BUZZ-Burger King's India operator jumps on narrower loss

Reuters

2025/05/20

** Shares of Restaurant Brands Asia RESR.NS climb 7.6% to 88.1 rupees, set for their best day in over two years, if gains hold

** The India franchisee of Burger King reported consol loss of 562.8 million rupees vs 852.6 million rupees a year ago; rev grew ~6% y/y

** Co said its same-store-sales grew 5.1% due to attractive value offerings or cheaper menu options to draw in diners

** RESR rated "buy" on avg, median PT at 95 rupees - as per data compiled by LSEG

** Day's gains reverse YTD losses, now RESR up 3.7%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

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