United Foodbrands

June 16 (Reuters) - United Foodbrands Ltd UITF.NS:

• UNITED FOODBRANDS - TAX DEMAND AND INTEREST OF 86.3 MILLION RUPEES REDUCED TO NIL

Source text: ID:nBSEzqXSC

Further company coverage: UITF.NS

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** Shares of Barbeque Nation restaurant chain operator United Foodbrands UITF.NS skyrocket 44% over two days to hit 17-month high of 480.95 rupees per share

** Co on Tuesday reported 23% revenue growth, while narrowing quarterly losses

** Shares had fallen 8.4% on Tuesday on concerns over margin contraction

** Motilal Oswal points to strong recovery in same-store sales growth; raises FY27 and FY28 operating profit estimates by 12% and 7%, respectively

** Co expects 100-200 bps gross margin recovery in FY27 despite rising cost inflation, which Motilal Oswal says appears aggressive

** More than 5.5 million shares change hands, highest since April 2022

** YTD, stock up 127.3%

(Reporting by Vivek Kumar M)

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** Shares of India's United Foodbrands UITF.NS jump 17.13% to 391.50 rupees, set for highest intraday pct rise since February 1

** Quick service restaurant (QSR) operator's fourth quarter net loss narrowed 33.7% y/y to 134.1 million rupees ($1.38 million)

** Co's revenue rose 23.1% year-on-year to 3.60 billion rupees

** Trading vols at 2.82 million vs 30-day average of 165,029 shares

** YTD stock up ~58%

($1 = 96.8800 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 19 (Reuters) - United Foodbrands Ltd UITF.NS:

• UNITED FOODBRANDS LTD MARCH-QUARTER CONSOL NET LOSS 134.1 MILLION RUPEES

• UNITED FOODBRANDS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.60 BILLION RUPEES

Source text: [ID:]

Further company coverage: UITF.NS

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** Shares of quick-service restaurant operators fall as LPG shortage concerns raise risks of higher near-term operating costs and store-level disruptions

** Jefferies says India imports roughly 60% of its LPG and natural gas needs and shortages have been seen in commercial kitchens amid Middle East tensions

** Adds retail and QSR sector earnings could see more than 5% hit in its base-case scenario from ongoing supply constraints

** Jubilant Foodworks JUBI.NS down 2.8% at 441.5 rupees, Devyani International DEVY.NS falls 3.27% to 96.3 rupees, Westlife Food WEST.NS down 1.44% to 436.05 rupees, Sapphire Foods SAPI.NS drops 4.44% to 152.16 rupees

** Shares of food-delivery platforms Eternal ETERNAL.NS down 1.13% at 230.51 rupees and Swiggy SWIGGY.NS fall 3.43% to 259.30 rupees

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Sept 5 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• RAHUL AGRAWAL RE-APPOINTED AS CEO

Source text: ID:nNSE74KHz5

Further company coverage: BARQ.NS

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July 31 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• BARBEQUE-NATION HOSPITALITY JUNE-QUARTER CONSOL NET LOSS 164.1 MILLION RUPEES

• BARBEQUE-NATION HOSPITALITY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.97 BILLION RUPEES

Source text: [ID:]

Further company coverage: BARQ.NS

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April 8 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• KINGDOM OF SAUDI ARABIA APPROVES INCORPORATION OF BARBEQUE NATION SAUDI ARABIA

Source text: ID:nBSE6l7ryt

Further company coverage: BARQ.NS

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March 12 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• ACQUIRES 42.36% OF WILLOW GOURMET

Source text: ID:nBSE6dC8x4

Further company coverage: BARQ.NS

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Feb 3 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• BARBEQUE-NATION - TO ACQUIRE UPTO 51% OF WILLOW GOURMET

• BARBEQUE-NATION - COST OF ACQUISITION 170 MILLION RUPEES

Source text: [ID:]

Further company coverage: BARQ.NS

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Dec 4 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• BARBEQUE-NATION HOSPITALITY-BARBEQUE-MAURITIUS' APPLICATION APPROVED BY REGISTRAR OF COS, MAURITIUS

• BARBEQUE-NATION HOSPITALITY -PER LETTER BY ROC, BARBEQUE NATION HOLDINGS PVT REMOVED FROM REGISTER

Source text: ID:nBSE5gsbGW

Further company coverage: BARQ.NS

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Nov 20 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• UNIT MADE FURTHER EQUITY INVESTMENT IN BARBEQUE NATION LANKA

• DEAL FOR LKR 24,531,900

Source text: ID:nBSEbmGzD

Further company coverage: BARQ.NS

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Nov 12 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• BARBEQUE-NATION HOSPITALITY SEPT-QUARTER CONSOL NET LOSS 72.2 MILLION RUPEES

• BARBEQUE-NATION HOSPITALITY SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.06 BILLION RUPEES

Further company coverage: BARQ.NS

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By Praveen Paramasivam

CHENNAI, Sept 25 (Reuters) - Indian fast-food chain Wow Momo Foods plans to go public within two years, its CEO said, as the popular dumpling brand aims to replicate the rapid expansion of Domino's Pizza in the world's most populous country.

