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Dishoom expects to return to pre-pandemic profitability during FY23, as the Indian restaurant chain’s turnover grew by 64% to £94.9m for the 53 week period to 1 January 2023.
The news comes as the group’s performance during FY22 was driven by uninterrupted trading and new openings post-Covid.
The group revealed that adjusted EBITDA reached £9.4m in FY22, up from £4.8m in 2021, while profit before tax hit £4.78m in the same period from a total of £1.51m in 2021.
The Indian restaurant chain reported that during FY22, the hospitality sector was still recovering from the effects of the pandemic, and while profitability hadn’t reached pre-pandemic levels, it noticed an improvement in underlying profit margins against FY21.
As a result, the company revealed in accounts filed with Companies House it said that it “continues to evaluate potential new locations across the UK”.
Dishoom also stated through Companies House that it took in £95m in revenues during 2022, almost twice as much as in 2021, when restaurants were still closed under lockdown for much of the year.
The restaurant chain was founded in 2010 and currently operates nine locations across the UK, with six of its restaurants being in London at Covent Garden, Shoreditch, Kings Cross, Kensington High Street, Carnaby Street and Canary Wharf.
