India's Barbeque-Nation hits 3-month high on June-quarter profit

United Foodbrands

01/08/2022 10:02

** Shares of Indian restaurant chain operator
Barbeque-Nation Hospitality  BARQ.NS  rise as much as 7.3% to
1,250 rupees, their highest since April 29
    ** Co on Monday reported June-quarter profit of 151.8
million rupees ($1.92 million) vs a loss of 426.3 mln rupees a
year ago  urn:newsml:reuters.com:*:nFWN2ZD2GZ
    ** Co reported its highest ever quarterly revenue of 3.15
bln rupees — more than triple compared with last year
    ** Co says it took calibrated price increases and change in
business mix in dine-in business to improve margins, offsetting
inflationary pressures
    ** Says co saw increase in number of meals served and
average realisation per meal in June quarter
    ** More than 392,000 shares change hands, 6.2x 30-day avg of
63,621 shares
    ** BARQ shares down 19% so far this year as of last close
    
    
($1 = 78.9760 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))