
United Foodbrands Ltd Q4 FY24 Earnings Call Analysis
Revenue, margin, capex, fundraise and order book outlook from management commentary.
Management growth scorecard
Revenue
Category 3
Margin
Category 3
Fundraise
N/A
Order
N/A
Capex
Yes
1 of 3 growth signals are positive — mixed outlook.
Full analysisRevenue guidance
Category 3- FY'25 planned addition of 25 to 30 new restaurants across brands, including 15 in Barbeque Nation India, 3 internationally, 6 Toscano, and 3 Salt.
- Target to maintain delivery business contribution at around 15-16%, with steady growth.
- Same-store sales growth (SSSG) expected to be positive around 2-3% in FY'25; aiming for 5-7% SSSG in FY'26.
- Overall sales growth supported by both delivery and dine-in, with delivery currently growing faster.
- Broader geographical and brand expansion expected to drive revenue, including international markets cautiously.
- Network expansion of 100 new stores over the next 3 years planned.
- Emphasis on improving guest experience and optimizing pricing without major pan-India hikes to drive volume growth.
- Gross margin sustainable at 68-69%, supporting healthy revenue growth.
See what United Foodbrands Ltd management said on margin guidance — free account, 30 seconds.
Fundraise plans
See what United Foodbrands Ltd management said on order book — free account, 30 seconds.
Capex plans
Yes- FY'25 Capex expected around INR 100 crores.
- Capex breakdown:
- - Around INR 75 crores towards opening 25 new stores.
- - INR 15-18 crores for maintenance capex and refurbishments.
- - INR 8-10 crores for corporate-level expenditures.
- New stores planned:
- - 15 Barbeque Nation India restaurants.
- - 3 international restaurants.
- - 6 Toscano restaurants.
- - 3 Salt restaurants.
- Network expansion plan: 25-30 new restaurants in FY'25.
- Over the next 3 years, plan to open 100 new stores.
- Relocations and revamps continue selectively, with about 3-4 relocations annually; revamps for stores over 6-7 years old.
- Capex per new Indian store approximately INR 3 crores; international stores have higher capex requirements.
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What United Foodbrands Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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