Burger King's India operator rises on narrower Q3 loss

Restaurant Brands Asia

30/01/2024 05:40

** Shares of Restaurant Brands Asia  RESR.NS  up 3.8% after
the Indian operator of Burger King and Popeyes chains reports
narrower Q3 loss
    ** Prabhudas Lilladher, Antique Stock Broking raise PT on
co, with Prabhudas' new PT of 151 rupees being a Street high -
LSEG
    ** Prabhudas sees positive outlook in India ops; on improved
store traffic, strong growth in smaller towns
    ** Antique expects strong performance from co, backed by
margin expansion on menu innovation, expansion of chains and
improvement in Indonesia business
    ** Avg rating of 10 analysts, including Prabhudas and
Antique, is an equivalent of 'buy' - LSEG
    ** The median PT is now 130 rupees, up from 126 rupees as of
Dec. 30

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))