Company Overview
United Foodbrands Limited (formerly Barbeque-Nation Hospitality Limited) reported its FY26 financial results and announced its 20th Annual General Meeting scheduled for September 10, 2026. The company operates casual dining restaurant chains with 262 outlets globally (249 in India, 13 international).
Financial Performance
Consolidated revenue grew 8.6% to ₹13,387.02 million, driven by international revenue growth of 28.2% to ₹1,247 million and premium CDR revenue growth of 19.4% to ₹1,909 million. However, net loss widened significantly to ₹619.11 million from ₹270.36 million in FY25, primarily due to increased marketing and expansion costs. Key expenses included cost of food and beverages (₹4,498.34 million), employee benefits (₹3,229.86 million), and finance costs (₹860.40 million).
Balance Sheet and Capital Structure
Total assets stood at ₹14,373.39 million, with property, plant and equipment of ₹4,340.78 million and right-of-use assets of ₹6,170.47 million. Total borrowings increased 41.4% to ₹1,344.29 million, while lease liabilities amounted to ₹7,508.38 million. The gearing ratio deteriorated to 73.48% from 67.13% in FY25.
Operational Highlights
The company expanded its network by 35 new restaurants and strengthened digital channels, with 60.9% of dine-in transactions processed through owned platforms. Delivery revenue grew 31.9% in Q4 FY26, and cumulative app downloads reached 9.1 million.
Corporate Actions and Developments
The company completed the acquisition of Willow Gourmet Private Limited (ice-cream brand 'Omm Nom Nomm'), recognizing ₹103 million in goodwill. ESOPs were repriced twice during the year, with exercise prices adjusted to ₹173.89 per option. Implementation of new Labour Codes resulted in additional provisions of ₹55.13 million for gratuity and ₹19.58 million for long-term compensated absences.
AGM Agenda and Governance
The 20th AGM will be held virtually on September 10, 2026, with agenda items including adoption of financial statements and re-appointment of directors Azhar Yusuf Dhanani and Rahul Agrawal. Remote e-voting will be available from September 7-9, 2026 through CDSL platform.
Auditor's Report and Compliance
S.R. Batliboi & Associates LLP issued an unqualified opinion on both standalone and consolidated financial statements, confirming adequate internal financial controls. The secretarial audit report contained no qualifications, and the company has complied with all SEBI Listing Regulations and Companies Act requirements.
Subsidiaries and Related Parties
Material subsidiaries include Red Apple Kitchen Consultancy Private Limited (89.05% holding) and Barbeque Nation MENA Holding Limited (100% holding). Related party transactions totaled ₹203.17 million in purchases and ₹40.68 million in rent expenses.