UFBL
United Foodbrands share price & financials
- Price
- ₹701.9
- Market cap
- ₹3.2k Cr
- Sector
- Consumer Services
- Calls analysed
- 6
United Foodbrands Limited Q1 FY27
What went well
- Consolidated revenue grew 43.4% year-on-year to INR426 crores, marking the strongest operating quarter in recent years.
- Consolidated same-store sales growth (SSSG) was 28.7%, with dine-in transaction volumes increasing by 63.5% year-on-year.
- Pre-Ind AS adjusted operating EBITDA margin improved to 8.1%, reflecting a 152% year-on-year growth, driven by operating leverage.
What to watch
- International segment gross margin was softer due to Middle East crisis-related inflation, impacting Q1 restaurant operating margin.
- SSSG is expected to moderate as the year progresses due to stronger comparatives, though management views this as a mathematical consequence.
What United Foodbrands Limited does
United Foodbrands (formerly Barbeque-Nation Hospitality) operates a multi-brand restaurant platform built around Barbeque Nation, its signature 'over-the-table' all-you-can-eat live-grill casual-dining format, alongside Italian dining brand Toscano, upscale a-la-carte Indian brand Salt, and delivery-only kitchen brands UBQ and Dum Safar (biryani). It earns revenue per guest visit or order across two channels — dine-in at its restaurants and delivery routed through its own app/website as well as third-party food-aggregator platforms. The business is organised and reported across three segments: Barbeque Nation India, Barbeque Nation International, and Premium CDR (casual dining restaurants, covering Toscano and Salt).
Segments
- Barbeque Nation India
- Barbeque Nation International
- Premium CDR
- Total restaurant network
- 262 restaurants (as of Mar-2026)
- Barbeque Nation India restaurants
- 207
- Premium CDR restaurants (Toscano + Salt)
- 42
- Barbeque Nation International restaurants
- 13
- Restaurants in Metros & Tier-I cities
- 207
- Restaurants in Tier-II & Tier-III cities
- 55
Guidance record · Q1 FY27
what the last two calls moved 15 tracked 2 delivered 3 missed 10 open- New Store Openings delivered said Q4 FY25 Promised: 35 to 40 this year [FY26] Q1 FY27: Promise concluded and achieved in FY26.
- Net Debt missed said Q1 FY26 Promised: 80 to 90 crores by end of the year Q1 FY27: Promise concluded and missed in FY26. Net debt stood at ₹106 cr at Q1 FY27 end.
- Consolidated Gross Margin at risk said Q2 FY26 Promised: stabilize between 67%-68% range going forward Q1 FY27: Improved 30 bps sequentially to ~65.8%, but remains below the 67%-68% target range.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 43.4%, net profit up 113.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 306 | 329 | 293 | 297 | 305 −0% | 377 +14% | 360 +23% | 426 +43% |
| EBITDA | 46 | 62 | 53 | 46 | 38 −17% | 55 −11% | 54 +2% | 70 +52% |
| Net profit | -7 | 5 | -21 | -17 | -22 −216% | -8 −252% | -15 +27% | 2 +114% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +169.4% 1Y
1Y: ₹259.45 on 10 Sept 2025 → ₹698.85. High ₹837.95 (24 Aug 2026), low ₹173.89 (29 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- +1.6%
- 11 Aug
- Q4 FY26
- +20.0%
- 20 May
- Q3 FY26
- −1.8%
- 5 Feb
- Q2 FY26
- −1.2%
- 11 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 3.3% a year over 2 years, FY24 to FY26. Operating margin narrowed to 14.4%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1.3k Cr | ₹1.2k Cr | ₹1.3k Cr |
| Operating profit | ₹212 Cr | ₹211 Cr | ₹193 Cr |
| Operating margin | 16.9% | 17.1% | 14.4% |
| Interest | ₹76 Cr | ₹78 Cr | ₹86 Cr |
| Depreciation | ₹168 Cr | ₹176 Cr | ₹190 Cr |
| Net profit | ₹-11 Cr | ₹-27 Cr | ₹-62 Cr |
| Net margin | -0.9% | -2.2% | -4.6% |
| Cash from operations | ₹221 Cr | ₹193 Cr | ₹223 Cr |
| Free cash flow | ₹133 Cr | ₹112 Cr | ₹94 Cr |
| ROCE | 6.0% | 5.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹17 Cr | ₹19 Cr | ₹19 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹227 Cr | ₹367 Cr | ₹382 Cr | ₹373 Cr | ₹308 Cr | ₹291 Cr |
| Borrowings | ₹603 Cr | ₹610 Cr | ₹684 Cr | ₹686 Cr | ₹826 Cr | ₹885 Cr |
| Other liabilities | ₹291 Cr | ₹145 Cr | ₹173 Cr | ₹198 Cr | ₹208 Cr | ₹242 Cr |
| Total liabilities | ₹1.1k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.4k Cr |
| Fixed assets | ₹732 Cr | ₹872 Cr | ₹1.0k Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.2k Cr |
| Capital work in progress | ₹6 Cr | ₹21 Cr | ₹27 Cr | ₹5 Cr | ₹11 Cr | ₹14 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹400 Cr | ₹248 Cr | ₹220 Cr | ₹237 Cr | ₹247 Cr | ₹263 Cr |
| Total assets | ₹1.1k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −2.70 pp while the public added +1.43 pp. The shareholder count shrank 20% to 31,896.
