The total store count in India marked an increase of 69 on-year to stand at 510 stores as on 31 December 2024
On account of high costs and flat demand, Restaurant Brands Asia, the India franchisee of Burger King has witnessed a wider year-on-year (YoY) net loss in the third quarter of the current financial year (Q3FY25). The company’s net loss was Rs 503.96 million (attributable to the equity holders of the parent) in Q3FY25, as compared to Rs 361.81 million in Q3FY24.
As far as the operational and business highlights of India are concerned, the same-store sales growth (SSSG) at Indian Burger King restaurants slipped 0.5 per cent as the operator attributed this to ‘flat demand’. Aimed at attracting price-sensitive customers, Burger King has been offering a bundle of two vegetarian burgers at Rs 79. It also offers a bundle of two chicken burgers at Rs 99.
The company managed to increase its consolidated revenue by 5.8 per cent YoY during the recently concluded quarter to Rs 6,391 million, aided by opening more outlets. The total store count in India marked an increase of 69 on a YoY basis to stand at 510 stores as on 31 December 2024. The store count was up by 46 on a quarter-on-quarter (QoQ) basis.
On the expenses front, Restaurant Brands Asia registered an increase in the cost of materials consumed. The total expenses were up during the quarter at Rs 7,025.44 million, from Rs 6,476.66 million in Q3FY24. The company’s revenue from operations marked 11.2 per cent growth as it rose to Rs 4,954 million as far as the India operating performance is concerned. The same revenue was Rs 4,454 million in Q3FY24.