India's $5 billion fast-food sector has seen significant growth, driven by rising demand among low- and middle-income families.

Valued at 25 billion rupees ($299.33 million) with a network of 650 stores, Wow Momo plans to become the first major local fast-food chain to go public, riding on this shift in consumer behavior.

Tiger Global-backed Wow Momo, which reported revenue of nearly 4.8 billion rupees ($57.47 million) for the fiscal year ending in March, is aiming to double its revenue to 10 billion rupees over the next 30 months, co-founder and CEO Sagar Daryani told Reuters late on Tuesday.

"The public markets are really, really growing ... One homegrown fast-food chain IPO in India will change the script for fast-food play (in the country)," Daryani said.

India's booming stock market .NSEI has hit record highs over 50 times this year, with nearly 200 companies, including e-scooter maker Ola Electric OLAE.NS and telecom operator Bharti Hexacom BHAX.NS, raising billions.

In the restaurant sector, franchisees of Western brands like KFC, McDonald's MCD.N, Burger King, and Domino's DPZ.N have gone public in the past decade. One of the most recent local listing was of Barbeque-Nation Hospitality BARQ.NS, which went public three years ago.

Shares of Bengaluru, Karnataka-based Barbeque-Nation have climbed nearly 28% from their IPO price despite seeing some challenges with footfalls among inflation-weary consumers.

Daryani said he plans to replicate Jubilant FoodWorks JUBI.NS's success, which has expanded Domino's from a single store in India in 1996 to over 1,800 outlets.

Wow Momo, which offers savory dumplings priced between 109-369 rupees ($1.31-$4.42) per serving, plans to increase its store count to 1,000 and become profitable on the basis of a core earnings metric within two years.

While the company experienced a dip in same-store sales from October to May, mirroring a broader slowdown in the Indian fast-food space, sales have recovered, turning positive from June to September, Daryani added.

($1 = 83.5200 Indian rupees)

(Reporting by Praveen Paramasivam; Editing by Nivedita Bhattacharjee)

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** Shares of restaurant chain operator Barbeque-Nation Hospitality BARQ.NS close up 9.3% at 633.80 rupees, best day since April 6, 2023

** Reuters could not immediately ascertain the reason for the share move

** Over 1.2 mln shares traded in stock's busiest session in 2024

** Stock trims YTD losses to 13.3%

(Reporting by Nandan Mandayam in Bengaluru)

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March 29 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• BARBEQUE-NATION HOSPITALITY LTD - GETS TAX DEMAND NOTICE FOR 266.6 MILLION RUPEES

Source text for Eikon: ID:nNSE4sHgpL

Further company coverage: BARQ.NS

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Jan 11 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• GETS TAX DEMAND ORDERS FOR PENALTY OF TOTAL 8.1 MILLION RUPEES

Source text for Eikon: ID:nBSE7yg7rT

Further company coverage: BARQ.NS

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** 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)

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** Shares of Barbeque-Nation Hospitality BARQ.NS rise as much as 3.1% to 791.70 Indian rupees, highest level since Feb. 10

** Stock rises for third straight session

** Co says it will acquire a majority stake of 53.3% along with Red Apple Kitchen Consultancy in Blue Planet Foods Private Ltd - which operates a restaurant under brand name 'Salt' nNRAq2ewcs

** Adds post stake buy, Blue Planet will become a unit of BARQ

** Stock down ~19.9% YTD

(Reporting by Archishma Iyer in Bengaluru)

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Sept 27 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• TO ACQUIRE 11.77% AND 41.49% OF PAID-UP SHARE CAPITAL OF BLUE PLANET FOODS BY CO AND UNIT

Source text for Eikon: ID:nNSE12yyQ5

Further company coverage: BARQ.NS

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Aug 7 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• JUNE-QUARTER CONSOL NET LOSS 43.1 MILLION RUPEES VERSUS PROFIT 151.8 MILLION RUPEES YEAR AGO

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.24 BILLION RUPEES VERSUS 3.15 BILLION RUPEES YEAR AGO

Further company coverage: BARQ.NS

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June 6 (Reuters) - Barbeque-Nation Hospitality Ltd BARQ.NS:

• INCORPORATION OF STEP DOWN UNIT BARBEQUE NATION BAHRAIN W.L.L APPROVED BY REGULATORY AUTHORITIES IN BAHRAIN

• TOTAL INVESTMENT MADE IS BHD 4950

Source text for Eikon: ID:nBSE2wK9zt

Further company coverage: BARQ.NS

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** Shares of Barbeque-Nation Hospitality Ltd BARQ.NS fall as much as 5.79% to 600 rupees

** Slide after net loss widens to 118.21 mln rupees ($1.45 mln) compared to 0.56 mln rupees Y/Y

** Co says weak demand weighed on overall performance in March qtr

** Trading volume is 223,224 shares as of 2:27 p.m. IST, 1.6 times the 30-day avg - Refinitiv data

** Of the five analysts tracking BARQ, four maintain "buy" and one suggests "hold"; median TP is 1,203 rupees

** Stock down 2.2% so far this qtr vs 34% drop in Jan-March qtr; down ~36% YTD

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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