The company logged a profit (measured as EBIDTA) of Rs. 6.4 Cr during Q4 FY 20-21 as against continuous losses for the 5 preceding Quarters and as against a loss of Rs. 27.9 Cr during Q4 FY 19-20 even as the revenues went up 18.% during the Quarter over last year same period.
Given that more people are preferring to order-in compared to dine-in, the company which operates … restaurants launched its IPO in Mar. ‘21 and reserved Rs. 55 Cr out of the Rs. 180 Cr it raised for expansion. And plans to add 20 new locations this fiscal according to Rahul Agarwal, CEO, Barbeque Nation.
In Jun. 2020, the company launched “Barbeque in a Box“ – the company’s home delivery service which had a resounding success and accounts for 20% of it’s business at the moment. Going forward, the company could model along the lines of Dominos Pizza, which follows a similar model, albeit with a very limited “in-store” experience.