Barbeque Nation share price soars 20%, hits upper circuit amid strong operations in Q4 – Check key stock performance details here

The shares of Barbeque Nation Hospitality spurted by over 20 per cent, hitting an upper circuit at Rs 767.50 on the BSE intraday during Tuesday’s session on the back of strong operation in the fourth quarter of the financial year 2020-2021. On Monday, it had closed at Rs 639 per share. 

The company reported more than double consolidated EBITDA at Rs 56.1 crore in Q4 of FY21 as compared to Rs 24.6 crore in the same period year ago. Barbeque Nation is one of the leading casual dining chains in India and has an investment of ace-investor Rakesh JhunJhunwala. 

Barbeque Nation grew by over 18 per cent at the close today at Rs 760 per share as against Rs 640 per share of the previous close. In the last five sessions, the stock has soared by around 29 per cent.  

In Q4 of FY21, the company reported growth of 18.5 per cent in the consolidated revenues year-on-year (YoY) basis at Rs 226 crore, while reported same-store sales growth (SSSG) by around 20 per cent during the quarter. Similarly, it broke out in profit at Rs 6 crore versus a loss of Rs 28 crore YoY. 

The company, which got listed on April 7, 2021, has been severely hit by the Covid-19 pandemic as the hospitality sector directly impacted by the lockdown. It currently owns and operates 147 outlets in India across 77 cities, 4 outlets in the UAE, 1 outlet each in Malaysia and Oman.  

The management its commentary said that with the gradual opening of the economy and reopening of outlets, the company saw month-on-month increase in sales from dine-in and delivery channels.  

Till 12:13 pm, a combined 1.2 million equity shares had changed hands and there were pending buy orders for 70,000 shares on the NSE and BSE, exchange data shows.