Even from a fundamental perspective, the Q1 results of Speciality restaurants were very encouraging. They have closed their loss making outlets and converted them into cloud kitchens. Management intends to go slow wrt further expansion. They are unlikely to repeat the mistakes of the past.
If the Q1 performance sustains over the next 3 Qtrs ( Q1 NP was Rs 15 cr ), it may end up with a net profit of Rs 60 cr for FY 23. That sounds like a very good deal for a retail chain trading at a mkt cap of less than 1200 cr.
Just my 2 cents !!!
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