United Foodbrands Ltd. share price target

United Foodbrands (BBQ India)’s consolidated revenue was flat YoY at INR3.0b (in line). Same-store sales growth (SSSG) remained subdued, declining 2.2% YoY in 2QFY26, primarily due to Navratri (70-75% portfolio non-veg).

Barbeque Nation Hospitality’s (BBQN) consolidated revenue was flat YoY at INR3.3b (miss), impacted by competition in South India and sluggish demand.

Barbeque Nation Hospitality (BARBEQUE) revenue grew 1.3% YoY, impacted by higher vegetarian days in 2Q and sluggish demand.

On a recovery path; valuations cheap

Barbeque Nation (BBQN) delivered 6% revenue growth in 4QFY24, led by
the expansion in both dine-in and delivery services. The company delivered
SSSG of 1.4% YoY vs. -2.6% in 4QFY23 and -4.9% in 3QFY24. Dine-in
revenue was up 3%, while delivery revenue rose 19% YoY.

On a path to normalized margins; aggressive store addition targets ahead

Margins expand, store rationalisation complete

Marginal revival seen; complete overhaul in H2FY24

Moderation in restaurant opening outlook due to softness in demand

Q3FY23 Result Update

Grilled for appetizing growth ahead!!!

BARBEQUE delivered a strong all-round performance in 3QFY22 as the increase in mobility and upbeat festive sentiment drove a strong recovery in its dine-in business to 108% of pre-COVID levels. While the recovery is flat on a per store basis, it is still commendable considering QSR players are considerably lagging in terms of a recovery in the dine-in channel. At the same time, the delivery channel continues to hold up well, meeting the management's FY22 sales guidance of INR1.5b sales in 9M itself. Although the company raised prices by 5-6% to beat commodity inflation,...

Barbeque Nation Hospitality (BNH) is one of India's leading casual dining restaurant chains with 164 restaurants. BNH owns 147 restaurants in India and six restaurants in three countries outside India under the brand name Barbeque Nation. It also hold 61.35% stake in a company called Red Apple, which operates 11 Italian cuisine restaurants. Out of this, nine restaurants are under the brand name Toscano and one each under the brand name La Terrace and Collage. It operates in 77 cities in India. In November 2018, BNH launched UBQ by Barbeque Nation' restaurant to...

Barbeque Nation Hospitality Limited IPO Note Issue Open: Mar 24 Mar 26, 2021 Price Band: Rs. 498 500 *Issue Size: 9,057,470 eq shares (Fresh isssue of 36,00,000 eq sh +offer for Sale of 5,457,470 eqs h ) Issue Size: Rs. 451.06 452.87 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh