Chourangi opened near Hyde Park in October 2021. Some of the main chefs at the Bengali food restaurant in London are from Kolkata.
Speciality Restaurants is looking at smaller format to help reduce manpower costs, electricity cost and other indirect cost. The company is in the process of revamping Mainland China and changing its name to Asia Kitchen by Mainland China.
The government has said that paying service charge on food bill is not compulsory and customers can choose to have it waived if not satisfied with the experience. In an interview to CNBC-TV18, Anjan Chatterjee, Founder & MD of Speciality Restaurants shared his views on this particular directive from the government.
Watch the interview of Anjan Chatterjee Founder & MD of Speciality Restaurants with Farah Bookwala Vhora on CNBC-TV18, in which he shared his views on his personal life and the road ahead for the restaurant.
Anjan Chatterjee, founder and MD of Speciality Restaurants says the fourth quarter so far is panning out to be flattish since discretionary spends are not very encouraging
Anjan Chatterjee, Founder and MD, Speciality Restaurants says the restaurant in Doha is about to start while the one in London- oh Calcutta- is still stranded as the UK government is not allowing people and Indian grown cooks to work there.
On March 4, 2015 Paradice Global Small Mid Cap Fund bought 10,53,405 shares of Speciality Restaurants at Rs 171.
According to Anjan Chatterjee of Speciality Restaurants the third quarter showed a marked improvement after many sluggish quarters.
L And T Equity Fund bought 11,38,267 shares of Speciality Restaurants at Rs 175.
The company, for the quarter ended September, reported a net profit of Rs 2.4 crore versus Rs 4 crore for a year ago period.
The company's revenues for the December quarter grew 18 percent to Rs 77.2 crore, and operating profit (EBITDA) grew 8 percent to Rs 13.67. However, net profit was flat at Rs 6.69 crore.
Speciality Restaurants opened 14 new stores last year, but its same store sales growth remained flat in this quarter.
Fine dining operator Speciality Restaurants' initial public offer has been subscribed 2.49 times so far on final day, as per data available on NSE website. Maximum bids for the issue were seen in the range of Rs 146-150 a share as against price band of Rs 146-155.
The managing director of Specialty Restaurants Anjan Chatterjee tells CNBC-TV18 that they expect their IPO to suceed despite the poor market conditions.
Last 6-7 months have not been very good for initial public offerings. Seven public offers hit the street since November. But barring MT Educare, most others are trading well below their issue price.
Speciality Restaurants will test the markets this week with its planned initial public offering of shares to raise around Rs 182 crore (at the higher end of its price band).