Burger King India operator narrows quarterly loss as discounts draw budget customers
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Restaurant Brands Asia, the operator of Burger King in India, reported a narrower first-quarter loss of 419.4 million rupees ($4.79 million) for the period ending June 30, compared to a loss of 493.6 million rupees a year earlier. The company attracted budget-conscious diners with discounted menu items, leading to a 12.6% revenue increase. Same-store sales rose 2.6%, driven by dine-in traffic. Despite challenges from competition and high living costs, the store count in India grew to 519, with six new stores added in the quarter.
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