BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Barbeque Nation Hospitality Ltd. is a breakout investment opportunity in India’s fastest growing (18% compound annual growth rate) chained-casual-dining-restaurant sector.
Barbeque Nation has been able to create right-to-win business model (returns and payback comparable with top quick service restaurants) with differentiated product positioning (fixed price and unlimited protein-rich grilled starters).
Driven by superior store-economics; Barbeque Nation has been able to outperform competition in CDR sector. Optionality of entry into new formats (Toscano; Italian cuisine) and new geographies (six stores in international markets) is promising.
Online delivery business is tracking well (13% revenue share) and is likely to grow at 20% CAGR during FY23-24E.
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