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Latest filing: 2026-08-12 13:57
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21 announcements match the current filters (relevance ≥ 5).
43.4% YoY Revenue Growth for UFBL; Targets 400-425 Stores by FY30
United Foodbrands Limited (formerly Barbeque Nation) reported a strong Q1 FY27 with revenue of ₹425.9 Cr, a 43.4% YoY increase. The company has expanded its network to 266 restaurants across 93 cities, with a long-term roadmap to reach 400-425 stores by FY30. While the company has been loss-making (TTM PAT of -₹59 Cr), matured store unit economics show a healthy 16.2% Restaurant Operating Margin. Digital adoption is a key driver, with 90% of dine-in transactions now occurring through captive channels.
Confidence: HIGH
What changedThe company has provided an updated growth roadmap and Q1 FY27 performance metrics, highlighting a significant scale-up in revenue and a shift toward a multi-brand dining platform.
Why it mattersThe aggressive expansion and high SSSG (63.5% in Q1 FY27) suggest a strong recovery in casual dining; however, the business must still prove it can achieve bottom-line break-even at this new scale.
Q1 FY27 Revenue: ₹425.9 CrAnnualized Revenue Run-rate: ₹1,703.6 CrAnnualized Rev vs TTM Rev: ~283%FY30 Store Target: 400-425Current Store Count: 266SSSG (Q1 FY27): 63.5%
📅 Short termThe market is likely to react positively to the 43% YoY revenue growth and the high digital channel contribution, which improves long-term unit economics.
📈 Long termUFBL is evolving into a multi-brand platform (BBQ, Toscano, Salt). Success depends on maintaining 16%+ operating margins while scaling to 400+ locations by 2030.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Persistent net losses (TTM PAT -₹59 Cr)
- Execution risk in rapid store rollout
- High attrition levels in the restaurant industry
Key Highlights
Q1 FY27 revenue reached ₹425.9 Cr, representing a 43.4% YoY growth rate.
Network expanded to 266 restaurants across India, Middle East, and South East Asia as of August 2026.
Management set a long-term expansion target of 400-425 stores by FY30, up from the current 266.
Matured store portfolio delivers a 65.8% gross margin and a 16.2% restaurant operating margin.
Digital ecosystem reached 9.7 million app downloads with 90% of dine-in volumes coming through owned channels.
👀 What to Watch
Monitor the company's ability to translate high top-line growth into net profitability, given the TTM loss of ₹59 Cr. Watch for the quarterly store addition run-rate to see if they stay on track for the FY30 target of 400+ outlets.
43.4% Revenue Growth: UFBL Reports Q1 FY27 Turnaround with ₹2.3 Cr PAT
United Foodbrands Limited (UFBL) reported a strong turnaround in Q1 FY27, with consolidated revenue growing 43.4% YoY to ₹425.9 Cr. The company posted a Profit After Tax (PAT) of ₹2.3 Cr, a significant recovery from a loss of ₹16.7 Cr in Q1 FY26. Growth was primarily driven by a 63.5% surge in dine-in volumes and a robust Same-Store Sales Growth (SSSG) of 28.7%. Adjusted Operating EBITDA margins expanded to 8.1% from 4.6% YoY, reflecting improved operating leverage despite inflationary pressures.
Confidence: HIGH
What changedUFBL has successfully transitioned from a loss-making period to profitability, driven by a strategic pivot toward volume growth and value-based offerings.
Why it mattersThe turnaround indicates that the company's DIY-grill format is regaining traction, and operating leverage is kicking in as matured stores deliver 16.2% operating margins.
Q1 FY27 Revenue: ₹425.9 CrQ1 FY27 PAT: ₹2.3 CrSSSG (Consolidated): 28.7%Dine-in Volume Growth: 63.5%Q1 Revenue vs TTM Revenue: 70.7%Adjusted EBITDA Margin: 8.1%
📅 Short termThe stock may see positive momentum as the market reacts to the return to profitability and exceptionally high volume growth figures.
📈 Long termThe structural shift toward digital sales (65% of transactions) and aggressive store expansion plans suggest a long-term growth trajectory if margins remain stable.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Gross margin compression in International business (down 320 bps YoY) due to Middle East crisis
- High reliance on value-driven discounting to maintain volume growth
- Inflationary pressures on food and beverage costs
Key Highlights
Consolidated revenue reached ₹425.9 Cr, representing 43.4% YoY growth driven by volume-led strategy.
Dine-in volumes surged by 63.5% YoY, with Barbeque Nation India leading at 68.6% growth.
Consolidated SSSG stood at +28.7%, a sharp reversal from -3.4% in the same quarter last year.
Adjusted Operating EBITDA (Pre-IND AS) grew 152.3% YoY to ₹34.3 Cr.
Network expanded to 266 restaurants with 5 new openings in Q1, targeting 300+ by FY27.
👀 What to Watch
Investors should monitor the sustainability of the 28.7% SSSG and whether the volume-led discounting strategy continues to deliver positive PAT in subsequent quarters. The execution of the 400-425 restaurant target by FY30 will be a key long-term value driver.
UFBL Reports Q1 FY27 Standalone PAT of ₹6.13 Cr, Turning Profitable YoY
United Foodbrands Limited (formerly Barbeque-Nation) reported a significant turnaround in Q1 FY27, posting a standalone profit of ₹6.13 Cr compared to a loss of ₹16.96 Cr in the same quarter last year. Revenue from operations grew 43.4% YoY to ₹328.39 Cr, indicating strong recovery and scale. EBITDA margins improved to 16.7% from 14.9% YoY, despite the company's strategy of sacrificing gross margins to drive transaction volumes. This result is notable as it breaks a streak of quarterly losses reported throughout FY26.
Confidence: HIGH
What changedThe company has returned to standalone profitability in Q1 FY27 after reporting a net loss of ₹59.36 Cr for the full year FY26.
Why it mattersThe turnaround suggests that the company's 'volume-first' strategy and expansion into international markets are beginning to offset high operational costs and competitive pricing pressures.
Revenue (Q1 FY27): ₹328.39 CrPAT (Q1 FY27): ₹6.13 CrRevenue Growth (YoY): 43.4%EBITDA Margin: 16.7%Q1 Revenue vs TTM Revenue: 54.5%
📅 Short termThe stock is likely to react positively to the return to profitability and robust revenue growth figures.
📈 Long termThe structural shift towards a larger international footprint and a target of 300+ stores by FY2027 could re-rate the business if profitability is maintained.
⚠ Risk flags
- High employee attrition impacting operational efficiency
- Limited pricing power due to heightened competition
- Execution risks in new international markets like Qatar and Thailand
Key Highlights
Revenue from operations increased 43.4% YoY to ₹328.39 Cr from ₹228.94 Cr.
Standalone PAT turned positive at ₹6.13 Cr vs a loss of ₹16.96 Cr in Q1 FY26.
EBITDA grew 60.3% YoY to ₹54.98 Cr compared to ₹34.29 Cr in the previous year's quarter.
Cost of food and beverages consumed stood at ₹117.99 Cr, approximately 35.9% of revenue.
Basic EPS improved to ₹1.57 from a negative ₹4.34 in the prior year's quarter.
👀 What to Watch
Investors should monitor if this standalone profitability translates to the consolidated entity and track the sustainability of the 16.7% EBITDA margin. Key focus should remain on the execution of the 300+ store target by FY2027 and the performance of new international outlets in Saudi Arabia and Qatar.
UFBL Tax Demand of ₹8.63 Crores Reduced to Nil via Rectification Order
United Foodbrands Limited (formerly Barbeque-Nation Hospitality Limited) has received a Rectification Order from the Deputy Commissioner of Income Tax, Bengaluru, for Assessment Year 2023-24. The order has successfully reduced a previously issued income tax demand and interest amounting to ₹8.63 crores to nil. While the immediate tax liability is resolved, the company intends to appeal a specific transfer pricing adjustment of ₹2.78 crores. This development is a significant relief for the company's cash flow and balance sheet.
Key Highlights
Income tax demand and interest of ₹8.63 crores for AY 2023-24 reduced to nil.
Rectification Order issued under Section 154 of the Income Tax Act, 1961.
Company is no longer liable for the previously demanded tax or interest amounts.
UFBL will continue to appeal a transfer pricing addition to income of ₹2.78 crores.
The order follows an application for rectification filed by the company against the original assessment.
👀 What to Watch
Investors should view this as a positive development that eliminates a significant contingent liability. Monitor the progress of the remaining ₹2.78 crore transfer pricing appeal, though its impact is relatively minor compared to the resolved demand.
UFBL Subsidiaries Amalgamation Approved by NCLT; Appointed Date April 1, 2024
United Foodbrands Limited (UFBL) has received approval from the NCLT Bengaluru Bench for the merger of its subsidiary Blue Planet Foods Private Limited into Red Apple Kitchen Consultancy Private Limited. The order was received on June 2, 2026, following the initial proposal announced in July 2024. The amalgamation is set to be effective from the retrospective appointed date of April 1, 2024. This internal restructuring is aimed at streamlining the group's corporate structure and improving operational efficiencies.
Key Highlights
NCLT Bengaluru Bench approved the Scheme of Amalgamation on May 29, 2026.
Blue Planet Foods Private Limited (Transferor) to merge with Red Apple Kitchen Consultancy Private Limited (Transferee).
The merger is effective from the retrospective appointed date of April 1, 2024.
Both entities involved in the merger are subsidiaries of United Foodbrands Limited.
The scheme becomes effective upon filing the certified order copy with the Registrar of Companies.
👀 What to Watch
Investors should view this as a positive move towards corporate simplification and potential cost optimization. No immediate action is required, but monitor future earnings for improved margins resulting from operational synergies.
UFBL Receives ₹8.63 Crore Income Tax Demand; Company to File Appeal
United Foodbrands Limited (formerly Barbeque-Nation) has been served an Income Tax demand notice of ₹8.63 crores for Assessment Year 2023-24. The demand arises from a ₹2.78 crore transfer pricing adjustment related to royalty income from Associated Enterprises. The company contends that the Assessing Officer failed to credit carry-forward losses of ₹28.30 crores, which would offset the tax liability. UFBL is actively pursuing a rectification application and an appeal against the order.
Key Highlights
Tax demand of ₹8.63 crores (including interest) received from the DCIT, Bengaluru.
Transfer pricing adjustment of ₹2.78 crores made regarding royalty from Associated Enterprises.
Company claims the order ignored ₹28.30 crores in carry-forward losses which should offset the demand.
UFBL is filing an appeal and has submitted a rectification application to the tax authorities.
👀 What to Watch
Investors should monitor the outcome of the rectification application, as the company's claim of substantial carry-forward losses suggests the final liability may be significantly lower or nil. No immediate action is required while the legal process is underway.
United Foodbrands (UFBL) FY26 Revenue Grows 8.6% to ₹13,387 Mn; Targets 400+ Stores by FY30
United Foodbrands Limited (formerly Barbeque-Nation) reported FY26 revenue of ₹13,387 Mn, representing an 8.6% YoY growth and a significant turnaround in Same-Store Sales Growth (SSSG) to 4.7%. The company showed strong momentum in H2 FY26 with an 18.5% revenue growth and an annualized run rate of ₹14,740 Mn. With a current network of 262 restaurants, UFBL has outlined an aggressive expansion plan to reach 400-425 outlets by FY30. Profitability remains healthy with matured restaurant operating margins at 14.4% in Q4 FY26.
Key Highlights
FY26 revenue reached ₹13,387 Mn with a 4-year CAGR of 11.7% and a sharp 18.5% growth in H2 FY26.
SSSG rebounded to 4.7% for the full year, with Q4 FY26 showing a robust 14.4% growth driven by transaction volumes.
Network expanded to 262 outlets across 92 cities, with a long-term target of 400-425 stores by FY30.
International operations delivered superior unit economics with a 26.3% operating margin and 40.5% ROCE.
Digital ecosystem strengthened with 90% of dine-in transactions coming through owned channels and over 9.1 million app downloads.
👀 What to Watch
Investors should monitor the execution of the 400-store expansion plan and the continued recovery in SSSG, which indicates strengthening consumer demand. The high-margin international and premium CDR segments are key value drivers to watch for future earnings growth.
UFBL Q4 FY26: Revenue Up 23.1% with Strong 14.4% SSSG Driven by 43% Volume Growth
United Foodbrands Limited (UFBL) reported a robust Q4 FY26 with consolidated revenue reaching INR 360 crores, a 23.1% YoY increase. Growth was primarily volume-led, with dine-in transactions surging 43% and Same-Store Sales Growth (SSSG) accelerating to 14.4%. While gross margins compressed by 300 bps to 65.5% due to strategic value-led pricing and mix changes, the company achieved operating leverage that improved mature portfolio margins to 14.4%. The company ended the year with 262 restaurants, having added 35 new outlets in FY26.
Key Highlights
Consolidated revenue grew 23.1% YoY to INR 360 crores in Q4 FY26.
Same-Store Sales Growth (SSSG) reached 14.4%, marking the second consecutive quarter of strong growth.
Dine-in transaction volumes grew 43% YoY, with Barbeque Nation India leading at 47% growth.
Added 35 new restaurants in FY26, significantly higher than the 14 net additions in the previous two years combined.
Management expects a 100-200 bps recovery in gross margins in FY27 through procurement and scale benefits.
👀 What to Watch
Investors should view the strong volume-led SSSG as a sign of successful brand repositioning and captive demand strength. Monitor the projected gross margin recovery in upcoming quarters to ensure operating leverage translates into higher bottom-line growth.
UFBL Reports Highest Ever Q4 Revenue of ₹3,604 Million, Up 23.1% YoY
United Foodbrands Limited (formerly Barbeque-Nation Hospitality Limited) reported a strong financial performance for Q4 FY26, with consolidated revenue growing 23.1% YoY to ₹3,604 million. Consolidated Same Store Sales Growth (SSSG) stood robust at +14.4%, driven by a 43.4% increase in dine-in volumes. Pre-IND AS restaurant operating profit grew 23.4% YoY to ₹454 million, maintaining a resilient margin of 12.6%. The company aggressively expanded its footprint by adding 14 new restaurants in Q4, bringing its total network to 262 outlets.
Key Highlights
Consolidated revenue grew by 23.1% YoY to ₹3,604 million in Q4 FY26, marking its highest-ever Q4 revenue.
Consolidated Same Store Sales Growth (SSSG) came in strong at +14.4%, led by a +16.7% SSSG in BBQ India.
Consolidated dine-in volumes grew by 43.4% YoY, while delivery revenue increased by 31.9% YoY.
Pre-IND AS restaurant operating profit increased by 23.4% YoY to ₹454 million, with matured portfolio margins expanding to 14.4%.
Network expanded by 14 new restaurants in Q4 and 35 in FY26, keeping the company on track for its target of 300+ restaurants by FY27.
👀 What to Watch
Investors should view these results positively as the company's strategic pivot to value-driven volume growth is delivering strong operating leverage and offsetting gross margin compression. The aggressive store expansion plan combined with robust digital channel adoption (60.9% transactions via own app) strengthens long-term growth visibility.
United Foodbrands FY26 Revenue Hits ₹10,254 Million; Annual Net Loss Widens to ₹585.6 Million
United Foodbrands Limited (formerly Barbeque-Nation) reported a 4.5% year-on-year growth in annual revenue, reaching ₹10,254.04 million for FY26. However, the company's full-year net loss widened significantly to ₹585.64 million from ₹352.80 million in FY25, primarily due to higher food costs and employee expenses. While the annual performance was weak, the Q4 FY26 results showed a recovery with revenue growing 22% YoY and quarterly losses narrowing to ₹113.54 million compared to ₹212.01 million in the previous year's quarter. Total debt also increased during the year, with borrowings rising to ₹956.73 million.
Key Highlights
Annual revenue from operations grew 4.5% YoY to ₹10,254.04 million in FY26.
Full-year net loss widened to ₹585.64 million compared to a loss of ₹352.80 million in FY25.
Annual EBITDA declined by 17.8% to ₹1,408.65 million from ₹1,713.14 million.
Total borrowings (current and non-current) increased to ₹956.73 million from ₹561.54 million YoY.
Q4 FY26 revenue showed strong growth of 22% YoY, reaching ₹2,782.35 million.
👀 What to Watch
Investors should exercise caution as the company continues to report substantial annual losses and increasing debt levels. While the Q4 revenue growth and narrowing quarterly loss are positive signs, a sustained path to profitability is required before a bullish stance can be taken.
UFBL Shareholders Approve Re-pricing of ESOPs for FY24 and FY25
United Foodbrands Limited (formerly Barbeque-Nation Hospitality Limited) has received shareholder approval via postal ballot for the re-pricing and modification of its 2015 and 2022 Employee Stock Option Plans (ESOPs). The resolutions specifically address options granted during FY 2023-24 and FY 2024-25, adjusting them to ensure they remain effective incentives for employees. All four special resolutions were passed with the requisite majority, as confirmed by the Scrutinizer's report dated March 20, 2026. This move is a strategic step by management to retain key talent by aligning option exercise prices with current market realities.
Key Highlights
Approved re-pricing of ESOPs granted in FY 2023-24 under the 2015 Plan with revised vesting periods.
Approved re-pricing of ESOPs granted in FY 2023-24 and FY 2024-25 under the 2022 Plan.
Shareholders passed special resolutions to modify the terms of both the 2015 and 2022 ESOP schemes.
Resolution 4 (Modification of ESOP 2022) received 84.91% 'For' votes from the public non-institutional category.
The voting process concluded on March 19, 2026, with all resolutions deemed passed on that date.
👀 What to Watch
Investors should monitor the company's employee retention rates and the potential long-term dilution effect of these modified ESOPs. The re-pricing suggests a proactive approach to maintaining workforce morale despite previous stock price volatility.
United Foodbrands Approves ₹10 Crore Loan to Subsidiary Red Apple Kitchen for Expansion
United Foodbrands Limited (formerly Barbeque-Nation) has executed a loan agreement to provide ₹10 Crores to its 89.05% subsidiary, Red Apple Kitchen Consultancy Private Limited. The unsecured loan is intended to fund the subsidiary's capital expenditure and business expansion over a 4-year tenor. The interest rate is set at the company's average bank interest rate plus 0.5%, ensuring the transaction is conducted at arm's length. This move indicates the parent company's commitment to scaling its subsidiary's operations.
Key Highlights
Loan amount of ₹10 Crores granted to 89.05% subsidiary Red Apple Kitchen Consultancy.
Funds specifically earmarked for capital expenditure and business expansion activities.
Unsecured loan structure with a 4-year tenor and interest rate linked to bank rates + 0.5%.
Transaction confirmed as a related party transaction conducted at arm's length.
Promoter and promoter groups have no direct interest in the borrowing entity or the transaction.
👀 What to Watch
Investors should monitor the growth trajectory of Red Apple Kitchen as this capital infusion suggests upcoming capacity or outlet expansion. While the loan amount is relatively small, it reflects the company's strategy to support its subsidiary brands.
UFBL Expands Middle East Footprint with New 60% Owned Subsidiary in Qatar
United Foodbrands Limited (UFBL) has announced the incorporation of a new step-down subsidiary, Barbeque Nation Restaurant W.L.L, in Doha, Qatar. The entity was established through UFBL's Dubai-based wholly-owned subsidiary, Barbeque Nation MENA Holding Limited, which holds a 60% controlling stake. The initial investment for this stake is QAR 120,000 (approximately INR 27.3 Lakhs). This move is part of the company's strategic plan to explore and capture business opportunities in the Qatari food services market.
Key Highlights
Incorporated Barbeque Nation Restaurant W.L.L in Doha, Qatar on February 24, 2026
UFBL's Dubai subsidiary holds 60% shareholding (60 shares) in the new entity
Total cash consideration for the acquisition is QAR 120,000 at QAR 2,000 per share
The new subsidiary will focus on restaurant and mobile food service activities in line with UFBL's core business
👀 What to Watch
Investors should view this as a positive step toward international diversification and scaling the brand in the Gulf region. Monitor the operational rollout and performance of the Qatar business as a lead indicator for further Middle East expansion.
United Foodbrands (UFBL) to Re-price ESOPs from ₹721.40 to ₹173.89 for Employee Retention
United Foodbrands Limited (formerly Barbeque-Nation) has issued a postal ballot notice seeking shareholder approval to re-price employee stock options. The company proposes to reduce the exercise price for 4,04,840 active options under the 2015 Plan from ₹721.40 to ₹173.89 per share. Similar re-pricing is planned for the 2022 Plan for grants made in FY24 and FY25 to align with the current market price. This move aims to restore the incentive value of the options for employees, with a revised three-year vesting period ending in January 2029.
