The company has temporarily suspended the operations of Sigree Global Grill restaurant located at Bengaluru with effect from May 2, 2016.
According to Anjan Chatterjee of Speciality Restaurants the third quarter showed a marked improvement after many sluggish quarters.
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.
In Q2FY14, we have added two new restaurants, and will open more till the end of this financial year, says Rajesh Kumar Mohta, CFO, Specialty Restaurants.
Speciality Restaurants opened 14 new stores last year, but its same store sales growth remained flat in this quarter.