Speciality Restaurants’ Q1 profit rises 39%; new CEO targets 12–15 Walters outlets in Mumbai

Speciality Restaurants posted 14.7% year-on-year growth in consolidated income to Rs 131.3 crore and a 38.9% rise in PAT to Rs 7.11 crore in Q1 FY27. CEO Avik Chatterjee plans to add 12–15 Walters QSR stores and a cloud kitchen in Mumbai over the next three quarters.

— Source publishedTue, 11 Aug, 2026, 19:00 IST·First seen Tue, 11 Aug, 2026, 19:48 IST·Source ET Hospitality

What happened

Speciality Restaurants Limited · Speciality Restaurants reported 14.7% consolidated income growth and 38.9% PAT growth in Q1 FY27. New CEO Avik Chatterjee plans

Key facts

  • Consolidated income: Rs 131.30 crore, up 14.66% YoY
  • Consolidated EBITDA: Rs 28.61 crore, up 21.28% YoY
  • Consolidated PAT: Rs 7.11 crore, up 38.9% YoY
  • Same-store sales growth: 11.35%
  • Walters Q1 revenue: Rs 1.56 crore, up 345% YoY

What changed

Speciality Restaurants reported 14.7% consolidated income growth and 38.9% PAT growth in Q1 FY27. New CEO Avik Chatterjee plans 12-15 Walters QSR outlets and a cloud kitchen in Mumbai over the next three quarters.

Why this matters

Speciality Restaurants’ 38.9% Q1 profit growth supports accelerating Walters’ Mumbai rollout, with 12–15 QSR outlets and a cloud kitchen planned over the next three quarters.

What to watch

  • Number of Walters stores opened versus the 12–15 target over the next three quarters.
  • Same-store sales growth and average daily sales for newly opened Walters outlets after 90 and 180 days.
  • Consolidated EBITDA/PAT margin movement as expansion-related costs enter the P&L.
  • Mumbai rental commitments, employee costs and any rise in depreciation or finance costs.
  • Delivery mix, aggregator-led discounting and cloud-kitchen order density.