Key Highlights
Proposed re-pricing of 4,04,840 active ESOPs under the 2015 Plan to a revised price of ₹173.89
Original exercise price for these options was ₹721.40, representing a significant ~76% reduction
Revised vesting schedule set for 100% cliff vesting on January 30, 2029, for the re-priced options
Covers ESOP grants made during FY 2023-24 and FY 2024-25 under both 2015 and 2022 schemes
Remote e-voting for shareholders is scheduled from February 18 to March 19, 2026
👀 What to Watch
Investors should note that while this helps in talent retention, it reflects a sharp decline in the company's market valuation and will lead to higher non-cash employee compensation costs. Monitor the impact on future earnings and potential equity dilution.
United Foodbrands Reports Record Q3 FY26 Revenue of ₹377 Cr; SSSG Rebounds to 8.2%
United Foodbrands Limited (formerly Barbeque Nation) delivered its highest-ever quarterly revenue of ₹377 crores in Q3 FY26, marking a 14.5% YoY increase. This growth was underpinned by a strong 8.2% Same-Store Sales Growth (SSSG) and a 26% surge in consolidated dine-in volumes. The international segment performed exceptionally well with 47% YoY revenue growth, while the Premium CDR segment grew by 19.7%. The company successfully expanded its footprint to 249 restaurants, adding 8 new outlets during the quarter despite a challenging macro environment.
Key Highlights
Highest-ever quarterly operating revenue of ₹377 crores, up 14.5% YoY and 23.6% QoQ.
Strong recovery in Same-Store Sales Growth (SSSG) at 8.2% compared to previous negative trends.
Consolidated dine-in volumes grew by 26% and delivery transactions increased by 29% YoY.
International business revenue surged 47% YoY with mature stores delivering high operating margins of 27%.
Reported operating EBITDA stood at ₹68.2 crores with an 18.1% margin, excluding one-time labor code provisions.
👀 What to Watch
Investors should view the strong SSSG turnaround and record volumes as a sign of successful brand repositioning and operational efficiency. The stock remains a key play in the organized dining space as the company scales its high-margin international and premium segments.
UFBL Q3 FY26 Revenue Hits Record ₹3,766 Mn with 8.2% SSSG Recovery
United Foodbrands Limited (formerly Barbeque Nation) reported its highest-ever quarterly revenue of ₹3,766 million in Q3 FY26, representing a 14.5% YoY growth. The company achieved a significant turnaround in Same Store Sales Growth (SSSG) at +8.2%, compared to a 2.0% decline in the same quarter last year. Although the company reported a net loss of ₹77 million, this was largely due to a one-time non-cash provision of ₹134 million for the New Labour Code; adjusted PAT remained positive at ₹93 million. The restaurant network reached 249 outlets, with management targeting 400+ stores by FY30.
Key Highlights
Highest ever quarterly revenue of ₹3,766 million, up 14.5% YoY and 23.6% QoQ.
Consolidated SSSG turned positive at +8.2% driven by a 25% growth in dine-in volumes.
BBQ International segment showed robust growth with revenue increasing 47% YoY.
Added 8 new restaurants in Q3 FY26, taking the total count to 249 across all segments.
Adjusted Operating EBITDA (Pre-IND AS) grew 6.5% YoY to ₹361 million with a 9.6% margin.
👀 What to Watch
Investors should focus on the strong recovery in SSSG and dine-in volumes which indicate a return to growth. The stock remains a watch for execution on its aggressive expansion plan to reach 400 stores by FY30.
United Foodbrands Q3 Revenue Hits ₹3,765.7M; CCO Appointed and ESOPs Re-priced
United Foodbrands Limited (formerly Barbeque-Nation) reported a consolidated revenue of ₹3,765.68 million for Q3 FY26, a significant sequential increase from ₹3,047.57 million in Q2 FY26. The company appointed Amit Wadhera as Chief Culinary Officer, bringing 24 years of experience to lead culinary operations across its restaurant portfolio. A key strategic move includes the re-pricing of ESOPs from FY24 and FY25 to ₹173.89 per option to align with current market prices and ensure talent retention. Additionally, the company is expanding its international footprint with newly incorporated subsidiaries in Thailand.
Key Highlights
Consolidated revenue from operations grew to ₹3,765.68 million in Q3 FY26 from ₹3,047.57 million in the previous quarter.
Amit Wadhera appointed as Chief Culinary Officer to oversee large-scale culinary operations and transitions.
