Restaurant Brands Asia Q3 Review- Burger King India On Track; Indonesia Strategy Revamped: Prabhudas Lilladher

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Prabhudas Lilladher Report.Restaurant Brands Asia Ltd. reported in-line margins despite increase in operating expenses due to sustained traction in older stores and cost control, despite average daily sales dropping to Rs 120,000 on softer demand. We believe Jan-23 price hike will help neutralise the impact of increased overheads on store expansion. Burger King is looking to promote margin accretive chicken offerings in South market and compete versus incumbents. Indonesia operations has lower average daily sales versus pre-Covid; new strategy is expected to improve average daily sales with-relaunch/innovation in Whopper range,increased focus on chicken offering,focus on FSDT format and store rationalisation. We believe Restaurant Brands Asia's India operations are on track and should report mid-single digit pre Indian Accounting Standard Ebitda with small profit in FY24 and full turnaround in FY25 given sustained customer traction and likely gains from BK Cafe in FY24. We believe Indonesia business will take time to turnaround given delay in post Covid recovery, business restructuring and initial losses in Popeyes (5/30 stores in FY23/FY24)..Click on the attachment to read the full report:.Jubilant FoodWorks Q3 Review - LFL Disappoints, Leading To Ebitda Miss; Recovery To Take Time: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Restaurant Brands Asia Q3 Review- Burger King India On Track; Indonesia Strategy Revamped: Prabhudas Lilladher

Burger King is looking to promote margin accretive chicken offerings in South market and compete versus incumbents.

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