Barbeque Nation Hospitality Limited has informed the Exchange regarding Outcome of Board Meeting held on July 31, 2025.
UFBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Barbeque-Nation Hospitality Limited's board, at its July 31, 2025 meeting, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, revenue from operations stood at Rs. 2,969.81 million, slightly down from Rs. 3,056.89 million in Q1 FY25, while the company reported a wider net loss of Rs. 166.75 million versus Rs. 43.44 million a year ago, with a loss per share of Rs. 4.20. The board also approved changing the company's name to 'United Foodbrands Limited' (subject to shareholder, MCA and other approvals) and re-appointed Mr. Rahul Agrawal as CEO & Whole-Time Director for five years from December 31, 2025. Additionally, Mr. Vipul Goel was appointed as Chief Operating Officer and Mr. Parameshwar G Bhat as Secretarial Auditor for five years. The results also note the completion of the 51% acquisition of ice-cream brand 'Omm Nom Nomm' (Willow Gourmet), making it a subsidiary, and a proposed amalgamation between two of its subsidiaries.
Shareholders should note that the company is reporting widening quarterly losses despite stable revenue, with a major restructuring underway including a name change and completed acquisition of an ice-cream brand, signaling a diversification move beyond the Barbeque Nation restaurant business. The name change and continued losses may create short-term uncertainty for the stock, while the management changes indicate continuity at the top with the existing CEO being re-appointed.