 "Burger King Q3 net loss narrows to Rs 15 crore, revenue rises 71.5%")
Quick service restaurant chain Burger King India Ltd on Monday reported narrowing of net loss to Rs 15.15 crore for the third quarter ended December 31, 2021.
The company had posted a net loss of Rs 29.02 crore during October-December period of the previous fiscal year, Burger King said in a regulatory filing.
Revenue from operations was up 71.51 per cent to Rs 279.89 crore during the quarter under review as against Rs 163.19 crore in the corresponding period of 2020-21.
Total expenses were at Rs 298.23 crore, up 45.56 per cent from Rs 204.89 crore in the year-ago period.
During the quarter, Burger King added 20 restaurants and as on December 31, it total restaurant count was 294.
According to the company, presently 9 restaurants are under construction and 65 are in pipeline.
Shares of Burger King India Ltd on Monday settled at Rs 132.95 apiece on BSE, down 1.81 per cent from the previous close.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%