Live
- ECI extends poll timings till 6 pm
- State election authorities seek 35,000 additional ballot units
- Only YSRCP can ensure a bright future for State says Audimulapu Suresh
- Gold rates in Delhi surges, check the rates on 02 May, 2024
- Gold rates in Vijayawada surges, check the rates on 02 May, 2024
- Gold rates in Visakhapatnam surges, check the rates on 02 May, 2024
- Nitin Gadkari to campaign in Araku today
- Gold rates in Hyderabad surges, check the rates on 02 May, 2024
- Khabardar PM! Telangana people won’t keep quiet if you insult CM
- BRS Working President KTR to conduct roadshows in GHMC Constituencies
PL First Cut - Restaurant Brand Asia 1Q24
Prabhudas Lilladher Pvt Ltd
PL First Cut – Restaurant Brand Asia 1Q24 – Amnish Aggarwal – Head of Research, Prabhudas Lilladher Pvt Ltd Restaurant Brand Asia 1Q24:...
PL First Cut – Restaurant Brand Asia 1Q24 – Amnish Aggarwal – Head of Research, Prabhudas Lilladher Pvt Ltd
Restaurant Brand Asia 1Q24: Narrows losses, Margins inline
(CMP: Rs119|Accumulate)
India Business
> Revenues grew by 25.3% YoY to Rs4.2bn (PLe: Rs4.3bn)
> Gross margins expanded by 12bps YoY to 66.5% (Ple: 66.7%)
> EBITDA grew by 45.9% YoY to Rs484.7mn (PLe:Rs539mn); Margins expanded by 162bps YoY to 11.5% (PLe:12.5%)
> Loss stood at Rs-221.5mn in 1Q24 vs 227mn in 1Q23 (PLe:Rs-166mn)
Indonesia Business
> Revenues grew by 23.9% YoY to Rs1.9bn
> Gross margins contracted by 128bps YoY to 58.6%
> EBITDA loss stood at Rs1.6mn vs Rs40mn in 1Q23, Margins expanded by 254bps YoY to -0.1%.
> Loss stood at Rs319mn vs Rs282mn in 1Q23.
We have a ACCUMULATE rating on the stock with a SOTP target price of Rs146
