SSGR is -2.5% this quarter – q4 fy 22-23
Closed 8 restaurants this year
Added 39 restaurant this year
Planning to add 20 more restaurant next year
Good margin in toscano and overseas restaurant
The delivery business is shrinking which I think is on the expected line
Crosses 1000 cr revenue mark
The main problem which is worry for me is: Closing of the restaurant and their SSGR
which shows the business is no longer unique
On a side note if they don’t close a store in the next 3 years and add 40 stores and shows an average SSGR of 5% they can make an EBITDA of around 400 crore ( Just done back of-envelope calculation might be wrong)
Taken a tracking position 3 months back no new transaction
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