Conference Call with Barbeque-Nation Hospitality Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Barbeque-Nation Hospitality announced Q1FY23: Achieved highest ever quarterly revenue of Rs. 315 crore Earnings Before Interest, Tax & Depreciation (EBITDA) stands at Rs. 73.4 crore as compared to EBITDA loss of Rs. 10.4 crore in Q1FY22, margin stood at 23.3% Profit Before Tax (PBT) stood at Rs. 20.8 crore as against Loss Before Tax of Rs. 55.9 crore in Q1FY22 Profit After Tax (PAT) stood at Rs. 16 crore as against Loss After Tax of Rs. 43.9 crore in Q1FY22 Same store sales growth of 182% (Y-o-Y) Dine-in to delivery revenue mix of 87% and 13% respectively Opened 11 new restaurants taking overall network to 195 restaurants Cumulative Barbeque Nation App downloads of 4.7mn, 61% increase over June 21 Strong profitable growth across Toscano business and Barbeque Nation international business Commenting on the business, Mr. Kayum Dhanani, Managing Director, said: “We are happy to report yet another remarkable performance at our Company with highest ever quarterly revenues of Rs 315crs during the quarter growing almost 3x vs. previous year Q1 and 25% vs. previous quarter. Despite a challenging inflationary environment, the business achieved higher growth in gross profits and EBITDA. We have clearly defined pillars for our future growth namely Barbeque Nation India, Delivery segment, Toscano and Barbeque Nation international. We are extremely focussed on growing each of these four verticals to build one of India’s largest food services company owning its restaurant brands. Building a strong people centric organization, we are also proud to be ranked 7th as India’s Best Companies to Work for 2022.” Result PDF
Conference Call with Barbeque-Nation Hospitality Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Restaurant company Barbeque-Nation Hospitality announced Q4FY22 results: Revenue from operations of Rs 861 crore, an increase of 70% over the previous year Dine-in revenue growth of 54% and delivery revenue growth of 157% in FY22 over FY21. Reported EBITDA of Rs 160 crore in FY22 vs Rs 92.4 crore in FY21 Growth of 11% in Q4FY22 revenues with an EBITDA margin of 20.1% Opened 12 new Barbeque Nation restaurants taking the overall network to 185 restaurants Cumulative Barbeque Nation App downloads of 4.2 million, 63% increase over March 21 Successful track record of new businesses like UBQ, Toscano, and International Commenting on the business, Mr. Kayum Dhanani, Managing Director, said: “We are happy to announce yet another remarkable quarterly operating performance at Barbeque Nation. The quarter started with a strong Omicron wave leading to dine-in operating restrictions. However, recovery post the 3rd wave was equally steep, leading to strong revenue growth during the quarter. Over last two and half years, the business has effectively sailed through 3 Covid waves led by strong resilience of the brand and the team. The business has structurally become more robust with strong Balance sheet, diversified revenue streams and profitable presence across multiple geographies and brands. We also ramped up our expansion with 12 new restaurants, taking overall store count to 185 restaurants. With various strategic initiatives envisaged during the current financial year, we are well poised to continue our growth trajectory in the future. Commenting on the performance, Mr. Rahul Agrawal, CEO, said: “The dominance of Omicron wave, multiyear high inflation and challenges in supply chain had led to challenging operating environment during the quarter. Despite these challenges, Barbeque Nation has continued its growth journey with strong y-o-y annual growth in it’s dine-in & delivery revenues and margins. We continue to invest in expanding our restaurant network and have reached 185 restaurants as on March 2022. We intend to continue this momentum and expect to add 35-40 new restaurants during FY23 and another 80 restaurants by FY25. Over the last two years, the Company has demonstrated strong track record of new business verticals like UBQ, BBQ International and Toscano. With a strong balance sheet and operating strength, our prime focus will be to continue our expansion and provide best-in-class dining & delivery experience to our guests whilst creating value for all our stakeholders." Result PDF