India's Barbeque-Nation surges as dine-in demand drives Dec-quarter profit

United Foodbrands

03/02/2022 07:27

** Shares of the restaurant chain operator  BARQ.NS  rise as
much as 6.80% to 1524 rupees, their best intraday pct gain since
Jan 13
    ** Barbeque-Nation reports Dec-qtr profit of 141.6 mln
rupees ($1.89 mln) vs loss of 9 mln rupees a year ago
 urn:newsml:reuters.com:*:nFWN2UD1CU
    ** Says quarterly same-store sales growth at 42.7%
    ** Over 90% of outlets were fully operational during the
quarter, Barbeque-Nation says
    ** Says experiencing improvement in demand with receding
impact of the COVID-19 pandemic coupled with increased
vaccination
    ** Dine-in business made robust recovery and delivery
vertical also contributed to our growth - Managing Director
Kayum Dhanani 
    ** About 169,793 shares change hands, 3.6x 30-day avg of
47,395
    ** Shares have nearly tripled since making their Mumbai
market debut last April 
    

    ($1 = 74.8125 Indian rupees)
    

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