Restaurant Brands Asia: September ’22 Results Update
Moneylife Digital Team 01 December 2022
Stand-alone India sales of Restaurant Brands Asia (RBA), earlier known as Burger King, were up almost 50% y-o-y (year-on-year) and 9.2% q-o-q (quarter-on-quarter) to Rs368 crore, driven by higher ADS (average daily sales). Operating profit margin, surprisingly, expanded q-o-q as well as y-o-y, despite inflationary headwinds in the sector. Net loss narrowed on sequential and annual basis. Its...
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