Burger King India operator Restaurant Brands Asia cuts Q1 loss as revenue rises 18%
Restaurant Brands Asia reported a consolidated Q1 net loss of Rs 28.3 crore, narrowing from Rs 41.9 crore a year earlier. Revenue from operations rose 17.9% to Rs 823 crore, while EBITDA grew 37.6% to Rs 100 crore and margin expanded to 12.2%.
Burger King India operator Restaurant Brands Asia narrowed its Q1 loss as revenue rose 18% to Rs 823 crore. EBITDA increased 37.6% to Rs 100 crore and margin expanded to 12.2%, supported by sales growth, network expansion and cost efficiencies.
Why this matters
The Q1 improvement follows Restaurant Brands Asia's report of record Burger King India revenue and EBITDA. The company also recently listed shares under a Rs 900 crore promoter preferential issue and faced an open offer at Rs 70 a share.
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