new restaurants launched during the quarter. Strengthening and accelerating our core dine-in business, growth in the delivery vertical, unlocking the growth potential of Toscano and calibrated international expansion continues to be 4 key vectors of our growth strategy." Result PDF