Speciality Restaurants Ltd

Speciality Restaurants Expands with New Openings & Strong Margins 🍽️📈

- New Asia Kitchen Mainland China opened in Chandigarh; Episode 1 (Thane) converted to Siciliana

- Plans to open 8-10 new restaurants (2,500-3,000 sq ft) in next 12 months

- Focus on Oriental cuisine & Italian (Siciliana) formats for growth

- Sweet Bengal & Walter’s Burger (expanding in Mumbai) remain key QSR brands

- Capital work reduced from ₹32cr to ₹13.22cr due to asset capitalization

- Cash reserves: ₹157.42cr (invested in mutual funds/INVITs)

- SSSG improved to +1.39% from -1.31% last quarter

- Delivery contributes 25% of revenue; aggregator spends steady at 5%

- Gross margins up to 70.4% YoY (from 69.3%); EBITDA margins (operational) at 7.1% (from 6.2%)

- No new brand experiments; consolidating existing formats

- New CEO appointment expected in ~2 months