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Burger King Q3 results: Fast food chain reports net loss of Rs 29 cr; revenue declines 28%
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BURGERKING 154 Dated 9 Feb 2021

Target 160, 180 & 200
Stoploss : 149 & 130

Burger King India reported a net loss of Rs 29.02 crore for the quarter ended December as against a net loss of Rs 21.72 crore in the year-ago quarter.

The company’s revenues in the quarter declined 28.4 per cent on-year to Rs 163.19 crore

At the end of January, Burger King said that the recovery in the topline was at 99 per cent of the pre-Covid levels

During the quarter, the company opened nine stores across the country to take its total store count to 270 as on December 31. The company expects to grow its store count to 470 by the end of 2023-24.

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