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Burger King's India operator posts narrower Q2 loss on menu and store expansion

Reuters · 1y ago

Burger King's India operator posts narrower Q2 loss on menu and store expansion

Burger King India's franchisee, Restaurant Brands Asia, reported a narrower quarterly loss as it expanded its menu and added more outlets in the country. Consolidated net loss decreased to INR 460.3 million ($5.5 million) compared to INR 499.5 million in the same period last year. The company's revenue from operations also rose by 16%. However, same-store sales growth slowed to 3.5% from 27% a year earlier, and expenses increased by 15% due to a spike in ingredient costs. Shares of Restaurant Brands initially fell but then rose after the results were announced.

Related News

Mamearth-parent Honasa posts Rs 462 Cr revenue in Q2 FY25; slips into losses

Entrackr

Entrackr · 11m ago

Mamearth-parent Honasa posts Rs 462 Cr revenue in Q2 FY25; slips into losses

Honasa Consumer, the parent company of MamaEarth, released its second-quarter results today, showing a slight decline in revenue and reporting a loss for the period. The revenue for Q2 FY25 was Rs 462 crore compared to Rs 496 crore in Q2 FY24. The company reported a loss of Rs 18.6 crore in Q2 FY25, an improvement from a loss of Rs 29.4 crore in Q2 FY24. The current share price is Rs 378, with a market capitalization of Rs 12,278 crore or $1.46 billion.

McDonald's India franchisee Westlife posts surprise profit drop on higher costs

Reuters · 2y ago

McDonald's India franchisee Westlife posts surprise profit drop on higher costs

Westlife Foodworld, the operator of McDonald's restaurants in west and south India, reported lower-than-expected quarterly earnings due to rising costs, despite increased sales of burgers and fried chicken. Their net profit dropped to 223.7 million rupees from 315.4 million rupees a year earlier, while expenses rose by 9.7%. Revenue increased by 7.4% due to discounted meals and new store openings. The company faces challenges in a tough market, but it plans to expand its business. Westlife's shares declined by 2.2%.

Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push

Entrackr

Entrackr · 7h ago

Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push

Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push Home services marketplace Urban Company has reported strong topline growth during the second quarter of FY26, though its bottom line took a hit due to heavy investments in its newly launched vertical, Insta Help. According to the company’s quarterly financial results, Urban Company's revenue from operations rose 37% year-on-year to Rs 380 crore, while its net transaction value (NTV) grew 34% to Rs 1,030 crore. Urban Company’s India Consumer Services, which includes categories like cleaning, beauty, and repair, clocked Rs 262 crore in revenue. Its annual transacting users stand at 7.4 million, while its monthly active professionals increased to 57,251 during the quarter. Income from the native water purifier surged 179% to Rs 75 crore in Q2 FY26. Revenue from its international business stood at Rs 41 crore, while Insta Help, the company’s new daily housekeeping vertical launched earlier this year, has processed 468,000 orders in October 2025 with minimal revenue. With the new launch, the company has to expand its team as its employee benefits, marketing, and other overheads led its total expenditure to increase to Rs 462 crore in Q2 FY26, resulting in a net loss of Rs 59 crore, compared to a loss of Rs 1.82 crore in Q2 FY24. On a sequential basis, the firm posted a net profit of Rs 6.94 crore in Q1 FY26. According to Urban Company’s shareholders' letter, it expects consolidated EBITDA losses to continue in the near term as it invests aggressively in scaling Insta Help, which it sees as a large, high-frequency category critical to strengthening its core platform. At the end of September 2025, Urban Company’s total current assets stood at Rs 1,939 crore, providing ample liquidity to fund new initiatives and expansion. “While we are not yet generating free cash flow, our goal is to build a platform that maximizes long-term FCF per share and delivers lasting value to every shareholder,” said Abhiraj Singh Bhal, co-founder and CEO of Urban Company.

Swiggy 'very well positioned', eyeing organic growth for Instamart: Rohit Kapoor

Economic Times

Economic Times · 12m ago

Swiggy 'very well positioned', eyeing organic growth for Instamart: Rohit Kapoor

Swiggy, the Indian food delivery platform, is well-positioned for growth and is planning an IPO to raise Rs 11,327 crore. Swiggy's CEO, Rohit Kapoor, stated that the company is focused on organic growth but is open to acquisitions for its quick commerce arm, Instamart, if the opportunity arises. The IPO will consist of a fresh issue of shares worth Rs 4,499 crore, alongside an offer for sale of Rs 6,828 crore. The funds raised will be used for technology investments, marketing, debt payment, and general corporate purposes. Swiggy reported a narrower loss of Rs 611 crore in Q2 2024 compared to the previous year.

