The shares of this small-cap company gained up to 2 percent in intraday despite Goldman Sachs Fund sold a 47.97 lakh equity share in the company.
Restaurant Brands Asia Ltd has a market capitalization of Rs 5,232.21 crore, the shares were trading at Rs 105.50 per share, increasing around 1.20 percent as compared to the previous closing price of Rs 104.25 apiece.
Today, the share of the company has seen positive movement despite the Goldman Sachs Fund, a foreign institutional investor, sold a 47.97 lakh equity share which is equivalent to 0.97 percent in the company, at an average price of Rs 104.05 per share.
However, as of March 2024, Goldman Sachs Fund holds 1.10 crore equity shares which represent 2.22 percent of Restaurant Brands Asia Ltd. The value of this transaction is Rs 49.9 crore.
Examining the company’s financial performance, revenue magnified by 16 percent from Rs 514 crore in Q4FY23 to Rs 597 crore in Q4FY24, but, during the same time frame, net loss magnified by 15 percent from Rs 80 crore to Rs 92 crore.
Restaurant Brands Asia Ltd (RBA) leverages digital transformation to diversify revenue and enhance customer experience. By modernizing restaurants with a drive-thru, self-ordering kiosks, digital menu boards, contactless payments, and predictive capabilities, RBA offers a seamless customer experience, expanding its customer base and accelerating sales growth through digital channels.
RBA partners with delivery platforms like Zomato, SkipTheDishes, DoorDash, and Postmates to enable digital delivery and has introduced loyalty programs and mobile app features for its Tim Hortons brand. These strategies, spanning digital ordering, payment options, and reward programs, diversify revenue streams across its Burger King, Tim Hortons, and Popeyes brands in India and Indonesia.
Examining the company’s recent shareholding pattern, the promoter owns 15.39 percent of the company, retail investors own 36.61 percent, domestic institutional investors own 23.15 percent at last Foreign institutional investors own 24.86 percent.
Burger King India Ltd. is an international quick-service restaurant company in India and developed around 260 eateries throughout key cities. The firm is an exclusive national master franchisee of Burger King in India, while its subsidiaries are exclusive national master franchisees of Burger King and Popeyes in Indonesia.
Written by:- Abhishek Singh
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