Biryani Blues Revenue Growth to Rs 85 Crore

Biryani Blues, a prominent quick service restaurant (QSR) chain, has announced achieving a remarkable milestone with a projected revenue of Rs 85 crore for the fiscal year ending March 2025. The company is evidently on course, currently noting Rs 76.23 crore in revenue for the 11-month period from April to February in FY25.

Year-on-Year Revenue Comparison

Compared to the previous year, Biryani Blues has managed a modest double-digit growth of approximately 11% in FY25, recording Rs 76.15 crore in revenue during FY24. These figures are based on provisional financial statements obtained from official filings.

Menu Offerings and Revenue Breakdown

Biryani Blues specializes in biryani and also provides a range of starters, desserts, and beverages. These are available through online delivery services, dine-in experiences, and take-away options. While specific revenue breakdowns have not been disclosed, it is expected that most of the earnings come from the sale of these diverse menu items.

Non-Operating Income and Total Revenue

The Gurugram-based company also reported Rs 60 lacs in non-operating income, pushing the overall revenue to Rs 76.83 crore. The cost of acquiring materials accounted for 27.35% of total expenses, amounting to Rs 22.47 crore, remaining consistent with the previous fiscal period. Additionally, employee benefit expenses stayed steady at Rs 14.91 crore during this period.

Financial Challenges and Cost Management

An important highlight is that the company’s finance costs surged over 60% to Rs 6 crore. Although a detailed breakdown of expenses was not provided, total expenses saw a slight decrease of 3%, amounting to Rs 82.17 crore. Biryani Blues’ effective cost control strategies have allowed it to reduce losses by over 30% to Rs 5.34 crore in the 11 months of FY25, compared to Rs 8.14 crore in the same timeframe of the previous fiscal year.

EBITDA and Future Projections

During this 11-month period, the company’s EBITDA declined by 25% yet remained positive at Rs 7.25 crore. These figures are provisional as the numbers for March have yet to be included, which may lead to a slight upward adjustment.

Investment and Assets

Biryani Blues, backed by Rebel Foods, has effectively spent Rs 1.08 for every rupee earned during this specified period. Its recorded current assets stood at Rs 8.57 crore as of February 2025, which includes cash and bank balances amounting to Rs 1.09 crore. To date, the company has successfully raised over Rs 100 crore (approximately $13.5 million), including $5 million acquired in May 2025, primarily led by Yugadi Capital, according to various sources.