Barbeque Nation zooms 20% on net profit in Jan-Mar quarter of FY21
Published On: Tuesday, May 25, 2021 | By: Team KnowMyStock
Shares of casual dining, Barbeque Nation Hospitality were locked in 20 percent upper circuit at Rs 767.50 on the BSE on Tuesday after the company posted revenues of Rs 226 crore in the Jan-Mar quarter of FY21, a growth of 18.5 percent on-year. It stood at Rs 190 crore in the same quarter last year. The company’s operating profit or EBITDA stood at Rs 56 crore in the March quarter, The company had posted Rs 24.6 crore in the year-ago quarter. Total 1.39 lakh shares changed hands amounting to turnover of Rs 10.16 crore on BSE. The market cap of the firm rose to Rs 2,878 crore on BSE. Share of revenue from digital platforms increased to 24.7% from 20.1% in Q4 FY20, while the delivery business has grown 6 times in Q4 FY21 as compared to the same period last year.
The management said that with the gradual opening of the economy and reopening of outlets, the company saw month-on-month increase in sales from dine-in and delivery channels. The company continues to focus on building the delivery business which has continued to grow post the recovery of the dine in segment. With these promising signs the management expects the delivery segment to grow by two times in FY22.
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