United Foodbrands Limited
Current Price
₹405.45
As of 20 May 2026
Market Cap
₹1.42K Cr
As of 20 May 2026
Q3-Q4 FY26 broke 8 negative SSSG quarters; profitability still under reinvestment
Report updated: 2026-05-20
United Foodbrands Limited
India's largest barbeque-themed restaurant chain — Q3-Q4 FY26 broke 8 negative SSSG quarters; profitability still under reinvestment. Renamed from Barbeque-Nation Hospitality to United Foodbrands between Aug-Nov 2025 to reflect a multi-brand platform (BBQ Nation + Toscano + SALT + UBQ + Dum Safar + Willow Gourmet ice cream). FY26 closed at Revenue Rs.1,338.7 Cr (+8.6% YoY), EBITDA Rs.193 Cr (14.4% margin, down from 17.1% FY25), PAT loss widened to Rs.62 Cr from Rs.27 Cr FY25 — deliberate reinvestment in marketing and group offers to drive transactions. 262 stores end-FY26 (+35 net adds vs +13 FY25). Q4FY26 SSSG +14.4%, dine-in volume +43.4% YoY. CMP Rs.384 / mkt cap Rs.1,502 Cr.
Rs.384
Share price (20 May 2026)
Rs.1,502 Cr
Market cap
Rs.1,338.7 Cr
FY26 revenue (+8.6% YoY)
Rs.(62) Cr
FY26 PAT (loss widened from Rs.(27) Cr FY25)
Rs.193 Cr
FY26 EBITDA (14.4% margin, vs 17.1% FY25)
34.60%
Promoter holding (Mar 2026)
Stock Funda Summary
- United Foodbrands Limited (NSE: UFBL / BSE: 543283 — formerly Barbeque Nation Hospitality Limited, renamed between Aug-Nov 2025) operates India's largest single-brand barbeque-themed restaurant chain (Barbeque Nation) + premium concepts SALT and Toscano + cloud-kitchen ice cream brand Omm Nom Nomm (via 51% Willow Gourmet acquisition Q1FY26 for Rs.17 Cr). 262 stores end-FY26 (207 BBQ India + 13 International + 42 Premium CDR), +35 net adds FY26 vs +13 FY25.
- FY26 audited: Rev Rs.1,338.7 Cr (+8.6% YoY), EBITDA Rs.193 Cr (14.4% margin — compressed from 17.1% FY25), PAT Rs.(62) Cr (loss widened from Rs.(27) Cr FY25).
- Management deliberately reinvested in marketing + group offers to drive transaction growth — operating leverage thesis hinges on FY27.
- SSSG inflection real: 8 consecutive negative quarters (Q3FY24 to Q2FY26) broke in Q3FY26 (+8.2%) and Q4FY26 (+14.4%, BBQ India +16.7%, dine-in volume +43.4% YoY).
- International is highest-margin engine: FY26 Rev Rs.124.7 Cr (+28.2%), mature ROM 27%+. 4 new countries entered FY26 incl. first Saudi Arabia (Riyadh).
- Premium CDR (Toscano + SALT) FY26 Rs.190.9 Cr (+19.4%), mature ROM 18.4%.
- Dhanani family promoter (Sayaji Hotels group); promoter holding 33.72% Mar-25 → 34.60% Mar-26.
- ICRA A (Stable) / A2+ reaffirmed 31-Mar-2025 on Rs.70.5 Cr facilities.
- Governance flag: ID Ajay Nanavati resigned May-25 explicitly citing 'Company's strategies were not aligned with his expertise'.
- Sayaji-group RPT Rs.18.4 Cr FY25 purchases + Rs.4.3 Cr rent.
- Target: 300+ stores by FY27, 400-425 by FY30.