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.”

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