Speciality Restaurants is aiming to clock revenue of Rs 1,000 crore in the next five years with technology intervention and brand refresh. The multi-brand restaurant chain's standalone net profit in the first half of (April-September) FY23 stood at Rs 27.67 crore from a turnover of Rs 195 crore, recovering from Covid pandemic headwinds.
The company also plans to ramp up delivery through cloud kitchens and 'kitchen within kitchen' set-up, as well as leverage its brand equity to migrate into FMCG ready-to-eat formats. Moreover, Speciality Restaurants will launch a QSR (Quick Service Restaurant) brand and plans to set up two-three outlets in each metro city and one or two in Tier II cities.
Speciality Restaurants is primarily engaged in the business of operating restaurant outlets / sweet shops.
