Barbeque Nation Hospitality (BNH) Ltd on Monday posted a consolidated net profit of INR 6 crore in the March quarter as against loss of INR 28 crore in the year-ago period. Revenue from operations moved up to INR 226 crore in Q4 FY21 from INR 190 crore in Q4 FY20. Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at INR 56 crore with margins of 24.8%.
The company currently owns and operates 147 outlets in India across 77 cities, 4 in the UAE, 1 in Malaysia and 1 in Oman.
Kayum Dhanani, Managing Director of the casual dining restaurant chain said that the brand focused on delivery vertical and launched a new product called Barbeque-in-a-Box. This venture was aimed at the rapid progression of delivery segment during the pandemic. “With a strong digital presence through our own app and third-party delivery apps, our delivery segment has grown from strength to strength. We opened one new store during Q4 FY21 and are planning to expand our network by opening 20 new stores during FY22. With multiple strategic initiatives and learnings from the previous year, we are well poised to continue our growth trajectory during the coming year,” he added.
BNH reported total income of INR 553.13 crore during the 12 months period ended March 31, 2021 as compared to INR 850.79 crores during the 12 months period ended March 31, 2020. It posted net profit / (loss) of INR 90.46 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of INR 32.39Â crores for the 12 months period ended March 31, 2020.
