Barbeque-Nation Hospitality said on Tuesday it has acquired a 42.36% stake in Willow Gourmet Pvt Ltd as part of its plan to acquire up to 51% of the company.The deal follows an earlier agreement signed on Feb. 3, the company said in a regulatory filing.
“In continuation to our intimation dated February 3, 2025, intimating the execution of SharecSubscription Agreement and Shareholders’ Agreement to acquire upto 51% of equity shareccapital of Willow Gourmet Private Limited (hereinafter “WGPL”) by Barbeque-Nation Hospitality Limited (the “Company”), and pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has partly completed the aforesaid acquisition and has acquired 42.36% on March 11, 2025,” the company said in an exchange filing.
The acquisition aims to strengthen Barbeque-Nation’s presence in the premium dining segment.The company made a profit of ₹4.53 crore in the quarter ended December 31, 2024, marking a positive turnaround after experiencing losses in the preceding three quarters. The net profit margin for the quarter was 1.35%.
“In continuation to our intimation dated February 3, 2025, intimating the execution of SharecSubscription Agreement and Shareholders’ Agreement to acquire upto 51% of equity shareccapital of Willow Gourmet Private Limited (hereinafter “WGPL”) by Barbeque-Nation Hospitality Limited (the “Company”), and pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has partly completed the aforesaid acquisition and has acquired 42.36% on March 11, 2025,” the company said in an exchange filing.
The acquisition aims to strengthen Barbeque-Nation’s presence in the premium dining segment.The company made a profit of ₹4.53 crore in the quarter ended December 31, 2024, marking a positive turnaround after experiencing losses in the preceding three quarters. The net profit margin for the quarter was 1.35%.
Barbeque Nation’s revenue for the quarter reached ₹334.41 crore. In the year ending March 31, 2024, the company spent 6.05% of its operating revenues towards interest expenses and 22.34% towards employee cost.
Shares of the company ended 2.3% lower at ₹275.50 on Wednesday.
First Published: Mar 12, 2025 2:49 pm IS
