Burger King India narrows Q3 net loss to Rs 15 crore
Burger King India Ltd on Monday reported narrowing of net loss to Rs 15.15 crore for the third quarter ended December 31, 2021 from a net loss of Rs 29.02 crore during October-December period of the previous year.
Meanwhile, revenue from operations jumped 71.51 percent to Rs 279.89 crore during the quarter under review from the Rs 163.19 crore in the same period of 2020-21.
The company’s total expenses were up 45.56 percent to at Rs 298.23 crore from Rs 204.89 crore in the year-ago period.
Burger King India added 20 restaurants during the quarter pushing its total count to 294 as of December 31.
There are nine restaurants under construction and 65 are in pipeline.
Shares of Burger King India dropped 1.81 percent from the previous close on BSE to Rs 132.95.