May 17, 2024
admin
(20 second reading) Restaurant Brands Asia’s consolidated net loss widened in March quarter to Rs 92 crore from Rs 80 crore a year ago.
Revenue came in at Rs 597.1 crore, rising 16 percent.
Earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter was at Rs 69.24 crore growing by 152.6 percent. EBITDA margins have improved by 626 bps YoY to 11.6 percent.
In FY24, the company opened a net total of 64 new restaurants, including 16 in the fourth quarter, while closing two in the same period. As of March 31, 2024, there are 455 operational restaurants, with 351 featuring BK Cafés.
