The Hospitality industry has seen a comeback in the number of footfalls, especially after a long-lasting lockdown period. The companies are striving hard paving ways to improve their operations and bounce back.
Listed below are 2 such companies in the Hospitality industry which released their results for FY2022-23:
Restaurant Brands Asia Limited
Restaurant Brands Asia Limited, formerly known as Burger King India Limited, operates a series of fastest-growing international Quick-Service Restaurant (QSR) chains in India providing fast food burgers. The company develops, establishes, operates as well as franchises Burger King-branded restaurants in India.
The company has a market capitalization of Rs 6,040 crores and its stock is currently trading at Rs 122, showing an up movement of around 14 percent as compared to the previous closing price of Rs 107.20. In the last one-month period, the stock has gained around 30 percent ranging from Rs 95 to the current price levels.
Yesterday, the company, through a regulatory filing with the exchange, announced its Q4 as well as annual results for FY2022-23.
Having a quick look at the annual numbers reported by the company, the operating revenues increased from Rs 1,490 crores during FY21-22 v/s Rs 2,054 crores in FY22-23 showing an increase of 38 percent. On the contrary, it reported net losses which got magnified in the current financial year with a movement, during the same period, from losses of Rs 235 crores to losses of Rs 242 crores.
In recent quarters, the operating revenues of the company reduced from Rs 526 crores to Rs 514 crores indicating a reduction of 2 percent. Unable to improve its financial stability, it marked an increase in losses from Rs 56 crores during Q3 v/s Rs 80 crores of losses in Q4.
Devyani International Limited
Devyani International Limited (DIL) is a company based in India that operates Quick-Service Restaurant (QSR) chains. The Company is the franchisee for chains including KFC, Pizza Hut, Costa Coffee, Yum Brands, etc. It operates around 655 stores across 155 cities in India.
The company has a market capitalization of Rs 22,011 crores and its stock is currently trading at Rs 183, showing an up movement of around 5 percent as compared to the previous closing price of Rs 174.30.
Yesterday, the company, through a regulatory filing with the exchange, announced its Q4 as well as annual results for FY2022-23.
Coming onto the annual numbers reported by the company, the operating revenues moved up from Rs 2,084 crores during FY21-22 v/s Rs 2,998 crores in FY22-23 which is a 44 percent increase. Moreover, the net profits of the company, keeping the timeframe the same, shifted from Rs 155 crores to Rs 263 crores.
In recent quarters, the company marked a reduction in operating revenues which reduced from Rs 791 crores in Q3 to Rs 755 crores in Q4 showing a down movement of 5 percent. In addition, the net profits went down from Rs 71 crores to Rs 60 crores.
Written by Amit Madnani
