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Barbeque Nation Hospitality surged 18 per cent to Rs 1,215 on the Bombay Stock Exchange (BSE) in the intra-day trade on Friday, gaining 37 per cent in the past four trading days, after the company reported a strong recovery in sales at 86 per cent in July 2021 as compared to the same month of the previous year.
The stock was trading at its highest level since its market debut on April 7, 2021. With the past four days’ rally, it has zoomed 143 per cent from its issue price of Rs 500 per share. Barbeque Nation is one of India’s leading casual dining restaurant chains. It currently owns 147 outlets in India across 77 cities, four outlets in the UAE, one outlet in Malaysia, and one outlet in Oman. The company pioneered the format of the ‘over the table barbeque’ concept in Indian restaurants.
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The company’s revenue from operations grew 939 per cent year on year (YoY) at Rs 102 crore during the quarter ended June 2021 (Q1FY22). It reported identical to sale growth of 960 per cent.
Delivery revenue jumped 1,251 per cent YoY at Rs 56 crore over Q1FY21. The company said consolidated sales recovery of 48 per cent in Q1FY22 compared to the same period in FY20. It reported Ebitda (earnings before interest, taxes, depreciation, and amortization) loss of Rs 10 crore, primarily impacted due to the second wave of pandemic lockdowns and ensuing restrictions.
Stock Covered in the news
