The company, known for its
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Topics
Q2 results | restaurants
The company, known for its
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Indian restaurant chain Barbeque-Nation Hospitality Ltd more than doubled its second-quarter profit as more people went out to restaurants post the pandemic-induced curbs.
Consolidated net profit jumped 143% to Rs 7.09 crore ($872,755.03) for the three months ended Sept. 30 from Rs 2.92 crore a year ago, an exchange filing on Wednesday showed.
Revenue from operations rose 40.3% to Rs 310 crore, from Rs 221 crore a year ago.
The growth was supported by improvement in the dine-in business, coupled with the robust performance of both Toscano and BARQ's international businesses, Chief Executive Officer Rahul Agrawal said in a statement.
The company, known for its "over the table" live barbeque grills, also owns Italian restaurant chain Toscano.
Restaurants in India have seen an increase in business this year, with people slowly returning to offices under hybrid work arrangements and venturing out more.
Domino's Pizza's India franchisee Jubilant FoodWorks Ltd on Tuesday reported a 10% increase in quarterly profit on dine-in demand.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, November 09 2022. 15:27 IST
Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more