Speciality Restaurants Limited, renowned for its fine dining chains including Mainland China, Asia Kitchen by Mainland China, Oh! Calcutta, and more, has announced robust financial results for the quarter ended June 30, 2024.

On a consolidated basis, the company achieved a Total Income of ₹111.52 crores, EBITDA of ₹24.35 crores, and PAT of ₹7.64 crores for Q1FY25. Notably, the Total Comprehensive Income for the quarter stood at ₹7.66 crores.

In standalone results, Speciality Restaurants reported a Total Income of ₹105.52 crores for Q1FY25, reflecting a 7.47% increase from ₹98.19 crores in Q1FY24. The EBITDA grew by 13.34% to ₹23.28 crores, up from ₹20.54 crores, while PAT rose to ₹7.15 crores from ₹6.29 crores. The Total Comprehensive Income also saw a rise to ₹7.16 crores from ₹6.21 crores.

Commenting on the company's performance, Mr. Anjanmoy Chatterjee, Chairman & Managing Director of Speciality Restaurants Limited, stated, “We continue to focus on our Oriental Brands and are excited about the recent openings of Asia Kitchen by Mainland China at Phoenix Mall of Millennium and Amanora Mall in Pune. Additionally, the renovated Haka restaurant at City Centre Kolkata has also reopened. We expect these new and renovated outlets to break even early and significantly enhance our profits.”

Chatterjee further noted the company’s ongoing efforts to control costs amid inflation, contributing to improved gross margins. The company plans to open 3-4 new restaurants in the coming quarters, further strengthening its market presence.

About Speciality Restaurants:

With over 30 years in the industry, Speciality Restaurants operates a diverse range of restaurants and confectionaries across India, UAE, Oman, and the UK. Its flagship brand, Mainland China, is known for authentic Chinese cuisine, while Asia Kitchen by Mainland China offers a pan-Asian dining experience. Other core brands include Oh! Calcutta, Sigree-Global Grill, and Sweet Bengal. As of June 30, 2024, the company operates 70 restaurants, 42 confectionary stores, and 13 cloud kitchens in India, alongside international outlets in UAE, Oman, and London.

Cautionary Statement:

This press release contains forward-looking statements reflecting the company’s strategies, objectives, and plans based on current assumptions. While the company believes these assumptions to be reasonable, actual outcomes may differ and cannot be guaranteed.