MW Eat – which owns highend restaurants Veeraswamy, Chutney Mary, Amaya, and four Masala Zone sites in London – has reported an increase in pre tax profits to £4.4m to year end March 2025, from £3.4m the year before. The pre covid figure in 2019 was £3.9m. Turnover rose to £31.7m from £31.3m
Chairman Ranjit Mathrani said that the business continues to “recover steadily” from the after-effects of covid-19 in respect of staff shortages and the work-from-home culture, as well as energy price increases.
“We are significantly more profitable and cash flow positive than the previous year and we have sufficient resources available to trade comfortably for the foreseeable future. In the coming year, the group’s objectives remain consistent, with particular emphasis on profitability and continuing to grow the prominence of the brands as some of the world’s most premium Indian dining establishments,” said Mathrani.
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Author: George Shaw
Former BBC journalist and founder and CEO of an award-winning London advertising and PR company for 20 years, providing restaurant consultancy services. Spent a decade as the director of communications of the Asian Catering Federation in the UK and lead judge for its various restaurant and chef awards programmes. Now returned to journalism, specialising in food and travel and currently the Editor-in-Chief for Taste London, Taste Asia, the Good Curry Guide and CEO of International Culinary Guides.