Restaurant Brands Asia Q4 Review - Inline India Results, Focus On Profitability In Indonesia: Nirmal Bang

Nirmal Bang Report

Restaurant Brands Asia Ltd.’s Q4 FY24 results were in line with expectations on the India business. There was a beat in Indonesia Ebitda as a result of unusually low other expenses which the management attributed to the impact of store rationalisation and lower selling, general and administrative costs.

The management has guided for gradual improvement in sentiment in India (but refrained from providing same store sales growth guidance unlike in the past) and has stopped store expansion of both Burger King and Popeye’s in Indonesia in FY25 awaiting better macro-economic environment.

We maintain Accumulate rating on the stock, as recovery in both India and Indonesia is uncertain and valuations appear fair.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.