Burger King reports net loss of ₹29 cr, shares decline
Restaurant EBITDA tumbled 26.1% to ₹14.37 crore in Q3 FY21 from ₹194.5 in Q3 FY20. Restaurant EBITDA margin stood at 8.8% in Q3 FY21 as compared to 8.5% in Q3 FY20.
Burger King’s operating profit in the quarter declined 94.8 per cent year-on-year to ₹25 lakh. The company’s operating margin stood at 0.2 per cent at the end of the quarter as against 2.1 per cent a year ago.
Shares of Burger King were listed on the stock exchanges on 14 December 2020 at ₹115.35, a premium of 92.25% to the initial public offer (IPO) price of ₹60. The IPO of Burger King India was subscribed 156.65 times