INSUBCONTINENT EXCLUSIVE:
Burger King India's revenue from operations stood at Rs 149 croreBurger King India announced its April-June quarter results for the
financial year 2021-22, reporting a net loss of Rs 44.35 crore, compared to a loss of Rs 80.45 crore in the corresponding quarter last year
The company's net loss narrowed in the first quarter of the current fiscal on account of muted sales last year due to the nationwide
lockdown to contain the spread of the COVID-19 pandemic. Burger King India's revenue from operations or sales in the June quarter stood at
Rs 149 crore, compared to Rs 38.49 crore in the corresponding period last year, marking a growth of 289 per cent year-on-year.In the June
quarter, Burger King India launched a 'stunner menu' with a focus on the value and variety with different taste profiles and food formats
Its largest variety in value menu covers 11 products including burgers, wraps, rice, volcano, according to a regulatory filing by the
company to the stock exchanges today.Despite localised lockdowns during the June quarter amid the second wave of the pandemic, Burger King
India managed to open five new stores to take its store count to 270.Burger King India was listed on the bourses on December 14,
2020. The quick-service restaurant chain achieved a strong market debut as its shares were listed at ₹ 115.35 on the BSE, a 92.25 per
cent premium over the issue price of ₹ 60.Burger King India is the national master franchisee of the Burger King brand in the
country and has exclusive rights to establish, develop, operate and franchise Burger King branded restaurants across India.On Friday,
August 13, shares of Burger King India settled 0.96 per cent lower at Rs 170.30 apiece on the BSE.
