India's Barbeque-Nation rises after strong March-qtr results

United Foodbrands

25/05/2021 05:43

** Indian restaurant chain's shares  BARQ.NS  gain as much
as 9.4% to 697.80 rupees, their highest since April 15
    ** BARQ on Monday posted March-qtr consolidated net profit
of 61.9 mln rupees ($849,504.57) vs a loss of 273.5 mln rupees a
yr ago, while rev from ops rose 18.5%  urn:newsml:reuters.com:*:nFWN2NB0BJ
    ** Co's Q4 results helped by same-store sales growth of
19.9%, jump in delivery rev to 280 mln rupees
    ** "With the gradual opening of the economy and reopening of
our outlets, we saw month-on-month increase in sales from our
dine-in and delivery channels" - BARQ CEO Rahul Agrawal
    ** Co, which had its stock market debut in April, says 98%
of its restaurants were operational as of March, and co has
plans to open 20 new stores during FY22   
    ** Up to Monday's close, stock rose 8.5% since market debut
on April 7


($1 = 72.8660 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))