Moneycontrol PRO

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
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.



Outlook


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

Close

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Barbeque Nation Hospitality - 020822 - moti

Broker Research
first published: Aug 4, 2022 06:15 pm
Sections
ISO 27001 - BSI Assurance Mark