Barbeque-Nation will develop its delivery activity and open 20 new points of sale
Chennai, June 3 (SocialNews.XYZ) Barbeque-Nation Hospitality Ltd, owner of the Barbeque Nation restaurant chain, plans to open another 20 outlets in this fiscal year while expanding its delivery business, senior officials told analysts.
Officials at the listed company Rs 553 crore revenue added that the delivery company will not cannibalize the catering activities of its restaurants.
In the last quarter of FY21 the company made around Rs 28 crore through delivery channels and for the whole year it was Rs 77 crore.
“Our strategic focus on growing the distribution channel and a strong balance sheet will help us overcome the short-term challenges posed by the second wave of the pandemic,” Kayum Dhanani, managing director, told analysts.
Barbeque-Nation is also studying the possibility of taking the delivery business with certain kitchen extensions.
According to Dhanani, the company plans to open 20 new restaurants in this fiscal year, with 50-60% in metro markets and the rest in Tier 1 and 2 markets.
At the end of the last financial year, the company had 164 points of sale (147 Barbeque Nation, 11 Italian restaurants and 6 Barbeque Nation abroad).
Speaking of the delivery channel activity, Rahul Agrawal, CEO, said that it had grown about six times in the last quarter of the previous year and continued to grow even after the resumption of catering activities. ‘last year.
Agrawal said the company will increase its delivery business by twice this fiscal year.