Source: CNBCTV18
Shares of Barbeque Nation Hospitality Ltd. fell as much as 6% on Thursday, May 22, after the company's fourth quarter results.
The company's net loss for the quarter widened to â¹20 crore, compared to a net loss of â¹1 crore during the same quarter last year.
Revenue for the period also declined on a year-on-year basis to â¹293 crore from â¹299 crore, implying a 2% drop. The management attributed the revenue drop to the fall seen in the India business.
Barbeque Nation's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) remained nearly unchanged at â¹54 crore from â¹55 crore last year.
EBITDA margin stood at 18.4% from 18.5% in the year-ago quarter.
Same store sales declined by 2% during the quarter, while the same quarter last year had seen growth of 1.4%. For the full year, the decline in same store sales narrowed to 3.8% from a decline of 6.5% during financial year 2024. The company launched 18 new restaurants in FY25.
Promoters of Barbeque Nation had a 33% stake in the company at the end of the March quarter. India's domestic Mutual Funds have a 17% stake in the company, while the Massachusetts Institute of Technology has a 4.05% stake.
Jubilant Foodworks' name also features in the list of shareholders with a stake of over 9%.
Shares of Barbeque Nation are trading 5.7% lower after the results announcement at â¹311.3. The stock is down 40% from its IPO price of â¹500 per share.
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