India's Barbeque-Nation Hospitality falls on posting Q2 loss

United Foodbrands

06/11/2023 09:58

** Shares of Barbeque-Nation Hospitality  BARQ.NS  fall as
much as 3.8% to 623.6 rupees, lowest since June 2
    ** Co posts Sept-qtr net loss of 123.7 mln rupees ($1.5 mln)
vs profit 75.3 mln rupees a year ago
    ** Rev from ops fell 2.8% due to higher vegetarian food
consumption during the quarter
    ** Trading vol almost 2x the 30-day daily avg
    ** Stock last down 2.1%, extending YTD losses to ~34%

($1 = 83.1820 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))