Q1 2025 Barbeque-Nation Hospitality Ltd Earnings Call Transcript
Key Points
- Barbeque-Nation Hospitality Ltd (BOM:543283) reported an 8.8% increase in consolidated operating EBITDA to INR51 crores.
- Gross margin for the quarter increased by about 400 basis points year-on-year.
- The company opened 4 new restaurants with upgraded designs during the quarter.
- Barbeque-Nation's premium dine-in brands, Toscano and Salt, are growing well and have delivered high operating margins.
- The company plans to add 100 new restaurants by FY27, aiming for a network of 325 restaurants.
- Revenue declined by 5.6% year-on-year to INR306 crores, primarily due to negative same-store sales growth.
- Same-store sales growth (SSSG) was negative at 7.4%.
- The company faced temporary sales impacts due to floods and prolonged rainfall in Dubai.
- Dine-in sales were impacted by Mahatva festivals and general elections in some states.
- The South region showed more significant negative impact on dine-in sales compared to other regions.
Ladies and gentlemen, good day, and welcome to Barbeque-Nation Hospitality Limited Investor Analyst Call Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Bijay Sharma, Head of Investor Relations. Thank you, and over to you, sir.
Thank you, [Malaika]. Good evening, and welcome, everyone, to Barbeque-Nation's Q1 FY25 Earnings Conference Call. For today's call, I have with me Mr. Kayum Dhanani, Managing Director; Mr. Rahul Agrawal, CEO and Whole Time Director; and Mr. Amit Betala, CFO. We will begin the call with Mr. Kayum sharing his perspective on key highlights for the quarter. This will be followed by a detailed discussion on business performance and outlook by Mr. Rahul. Post that we'll open the forum for an interactive Q&A session.
Before we begin, I would like to remind you that some of the statements made in today's conference call may be forward-looking in nature and may
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