Speciality Restaurants Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Speciality Restaurants Ltd filed with BSE on 26 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Speciality Restaurants reported Q4 FY26 revenue growth of 13.65% year-on-year with profit after tax rising 44.20%, supported by gross margin improvement from 69.1% to 70.4%. Same-store sales growth was 2.25% for the quarter and 1.49% for the full year, while management said April same-store sales growth had risen sharply to 11.57%. Management also discussed a company-wide shift toward electric induction cooking in response to LPG and PNG supply constraints, and outlined plans to open 32 new outlets in FY27.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Revenue growth: 13.65% (Q4 FY26 YoY)
p. 3
“Revenues during the quarter have grown by 13.65% over the quarter of the last year, year-on-year basis, with profit after tax increasing by 44.20%.”
Rajesh Kumar Mohta, page 3 of the filed PDF · View the filing
PAT growth: 44.20% (Q4 FY26 YoY)
p. 3
“Revenues during the quarter have grown by 13.65% over the quarter of the last year, year-on-year basis, with profit after tax increasing by 44.20%.”
Rajesh Kumar Mohta, page 3 of the filed PDF · View the filing
Same-store sales growth: 2.25% (Q4 FY26)
p. 3
“The improvement in profitability is supported by same-store sales growth witnessed during the quarter, which had been 2.25% in the quarter compared to the previous year.”
Rajesh Kumar Mohta, page 3 of the filed PDF · View the filing
Gross margin: 70.4% (Q4 FY26)
p. 3
“the gross margins for the company have improved from 69.1% to 70.4%, which has aided the improvement in the profitability”
Rajesh Kumar Mohta, page 3 of the filed PDF · View the filing
Revenue CAGR: 12.39% (5 years)
p. 3
“we have done a CAGR of 12.39% on revenues over the last 5 years with a CAGR of 11.16% on PAT for the 5 years period”
Rajesh Kumar Mohta, page 3 of the filed PDF · View the filing
Same-store sales growth: 1.49% (FY26)
p. 5
“As I mentioned earlier, sir, the SSG for Q4 was 2.25%, and for the year round, it is 1.49%.”
Rajesh Kumar Mohta, page 5 of the filed PDF · View the filing
Same-store sales growth: 11.57% (April)
p. 5
“Just to inform yourself, in the month of April, we have an SSG of 11.57%.”
Rajesh Kumar Mohta, page 5 of the filed PDF · View the filing
Price hike: 4% (FY26)
p. 7
“we've just taken a 4% price rise because of the reasons that we don't want to -- the customers also actually burden, and we are in a discretionary spend area”
Anjan Chatterjee, page 7 of the filed PDF · View the filing
Cash on books: INR 162.48 crores (as of March end)
p. 14
“Sir, INR 162.48 crores.”
Rajesh Kumar Mohta, page 14 of the filed PDF · View the filing
Net cash: INR 103 crores (as of March end)
p. 14
“So this is the cash which is there as treasury investment, sir, the net cash would be INR 103 crores.”
Rajesh Kumar Mohta, page 14 of the filed PDF · View the filing
Total store count: 121 (as on 31st March)
p. 16
“Sir, we are 121 as on 31st March.”
Rajesh Kumar Mohta, page 16 of the filed PDF · View the filing
LPG-independent restaurant share: 78% (current)
p. 9
“as we talk, 78% of our whole restaurant chain that includes the new restaurant chain called Siciliana, that's Italian is now not run by fuel”
Anjan Chatterjee, page 9 of the filed PDF · View the filing
Induction wok capex: INR 1.12 crores (since 4th March)
p. 14
“So we have already spent almost like INR 1.12 crores on inductions wok, which Mr. Anjan indicated from the 4th of March till date.”
Rajesh Kumar Mohta, page 14 of the filed PDF · View the filing
Rental outlay: INR 73-74 crores (FY26)
p. 11
“the total outlay on rental outflow would be roughly around INR 73 crores, INR 74 crores”
Rajesh Kumar Mohta, page 11 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
LPG/PNG independence — 100% · 20 days
stated firmly by Anjan Chatterjee
p. 9
“We are going to 100% in exactly 20 days.”
Anjan Chatterjee, page 9 of the filed PDF · View the filing
New store openings — 8 new restaurants, 15 new Walters and 10 new Sweet Bengals · FY27
stated firmly by Avik Chatterjee
p. 12
“In fact, this year itself, we have scheduled to launch 8 new restaurants, 15 new Walters and 10 new Sweet Bengals.”
Avik Chatterjee, page 12 of the filed PDF · View the filing
Capex for new restaurants — INR 37 crores · FY27
stated firmly by Avik Chatterjee
p. 12
“INR 32 crores approximately for the restaurants and rest around INR 5 crores for the QSR and confectionery.”
Avik Chatterjee, page 12 of the filed PDF · View the filing
Total capex including renovations — INR40 crores · FY27
stated firmly by Rajesh Kumar Mohta
p. 5
“This would be INR40 crores.”
Rajesh Kumar Mohta, page 5 of the filed PDF · View the filing
Revenue growth — 15% · FY27
stated firmly by Avik Chatterjee
p. 13
“Yes, sir. Maybe more.”
