Burger King's India operator jumps on narrower loss
ReutersMay 20, 2025 4:33 AM
Shares of Restaurant Brands Asia RESR.NS climb 7.6% to 88.1 rupees, set for their best day in over two years, if gains hold
The India franchisee of Burger King reported consol loss of 562.8 million rupees vs 852.6 million rupees a year ago; rev grew ~6% y/y
Co said its same-store-sales grew 5.1% due to attractive value offerings or cheaper menu options to draw in diners
RESR rated "buy" on avg, median PT at 95 rupees - as per data compiled by LSEG
Day's gains reverse YTD losses, now RESR up 3.7%
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