- Promoters
- 34.6%
- FIIs
- 10.6%
- DIIs
- 17.2%
- Public
- 37.6%
Since Jun 2025
- DIIs −2.70 pp
- Public +1.43 pp
- Promoters +0.88 pp
How it drifted, 12 quarters
Over this window the public went from 23.0% to 37.6% — +14.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 33.8%, FIIs 18.1%, DIIs 25.1%, Public 23.0%.Dec '23: Promoters 33.7%, FIIs 17.8%, DIIs 25.2%, Public 23.3%.Mar '24: Promoters 33.7%, FIIs 16.9%, DIIs 24.4%, Public 25.0%.Jun '24: Promoters 33.7%, FIIs 17.5%, DIIs 23.1%, Public 25.7%.Sep '24: Promoters 33.6%, FIIs 15.2%, DIIs 25.7%, Public 25.6%.Dec '24: Promoters 33.5%, FIIs 12.8%, DIIs 25.9%, Public 27.7%.Mar '25: Promoters 33.7%, FIIs 10.5%, DIIs 21.5%, Public 34.3%.Jun '25: Promoters 33.7%, FIIs 10.1%, DIIs 19.9%, Public 36.2%.Sep '25: Promoters 33.7%, FIIs 9.7%, DIIs 18.6%, Public 38.0%.Dec '25: Promoters 34.6%, FIIs 9.3%, DIIs 16.8%, Public 39.3%.Mar '26: Promoters 34.6%, FIIs 9.7%, DIIs 16.7%, Public 39.0%.Jun '26: Promoters 34.6%, FIIs 10.6%, DIIs 17.2%, Public 37.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Kotak Mahindra Trustee Co Ltd A/C Kotak Consumption Fund Mutual fund newly disclosed 2.78% held
- Hara Global Capital Master Fund I Ltd FPI fund newly disclosed 1.26% held
- Kaushik Mayachand Mehta . newly disclosed 1.05% held
- Old Bridge Focused Fund Mutual fund +0.08 pp 3.53% held
- Suman Aggarwal newly disclosed 0.00% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of United Foodbrands Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sayaji Housekeeping Services Limited | 29.69% | unchanged |
| Jubilant Foodworks Ltd | 9.34% | unchanged |
| UTI-Flexi Cap Fund Mutual fund | 6.63% | −0.27 pp |
| Massachusetts Institute Of Technology Endowment | 4.05% | unchanged |
| Old Bridge Focused Fund Mutual fund | 3.53% | +0.08 pp |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Consumption Fund Mutual fund | 2.78% | newly disclosed |
| Xponentia Opportunities Fund I VC / PE | 1.39% | unchanged |
| Nisarg Ajaykumar Vakharia | 1.28% | unchanged |
| Saba Raoof Dhanani | 1.27% | unchanged |
| Enigma Small Opportunities Fund AIF | 1.26% | −0.69 pp |
| Hara Global Capital Master Fund I Ltd FPI fund | 1.26% | newly disclosed |
| Zuber Yusuf Dhanani | 1.15% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse United Foodbrands Limited
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