Restaurant Brands Asia Q4 Consol Net Loss Widens to Rs 92.09 Cr

Restaurants Brand Asia on Thursday reported a consolidated net loss of 92.09 crore rupees in the Q4 FY24 against a net loss of 79.95 crore rupees during the corresponding quarter ended March 2023.

Key Takeaways from Restaurant Brands Asia’s Performance:

• Consolidated net loss of 92.09 crore rupees in Q4 FY24.
• Revenue from operations rose 16.19% to 597.14 crore rupees.
• EBITDA for Q4 FY24 jumped 5.3% to 87.1 crore rupees.

However, revenue from operations rose 16.19% to 597.14 crore rupees in the quarter ended March 2024 against 513.95 crore rupees in the previous quarter ended March 2023.

Additionally, the consolidated net loss for the full year stood at 236.73 crore rupees in the year ended March 2024 compared to a net loss of 241.80 crore rupees during the previous year ended March 2023.

Further, sales rose 18.63% in the year ended March 2024 to 2,437.06 crore rupees in the year ended March 2024 against 2,054.28 crore rupees during the previous ended March 2024.

EBITDA for Q4 FY24 jumped 5.3% to 87.1 crore rupees compared to 27.4 crore rupees reported in Q4 FY23. Furthermore, EBITDA margin expanded 14.6% in Q4 FY24 against 5.3% in Q4 FY23. 

About Restaurants Brands Asia Limited:

Restaurants Brands Asia Limited, an India-based company is in the business of quick-service restaurants under the brand name of Burger King. The Company's business operations span India and Indonesia. It offers food products, which are customized to local tastes and preferences. Its food products include chicken burgers, crispy chicken double patty, cheese meltdown, and chicken fries among others. Restaurants Brands operates in nearly 315 restaurants in India, including nine sub-franchised restaurants and 35 cafes. In Indonesia, it owns and operates approximately 177 restaurants.

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