India's Restaurant Brands Asia rises after Q1 loss narrows

Restaurant Brands Asia

01/08/2025 05:30

** Shares of Restaurant Brands Asia RESR.NS rise as much as 4.2% to 84.8 rupees
** Indian Burger King operator reported a narrower Q1 loss of 419.4 mln rupees ($4.8 mln) as its discounted menu items continued to draw in budget-conscious diners
** Centrum Broking believes RESR showcased strong performance despite subdued consumer spends and rising competition, and that further cost-reduction initiatives along with recovery in dine-in help to boost the business
** Stock on track to snap 2 days of losses

** Analysts' mean rating on stock is "buy"; median PT is 92.5 rupees - data compiled by LSEG
** RESR last up 3.8%, cutting YTD losses to 4.1%

($1 = 87.3550 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))