April–July FY26-27 versus the same period prior year. Cost rates improved materially across both outlets; revenue and inventory productivity require differentiated actions.
₹784.4L vs ₹829.3L PY
-5.4% YoY
Net cost rate 21.1% vs 24.3% PY, an improvement of 13.1%
Sales ₹474.0L vs ₹507.2L PY
-6.6% YoY
Net cost rate 21.5% vs 22.6% PY; kitchen turns 23.4x vs 29.9x PY
Sales ₹310.4L vs ₹322.0L PY
-3.6% YoY
Net cost rate 20.4% vs 26.9% PY — outstanding improvement of 24.1%
Gross consumption -14.1%; gross cost -16.1%; net cost -17.8%
Bar turns lag significantly: Group 4.1x vs 6.7x PY
Monthly group revenue comparing current year against prior year. May was the only month to record positive growth (+1.0%); April saw the sharpest decline at -15.8%, driven by the shift in trading conditions.
Both outlets show diverging trajectories in July: Late Checkout fell sharply (-19.4%) whilst Lyla accelerated strongly (+18.5%), suggesting distinct demand patterns that warrant separate action plans.
Group gross consumption fell in three of four months, with a notable reduction in April (-21.5%). The consumption-to-sales ratio consistently tracked below prior year except for a minor uptick in June (+1.2%), confirming tighter alignment between procurement and throughput.
Lyla's consumption ratio has improved consistently across all four months, reflecting disciplined portion and production control. Late Checkout shows a June spike (+10.0% rate) worth investigating against specific event or operational drivers.
Group gross cost value fell in every month. The gross cost rate also improved in three of four months, with May recording the strongest improvement at -20.6% YoY. June remained broadly flat, with cost and revenue moving in tandem.
Lyla's gross cost rate has improved in every single month — a consistent and commendable result. Late Checkout's June rate of 24.0% vs 22.1% PY warrants a closer review of the cost drivers relative to the corresponding consumption spike that month.
Net cost — after credits — improved in every month of the review period. The YTD net cost rate of 21.1% versus 24.3% PY represents a meaningful structural improvement, not a one-off. May and July recorded the strongest month-level improvements.
Lyla's net cost rate improvement is especially notable — every month tracks at least 20 percentage points of YoY rate improvement. Late Checkout's June net cost rate of 22.0% vs 19.8% PY is the one adverse data point and aligns with the June consumption spike identified earlier.
Annualised kitchen turnover has declined across all four months, from 31.1x to 30.4x in the current year, compared to a range of 37.7x–43.2x in the prior year. The consistent gap signals that average food inventory levels have grown relative to consumption throughput — a pattern that warrants review of ordering frequency and par-level discipline at both outlets.
Lyla maintains notably higher kitchen turnover than Late Checkout, and its year-on-year decline has been moderating each month — a sign of stabilising inventory management. Late Checkout's turnover fell materially in May (-35.1%) and July (-32.4%), the two months that coincide with its highest closing inventory positions.
Bar stock turnover has declined sharply across all four months, with July recording a -52.5% YoY fall. The Group YTD bar turnover of 4.1x versus 6.7x PY represents a sustained and significant deterioration. High-value liquor inventory is the primary balance-sheet driver; a formal SKU-level ageing review is the recommended immediate next step at both outlets.
Late Checkout's July bar turnover of 2.8x versus 7.8x PY (-64.1%) is the most acute reading across the period and warrants urgent SKU-level attention. Lyla's bar turnover has shown material improvement in June and July as sales volumes recovered, with July nearly matching prior year at 8.7x vs 8.9x PY.
The purchase/sales ratio shows volatility month-to-month, reflecting the lumpy nature of large purchase orders relative to monthly sales. April's elevated ratio (27.2% vs 22.8% PY) and June's increase (24.0% vs 22.2% PY) should be read alongside the corresponding sales volumes to avoid misinterpretation — a high ratio on a strong sales month is less concerning than on a soft month.
Lyla's purchase/sales ratio has improved consistently from May onwards, reflecting tighter alignment of purchasing with actual consumption. Late Checkout's April ratio of 28.0% vs 21.0% PY and June's 23.3% vs 19.1% PY suggest purchase timing requires a closer review against a rolling four-week consumption forecast.
Group credits as a percentage of total sales rose in June and July — up 32.9% and 34.3% YoY respectively. Credits include food, beverage and liquor credits to cost, and should be reviewed for composition, authorisation level and guest-value purpose. A rising credit ratio is not automatically negative if it reflects approved service recovery or guest-relation activity, but the Jun–Jul trend warrants a compositional review to confirm purpose and governance.
Lyla's credit ratio shows a material increase from May onwards — the May figure of 2.1% vs 1.0% PY (+106%) and June's 2.7% vs 0.8% PY (+262%) represent the most significant movement in the dataset. These figures must be reviewed by composition: food vs beverage vs liquor, authorisation level, and whether each credit line was guest-facing, operational or adjusting.
Liquor is the largest single revenue contributor across both outlets and drives the most significant YoY shortfall — Group liquor is down ₹33.5L (-10.1%). Beverage is the only category showing growth at Group level (+1.8%), with Late Checkout beverage up +11.5% YoY — an encouraging trend to build on.
Lyla's YTD net cost rate of 20.4% versus 26.9% PY — a 24.1% improvement — is the standout result of the review period. Both outlets and the Group have delivered net cost rates significantly below prior year. The challenge ahead is to sustain these rates whilst recovering revenue.
Bar stock turnover is the most significant operational gap across the Group. Late Checkout's bar turns of 3.5x versus 6.2x PY (-44.2%) and its slower kitchen turns highlight inventory build-up. Lyla's credit ratio at 2.3% versus 1.3% PY (+83.4%) is the one area requiring compositional review alongside its otherwise strong performance.
Chrome Hospitality — Detailed FY26-27 Trend and Prior-Year Review