During the quarter pre-tax loss stood at Rs 14.19 crore as against pre-tax profit to Rs 0.23 crore recorded in same quarter last year.

EBITDA stood at Rs 421 crore in Q4 FY23, declining 16.5% as compared with Rs 504 crore posted in corresponding quarter last year. EBITDA margin was at 15% in Q4 FY23 as against 20.1% in Q4 FY22.

Same stores sales growth (SSSG) stood at negative 2.6% as compared with 5.5% in Q4 FY22.

During the quarter the company added 8 new restaurants as compared with 12 restaurants added in Q4 FY22.

On full year basis, the company reported consolidated net profit of Rs 17.02 crore in FY23 as compared to net loss of Rs 25.60 crore in FY22. Net sales jumped 43.4% year on year to Rs 1,233.76 crore in FY23.

During the year, the company added 39 new restaurants resulting in total count of 216. Total restaurants included 14 Toscano restaurants, 6 Barbeque Nation international restaurants and balance 196 were Barbeque Nation India network.

Kayum Dhanani, managing director, said, “Our relentless focus over past years have resulted in creating multiple growth levers for the Company such as Toscano, international business and delivery vertical. We believe the share of contribution for these businesses will further increase in the overall revenue and profitability mix, which will further strengthen our position as diversified food services company.”

Rahul Agrawal, CEO and whole time director, said, “As a market leader in the Indian Casual Dining Restaurant, we are proud to report that Barbeque Nation brand has crossed annual revenue of ₹1,000+ crores in FY23. We had an overall encouraging performance in FY23 with revenue growth of 43%, EBITDA growth of 49% and reported EBITDA margins of 19.3%.

We continue to remain focused on enhancing guest experience through upgraded store designs, elevating culinary experience and service culture, thereby becoming the preferred destination for celebration. As a diversified Indian food services company, we will continue to invest in Barbeque Nation along with our other brands namely Toscano, UBQ and Dum Safar.”

Meanwhile, the board approved further acquisition of 275 equity shares constituting 4.21% paid-up share capital, having face value of Rs 100 each, of Red Apple Kitchen Consultancy (Red Apple), subsidiary of the company, from the existing shareholders of Red Apple for total consideration of Rs 10,06,16,175.

Barbeque-Nation Hospitality is primarily engaged in the business of operating casual dining restaurant chain in India.