ESOPs granted in FY24 and FY25 re-priced to ₹173.89, matching the NSE closing price on January 29, 2026.
Seven key subsidiaries contributed ₹870.09 million in revenue and ₹24.76 million in net profit for the quarter.
Expansion into Thailand confirmed with the incorporation of two new entities as of December 16, 2025.
👀 What to Watch
Investors should view the sequential revenue growth and the strategic ESOP re-pricing as positive indicators of operational recovery and talent focus. Monitor the progress of the new Thai subsidiaries for future international growth contributions.
United Foodbrands Q3 Revenue Jumps 23.5% QoQ to ₹3,765.7 Mn; Appoints New Chief Culinary Officer
United Foodbrands Limited (formerly Barbeque-Nation) reported a strong sequential performance with revenue from operations rising to ₹3,765.68 million in Q3 FY26, up from ₹3,047.57 million in the previous quarter. The company has appointed industry veteran Amit Wadhera as Chief Culinary Officer to oversee its vast restaurant network. In a move to retain talent, the board approved re-pricing ESOPs to ₹173.89, aligning them with the current market price. Furthermore, the company is expanding internationally with the recent incorporation of two new subsidiaries in Thailand.
Key Highlights
Revenue from operations grew 23.5% sequentially to ₹3,765.68 million in the quarter ended December 31, 2025.
Appointment of Amit Wadhera as Chief Culinary Officer, bringing over 24 years of experience from Marriott, Leela, and The Park.
Board approved re-pricing of ESOPs (2015 and 2022 plans) to an exercise price of ₹173.89 per option.
Expansion into Thailand confirmed with the incorporation of two new subsidiaries on December 16, 2025.
Seven key subsidiaries contributed a combined net profit of ₹24.76 million during the quarter.
👀 What to Watch
Investors should view the strong sequential revenue growth and leadership strengthening as positive indicators of operational recovery. Monitor the impact of ESOP re-pricing on future employee benefit expenses and the progress of the new Thailand venture.
United Foodbrands Promoters Acquire 0.83% Stake; Holding Rises to 34.56%
Promoter group members of United Foodbrands Limited, including Azhar Yusuf Dhanani and others, acquired 3,23,894 shares between November and December 2025. This acquisition represents 0.83% of the company's total paid-up share capital. As a result, the total promoter and promoter group shareholding has increased from 33.73% to 34.56%. Such open market purchases by promoters are generally interpreted as a sign of confidence in the company's long-term value.
Key Highlights
Promoter group acquired 3,23,894 shares representing 0.83% of the paid-up capital
Total promoter holding increased from 33.73% (1,31,85,644 shares) to 34.56% (1,35,09,538 shares)
Acquisitions were made by Mr. Azhar Yusuf Dhanani, Zuber Yusuf Dhanani, and Ms. Anisha Raoof Dhanani
The transactions took place during the period between November 2025 and December 2025
👀 What to Watch
Investors should take this as a positive signal of promoter commitment, though the overall holding remains below 50%. It is advisable to monitor if the promoters continue to increase their stake in subsequent months.
United Foodbrands (UFBL) Acquires Two Thai Entities to Expand in South East Asia
United Foodbrands Limited, through its Dubai-based subsidiary Barbeque Nation MENA Holding, has acquired two newly incorporated entities in Thailand to spearhead its South East Asian expansion. The company acquired a 99.99% stake in a holding entity for THB 1,999,900 and a 90.57% voting control in an operating entity for THB 980,000. These entities will focus on setting up and operating restaurants and providing food service consultancy in the region. This move marks a strategic entry into the Thai market, aligning with the company's international growth objectives.
Key Highlights
Acquired 99.99% stake in United Foodbrands Thai Holding Co., Ltd. for THB 1,999,900
Acquired 90.57% voting control in United Foodbrands Thai Co., Ltd. for THB 980,000
Both target entities are newly incorporated as of November 2025 and will serve as Step-Down Subsidiaries
Strategic focus on exploring food service and restaurant opportunities in Thailand and South East Asia
👀 What to Watch
Investors should view this as a positive long-term growth move into a high-potential market, though the immediate financial impact is limited due to the small initial investment. Monitor future updates regarding restaurant launches and capital expenditure plans in the Thai market.