Avik Chatterjee, page 13 of the filed PDF · View the filing
Revenue target — INR700 crores · March 28
stated conditionally by Anjan Chatterjee
p. 13
“Absolutely right, subject to Mr. Trump's behavior.”
Anjan Chatterjee, page 13 of the filed PDF · View the filing
EBITDA growth — 15%-16% · FY27
stated conditionally by Rajesh Kumar Mohta
p. 14
“So we would be able to improve to the extent of 15%, 16% over a percentage increase on EBITDA numbers with the increase in revenues because of the front-end cost of the new restaurants, which would continue to open over the next 2 years.”
Rajesh Kumar Mohta, page 14 of the filed PDF · View the filing
Total touch point count — 150 · FY27 end
stated as an aspiration by Rajesh Kumar Mohta
p. 16
“Sir, we are 121 as on 31st March. So if we add on almost like including Walters, Sweet Bengal and the restaurants, we would be touching 150 numbers.”
Rajesh Kumar Mohta, page 16 of the filed PDF · View the filing
Mainland China SSG — double digit
stated as an aspiration by Anjan Chatterjee
p. 5
“he's already told you forward-looking, it is going to be double digit going forward”
Anjan Chatterjee, page 5 of the filed PDF · View the filing
Walters store count — 20 stores · this year
stated firmly by Avik Chatterjee
p. 13
“For Walters, we have planned 15 new stores for this year that would make our total into 20 stores for the brand.”
Avik Chatterjee, page 13 of the filed PDF · View the filing
Corporate cost as percentage of revenue — 4%
stated conditionally by Rajesh Kumar Mohta
p. 15
“Now we have got into the expansion mode, and there would be a step down reduction in the corporate cost, which used to be 6%, 7% is now at 4%.”
Rajesh Kumar Mohta, page 15 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said Panda Express and Mainland China operate in different segments and formats, so no competitive threat is seen.
Answered by Avik Chatterjee
Asked by Madhur Rathi: How does competition from Panda Express affect the Chinese/Asian food segment?
p. 4
“Panda Express is more of a fast QSR format, whereas Mainland China is a fine casual and Asia Kitchen comes to casual fun dining. Hence, we do not see any threat or loss of business due to Panda Express coming in.”
Avik Chatterjee, page 4 of the filed PDF · View the filing
Management attributed slower SSG to restaurants not having been renovated for many years, with renovations now underway improving performance.
Answered by Anjan Chatterjee
Asked by Madhur Rathi: Why is SSG lagging peers like Barbeque Nation?
p. 5
“One of the reasons that the SSG was slower because of the fact that our restaurants have not been renovated over a period of time.”
Anjan Chatterjee, page 5 of the filed PDF · View the filing
Management gave per-restaurant revenue, rental cost and post-rental EBITDA figures for the flagship brand format.
Answered by Rajesh Kumar Mohta
Asked by Gunit Singh: What is the revenue, EBITDA and rental profile per restaurant for top brands?
p. 10
“we look forward for a revenue between INR8 crores to INR9 crores in a year with an EBITDA of 22% on a restaurant basis”
Rajesh Kumar Mohta, page 10 of the filed PDF · View the filing
Management said any buyback decision would need to be taken up by the Board and could not comment further.
Answered by Rajesh Kumar Mohta
Asked by Gunit Singh: Are there plans for a share buyback given the cash pile and share price correction?
p. 12
“Point taken, I presume this may be taken up by the Board members only. So it would be difficult for us to say right now, depending upon the situations prevailing over a period of time.”
Rajesh Kumar Mohta, page 12 of the filed PDF · View the filing
Management said costs would likely be similar or lower due to reduced wastage from pilot flames, citing a pilot test showing savings.
Answered by Anjan Chatterjee
Asked by Chandramouli: What cost impact will the shift to induction cooking have versus LPG?
p. 15
“we've done a pilot in one particular restaurant where we've been able to send -- save around 6% of the -- compared to apple-to-apple with the gas versus electric”
Anjan Chatterjee, page 15 of the filed PDF · View the filing
Management clarified the 15-16% figure is restaurant-level before corporate costs, while the cash flow-derived margin reflects post-corporate-cost numbers.
Answered by Rajesh Kumar Mohta
Asked by Madhur Rathi: How does the 7-8% EBITDA margin reconcile with the stated 15% restaurant-level margin?
p. 15
“the whole idea was when we were talking in terms of payback, 15%, 16% is on the restaurant level basis. Thereafter, we have corporate costs, etcetera.”
Rajesh Kumar Mohta, page 15 of the filed PDF · View the filing
Risks flagged
Rising input costs including fuel and energy, and anticipated freight cost increases
p. 7
“input costs have gone up tremendously, which starts from fuel, energy and now that the freights will go up because of the petrol and diesel”
Anjan Chatterjee, page 7 of the filed PDF · View the filing
Uncertainty and potential cuts in LPG/PNG fuel supply
p. 9
“we have to do incubation of getting another source of energy, which will actually sustain us”
Anjan Chatterjee, page 9 of the filed PDF · View the filing
Geopolitical uncertainty affecting revenue targets
p. 13
“Absolutely right, subject to Mr. Trump's behavior.”
Anjan Chatterjee, page 13 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.