Barbeque-Nation Hospitality Ltd
NSE:BARBEQUE
Barbeque-Nation Hospitality Ltd
Barbeque Nation Hospitality Ltd. engages in the ownership and operation of casual dining chain. The company is headquartered in Bangalore, Karnataka. The company went IPO on 2021-04-07. The firm operates in setting up and managing restaurant business segment. The company operates restaurants in India under the brand names Toscano and Cafe. The firm provides a variety of meats, vegetables, sauces, and condiments. Its veg menu include SOUP, such as CREAM OF TOMATO SOUP; SALAD, such as GREEN SALAD, RUSSIAN SALAD, PASTA SALAD, and ALOO PEANUT CHAT; STARTER, such as TANDOORI PANEER TIKKA, DAHI KE SHOLEY, CAJUN SPICE POTATO, HARIYALI GRILLED VEG, and CRISPY CORN; MAIN COURSE, such as SUBJ MUSHKAN, PANEER BUTTER MASALA, PLAIN RICE, and ALOO GOBI TAMATER. Its non-veg menu includes SOUP, such as CREAM OF TOMATO SOUP and CHICKEN MANCHOW SOUP; STARTER, such as MUTTON GILAFI SEEKH, CHILLI GARLIC PRAWNS, and COASTAL BBQ FISH; MAIN COURSE, such as MUTTON ROGANJOSH, MURGH MAKHANI, ANDA HARA PYAZA, and CHICKEN DUM BIRYANI.
Barbeque Nation Hospitality Ltd. engages in the ownership and operation of casual dining chain. The company is headquartered in Bangalore, Karnataka. The company went IPO on 2021-04-07. The firm operates in setting up and managing restaurant business segment. The company operates restaurants in India under the brand names Toscano and Cafe. The firm provides a variety of meats, vegetables, sauces, and condiments. Its veg menu include SOUP, such as CREAM OF TOMATO SOUP; SALAD, such as GREEN SALAD, RUSSIAN SALAD, PASTA SALAD, and ALOO PEANUT CHAT; STARTER, such as TANDOORI PANEER TIKKA, DAHI KE SHOLEY, CAJUN SPICE POTATO, HARIYALI GRILLED VEG, and CRISPY CORN; MAIN COURSE, such as SUBJ MUSHKAN, PANEER BUTTER MASALA, PLAIN RICE, and ALOO GOBI TAMATER. Its non-veg menu includes SOUP, such as CREAM OF TOMATO SOUP and CHICKEN MANCHOW SOUP; STARTER, such as MUTTON GILAFI SEEKH, CHILLI GARLIC PRAWNS, and COASTAL BBQ FISH; MAIN COURSE, such as MUTTON ROGANJOSH, MURGH MAKHANI, ANDA HARA PYAZA, and CHICKEN DUM BIRYANI.
Revenue Decline: Consolidated revenues fell 2.8% year-on-year to INR 297 crores, mainly due to negative same-store sales growth (SSSG) in Barbeque-Nation India.
Persistent SSSG Pressure: Barbeque-Nation India reported negative SSSG of 5.2%, continuing a multi-quarter trend and raising concerns about core business resilience.
Margins Hold, But Weakness Visible: Restaurant operating margins for Barbeque-Nation India remain in double digits, but have been pressured by negative SSSG and higher marketing spend.
Cost Controls & Format Changes: Management is rightsizing new restaurant prototypes to be 20-25% smaller, reducing capital expenditure and supporting margins; cost containment remains a priority.
Segment Strength: International and Premium CDR segments delivered strong results, with International posting 8.5% SSSG, 23%+ operating margins, and Premium CDR revenue up 19% YoY.
Network Expansion On Track: 7 new restaurants opened in Q1; management affirmed target of 300–325 restaurants by FY '27, with acceleration in new openings expected.
South India Weakness: Significant SSSG declines persist in the South, attributed to weak corporate demand, heightened competition, and pricing pressure.
Outlook: Management is focusing efforts on reviving Barbeque-Nation India's growth, but sees no immediate turnaround, noting July trends are similar to Q1.
