Barbeque-Nation Hospitality Q2 Review- Delivery Slows-Down; Growth Story In Dine-In Stays Intact: IDBI Capital

Revenue from dine-in grew four-year CAGR while from delivery declined to fall in average order value.

<div class="paragraphs"><p>Grilled starters at Barbeque Nations. (Photo: Lalpesh Jha/ Unsplash)</p></div>
Grilled starters at Barbeque Nations. (Photo: Lalpesh Jha/ Unsplash)

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. has reported below-expected result for Q2 FY23. Revenue growth at 14% four-year compound annual growth rate is decent driven by recovery in dine-in business while delivery business growth momentum impacted due to product mix.

Revenue from dine-in (87% revenue contribution) grew 11% four-year CAGR while from delivery declined 23%YoY due to fall in average order value driven by higher offtake in A la carte (lower from BBQ Box).

Menu innovation (launch of combos) should help in reviving the delivery business (to reach Rs 220 crore run rate in FY24E).

Positively; Barbeque Nation launched biryani brand Dumsafar across 26 restaurants and is likely to scale-up to all India by FY23E. There is no change in near-term guidance.

Click on the attachment to read the full report:

IDBI Captital Barbeque Nation Q2FY23 Results Review.pdf


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.