• Thursday, April 18, 2024

Business

Restaurant chain Dishoom posts £2.3m pre-tax profit

Dishoom has five restaurants located across areas of London including Kensington (pictured) and King’s Cross. The business also has eateries in Edinburgh and Manchester. (Photo Credit: John Carey)

By: Eastern Eye Staff

 

POPULAR restaurant chain Dishoom has posted a pre-tax profit of £2.3 million in 2018, compared to £870,000 recorded in the previous year.

The restaurant group also recorded a major rise in its turnover by 26.3 per cent last year.

Financial results filed with Companies House by the business showed that turnover of the group touched £45m, up from £35.6m recorded in the previous year.

The latest financial figures boosted the company’s confidence to move ahead with its plan to expand its business further.

Earnings before interest, tax, depreciation and amortisation of the firm, run by Kavi and Shamil Thakrar, touched £4.3m in 2018, up from £2.3m in 2017.

In 2018, the seven-site group also recorded a charitable milestone of five million meals donated to children across the UK and India.

The group announced its plans for a refurbishment of its Covent Garden restaurant in London’s West End.

Based on Mumbai’s Parsi-Irani style cafes, Dishoom started its operation nine years ago and today has seven sites across Britain.

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