Dishoom gains B Corp accreditation, reports a rise in revenue and profits
The Indian restaurant operator has gained the accreditation following a strong period of growth with a rise in sales and profits in the 12 months to 31 December 2023.
Revenue at the company grew 23% to £116.8m on the back of strong like-for-like growth at its existing restaurants and the contribution of new openings, including at Battersea Power Station and the launch of all-day bar-café brand Permit Room in Brighton.
The results – reflecting the first time the current 12-month period and prior comparable year were both unaffected directly by Covid 19 – include growth in EBITDA, which was up 41.9% to £13.3m during the period.
“These results reflect the incredible work of our team. Even more important than growth is keeping our focus strongly on hospitality, on providing guests with the most delicious food and the warmest service in beautiful restaurants and on making sure that Dishoom is one of the very best workplaces in hospitality,” says co-founder Shamil Thakrar.
“As a business, we continue to work ever harder to provide wonderful opportunities for our people to grow and develop. This has been absolutely critical to our current success and will be to our future development.
“We also plan to continue to grow the business very selectively, through seeking the right new opportunities for both Dishoom and Dishoom Permit Rooms.”
Dishoom says it has reviewed its sustainability practices across the business, with a focus on the impact the group has on people, community and planet. This work and investment has resulted in the publication of its first Impact Report.
In addition, the company has just achieved B Corp status, an accreditation for businesses committed to positive social impact.
A new Dishoom Permit Room has since opened in Cambridge and a third Permit Room is set to launch in Oxford, taking the number of restaurants operated by the group to 13.
