This QSR company zooms 14.53% today after reporting a 38% rise in net sales FY23!
As the financial season heats up, Restaurant Brands Asia Ltd reported results.
Quarterly Performance:
In comparison to the same quarter last year, the company's total revenue for the fourth quarter which ended on March 31, 2023, increased by 26.61% to Rs 518.26 crore from Rs 409.33 crore on a consolidated basis. In Q4FY23, the company's total net loss decreased from Rs 81.54 crore to Rs 79.96 in the similar quarter the year prior.
The company reported a 38.18% increase in net sales for the year ended March 31, 2023, from Rs 1512.71 crore to Rs 2090.23 crore on a consolidated basis. When compared to the year ended March 31, 2022, the company's net loss decreased from Rs 235.15 crore to Rs 241.80 in the year prior ended on March 31, 2022.
The company had opened net 76 restaurants in FY23 and 391 restaurants count as on March 31, 2023. New 15 restaurants are under construction and 38 restaurants are in the pipeline as on March 31, 2023.
Share Price Movement:
In the last trading session, it closed at Rs 107.05. Today it opened at Rs 104.60 and touched a high of Rs 128.45 and a low of Rs 103.65. Currently, it is trading at Rs 122.60 up by 14.53% as of now total of 4,38,409 shares were traded over the counter at BSE.
The BSE group 'A' stock has a market cap of around Rs 6,000 crore and had a 52-week high of Rs 137.75 and it has a 52-week low of Rs 83.71.
Company profile:
Restaurant Brands Asia Ltd is one of the fastest-growing international QSR chains in India during the first five years of its operations based on several restaurants. As the national master franchisee of the Burger King brand in India, the company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. Its master franchisee arrangement provides it with the ability to use Burger King’s globally recognized brand name to grow its business in India while leveraging the technical, marketing and operational expertise associated with the global Burger King brand.
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