Burger King India Q4 net loss narrows

Burger King India Q4 net loss narrows

Shares of Burger King India declined over 7% on Thursday after the company reported a consolidated net loss of Rs 25.94 crore for the fourth quarter ended March 2021. The stock dipped 7.22% to Rs 145.05 on the BSE. At the NSE, it tumbled 5.18% to Rs 148.20.
Burger King India on Wednesday reported a consolidated net loss of Rs 25.94 crore for the fourth quarter ended March 2021.
The quick service restaurant chain operator had posted a net loss of Rs 37.41 crore during the January-March 2020 quarter.
Its total income during the January-March 2021 stood at Rs 199.45 crore, against Rs 192.95 crore in the year-ago period.

Burger King India’s total expenses in the March 2021 quarter stood at Rs 219.81 crore.
In its first quarterly earnings post a strong listing, the firm reported a net loss of Rs 29.02 crore in Q3 against a net loss of Rs 21.72 crore in the year-ago quarter. Revenues in Q3 fell 28.4% year-on-year to Rs 163.19 crore. However, on a sequential basis, the company’s topline showed growth of 69%.
The COVID-19 pandemic induced lockdown across the country, continues to dent operations of restaurant chain operator such as Berger King.

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