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Neutral Barbeque Nation Hospitality; target of Rs 1300: Motilal Oswal

Motilal Oswal recommended Neutral rating on Barbeque Nation Hospitality with a target price of Rs 1300 in its research report dated August 01, 2022.

August 04, 2022 / 06:15 PM IST
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Motilal Oswal's research report on Barbeque Nation Hospitality

The first normal quarter for BARBEQUE after the lifting of COVID-related restrictions witnessed a strong performance in dine-in, led by realization and covers. Delivery fell ~6% QoQ, especially in the Box product. While the second quarter is usually subdued, the recovery momentum in dine-in is likely to result in healthy earnings in 3Q and 4QFY23.


Valuations are fair at 18.2x FY24E pre Ind AS 116 EV/EBITDA. We maintain our Neutral rating.


For all recommendations report, click here

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Barbeque Nation Hospitality - 020822 - moti

Broker Research
first published: Aug 4, 2022 06:15 pm
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