Dishoom, the Indian restaurant chain, experienced a threefold increase in profits during 2022 as its establishments rebounded from the pandemic's impact. The company also indicated its plans for further restaurant openings.
According to reports submitted to Companies House, Dishoom reported a revenue of £95 million, nearly double the amount from 2021. This surge in revenue reflects the recovery from pandemic-related closures that affected much of the previous year. This performance led to a profit increase of £4.7 million, a notable rise from the £1.5 million recorded in the previous year.
Despite profit margins remaining below pre-pandemic levels, the chain remains optimistic about the impact of inflation on the hospitality sector and anticipates achieving profit margins comparable to those seen in 2019.
With this growth in profits, the restaurant renowned for its lengthy queues and signature dishes like black dal and bacon naan was able to distribute a dividend of £3.7 million to its parent company, Braunstone Limited. This parent company also owns Touchnote, an online gift card business. Notably, the dividend amount was roughly on par with Dishoom's post-tax profits.