Powered by: Motilal Oswal

News

Burger King says tomatoes on `vacation` as India battles food inflation  Burger King has scrapped tomatoes from its wraps and burgers in many Indian outlets after prices more than quadrupled, the latest symptom of surging food inflation that is hitting consumers hard across the world's most populous nation. "Even tomatoes need a vacation ... we are unable to add tomatoes to our food," read notices pasted at two Burger King India outlets. The chain has cited quality issues in explaining the shortfall. The burger chain, one of India's b...
Burger King says tomatoes on `vacation` as India battles food inflation
Burger King says tomatoes on `vacation` as India battles food inflation
Source: Reuters
16/08/2023 2:51:45 PM
Buy Burger King India Ltd For Target Rs.252 - Ventura Securities BK Cafes and Store Expansions to stir growth Burger King India Ltd is a QSR company which came into being on November 11th 2013. The brand has an international presence across 100 countries with more than 18,500 outlets. It is held by QSR Asia Holdings which has a 94% stake in the company. In India they currently have 261 restaurants operating in 6 clusters within the country and are winning consumers by tailoring their offerings, pricings and promotions according to Indian tastes and pref...
Buy Burger King India Ltd For Target Rs.252 - Ventura Securities
Buy Burger King India Ltd For Target Rs.252 - Ventura Securities
Source: Ventura Securites Ltd
5/11/2021 12:41:14 PM
Burger King`s pandemic woes eat into Restaurant Brands profit, sales Restaurant Brands International Inc on Thursday missed quarterly profit estimates and posted a drop in comparable sales at its Burger King and Popeyes chains as a resurgence in COVID-19 cases slowed customer traffic to its outlets. The company's U.S.-listed shares slipped 4.3% to $57.51. The reinstatement of virus restrictions in many parts of the world led to temporary dining room closures and curfews, which kept people from venturing out to get their fast-food fix and weakened the...
Burger King`s pandemic woes eat into Restaurant Brands profit, sales
Burger King`s pandemic woes eat into Restaurant Brands profit, sales
Source: Reuters
12/02/2021 10:14:59 AM
Update On Burger King India Ltd By Yes Securities 3QFY21 result and investor call takeaways  ‐  weak 3Q but strong pick‐up in January    * Quarter highlights – Sales recovered to 72% led by better recovery in West and South, mall recovery continued to lag, January has seen a recovery to 86% led by recovery in North and malls with delivery ADS up 6% and dine‐in recovered to 76%, GMs reach 65% in December, overall EBITDA positive with restaurant level margins at 8.5%, despite  ‐35% SSG led by cost savings and ...
Update On Burger King India Ltd By Yes Securities
Update On Burger King India Ltd By Yes Securities
Source: Yes Securities Ltd
11/02/2021 10:10:54 AM
Burger King India posts Q3 net loss of Rs 29.03 cr The company reported standalone net loss during the quarter stood at Rs 29.03 crore as compared to net loss of Rs 21.73 crore in the previous year quarter. Net revenue of the company declined substantially by 28.40 per cent at Rs 163.19 crore in October-December quarter of this fiscal as against Rs 227.92 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 26.68 per cent to Rs 147.99 crore from Rs 201.84 crore in year ago period. Othe...
Burger King India posts Q3 net loss of Rs 29.03 cr
Burger King India posts Q3 net loss of Rs 29.03 cr
Source: Dion Global Solutions Ltd
10/02/2021 11:10:20 AM
Burger Kings dream run continues, hits 20% upper circuit Shares of quick restaurant service provider Burger King India Ltd. continued to surge on Wednesday as it hit the upper circuit for the third straight day. On Wednesday, its shares on the BSE reached Rs 199.25, rising Rs 33.20 or 19.99 per cent from its previous close. The company's stock got listed on Indian bourses on Monday and on the debut day itself it opened at a premium of over 87 per cent over the IPO price at Rs 112.50. The performance of the stock had even defied project...
Burger Kings dream run continues, hits 20% upper circuit
Burger Kings dream run continues, hits 20% upper circuit
Source: IANS
16/12/2020 12:42:33 PM
Investors scramble for bite of Burger King India IPO with $9.5 billion of bids By Aditya Kalra and Chris Thomas NEW DELHI/BENGALURU - Burger King India's initial public offering drew bids of $9.5 billion, or more than 150 times the shares on offer, signalling investors were upbeat about the country's food service sector despite a slowdown inflicted by the COVID-19 pandemic. The Indian company, which runs the franchise of Restaurant Brands International Inc's U.S. chain Burger King, competes with likes of McDonald's and Domino's Pizza in the loc...
Investors scramble for bite of Burger King India IPO with $9.5 billion of bids
Investors scramble for bite of Burger King India IPO with $9.5 billion of bids
Source: Reuters
5/12/2020 9:47:23 AM