Swiggy posts Rs 3,600 Cr revenue in Q2; Instamart contributes 13.6%

Entrackr

Entrackr · 11m ago

Swiggy posts Rs 3,600 Cr revenue in Q2; Instamart contributes 13.6%

Foodtech and quick commerce giant Swiggy has managed a 30.3% quarter-on-quarter growth in its operating revenue which spiked to Rs 3,601 crore during Q2 FY25 as compared to Rs 2,763 crore Q2 FY24. This growth was largely driven by the expansion of its quick commerce businesses which grew 135% in the last quarter. Swiggy’s food delivery business continues to be a major contributor, accounting for 43.7% of the total collection in Q2 FY25. Revenues from this vertical grew 23% to Rs 1,575 crore from Rs 1,281 crore in Q2 FY24. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 135% to Rs 490 crore in Q2 FY25 from Rs 208 crore in Q2 FY24. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new stores, contributing significantly to the company’s overall revenue. Scootsy Logistics contributed a major 40% of Swiggy’s overall operating income. Income from this entity increased by 22% quarter-on-quarter to Rs 1,452 crore in Q2 FY25 from Rs 1,190 crore in Q2 FY24. Scootsy alone earned a total revenue of Rs 5,196 crore of revenue in FY24. This vertical is engaged in the business of supply chain services and distribution. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 3,686 crore in Q2 FY25. On the cost side, the procurement of FMCG products for supply chain distribution formed 32.2% of its overall cost which increased by 16.1% to Rs 1,388 crore in Q2 FY25. Meanwhile, the delivery charges saw a modest 4.7% growth to Rs 1,095 crore in Q2 FY25. Swiggy spent Rs 607 crore and Rs 605 crore on employee benefits and advertising, respectively. Its legal, infrastructure, and other overheads pushed the overall cost up by 22.9% to Rs 4309 crore in Q2 FY25. The 30.3% scale and controlled expenditure helped Swiggy to decrease its losses by 4.9% to Rs 625 crore in Q2FY25 from Rs 657 crore in Q2FY24. It spent Rs 1.19 to earn a rupee in Q2FY25.

Exclusive: Burger Singh scoops up Rs 47 Cr in fresh funding round

Entrackr

Entrackr · 3m ago

Exclusive: Burger Singh scoops up Rs 47 Cr in fresh funding round

Exclusive: Burger Singh scoops up Rs 47 Cr in fresh funding round Burger Singh runs a hybrid model with both company-owned and franchise-led outlets, serving a range of burgers, momos, fries, beverages, and desserts. Homegrown quick service restaurant chain Burger Singh has raised Rs 47.15 crore (around $5.5 million) in a fresh round co-led by Negen Value Fund and Nine Rivers Capital. Rhodium Trust also participated alongside 19 other investors. As per regulatory filings accessed via the Registrar of Companies (RoC), the board approved a special resolution to issue 4,994 compulsory cumulative preference shares at an issue price of Rs 94,430 each to raise the funds. Negen Value Fund and Nine Rivers Capital contributed Rs 12 crore each, while Rhodium Trust invested Rs 8.5 crore. Turner Morrison and Thapar Family Trust pitched in with Rs 3.5 crore and Rs 2 crore, respectively. The round also saw participation from individual investors, including Vikas Kapur, Nomita Kapur, Sarfaraz Singh, and Rohit Khattar. The company plans to deploy the capital towards operations, capex, expansion, and general corporate purposes. As per Entrackr’s estimates, Burger Singh has been valued at around Rs 458 crore ($54 million) post-money. Queries sent to Kabir Singh (Founder of Burger Singh) didn't elicit any response till the publication of the story. The chain currently has over 175 outlets across 75 cities and aims to scale its footprint to more than 1,000 outlets by 2026. The company has yet to file its FY25 numbers. During the fiscal year ended March 2024, its revenue from operations grew 34% year-on-year to Rs 77.7 crore, up from Rs 57.8 crore in FY23. Burger Singh reported a net loss of Rs 27.91 crore during FY24. It competes with both global and local chain QSR (quick service restaurants) such as McDonald’s, Burger King, Wendy’s, Jumboking, Wat-a-Burger, Burgernama, and several others.

Rebel Foods may spend ₹200 crore to expand cloud kitchens, food courts

Livemint

Livemint · 1y ago

Rebel Foods may spend ₹200 crore to expand cloud kitchens, food courts

Rebel Foods, the operator of multiple food brands including Faasos and Behrouz Biryani, plans to invest ₹100-200 crore to expand its dark kitchens and food court format EatSure. The company aims to open 100 stores and capitalise on the return of in-store dining as the pandemic subsides. Rebel Foods currently operates over 450 cloud kitchens in India, the Middle East, and other regions. It also runs outlets for fast-food chain Wendy's. The offline expansion comes as the company prepares for a potential stock market listing in 2026.

Swiggy Day 1: Stock closes 10% higher on bourses

YourStory

YourStory · 11m ago

Swiggy Day 1: Stock closes 10% higher on bourses

Swiggy, the food delivery and quick commerce firm, had a strong public debut on the domestic bourses. Its shares closed 10.48% higher on the NSE and 10.67% higher on the BSE. The company aims to raise around Rs 11,700 crore through its IPO, which was oversubscribed 3.59 times. The funds raised will be used for investing in subsidiary Scootsy, reducing debt, expanding the dark store network, enhancing technology capabilities, and strengthening brand-building initiatives. Swiggy's Q2 results, including average order value and dark store network expansion, will be closely watched by investors and analysts.

Vodafone Idea narrows losses to ₹6,434 crore, revenues down, Arpu flat

Livemint

Livemint · 1y ago

Vodafone Idea narrows losses to ₹6,434 crore, revenues down, Arpu flat

Vodafone Idea reported a narrower loss of ₹6,434 crore for the quarter ending June 2024, with revenues slightly shrinking to ₹10,508 crore. The telecom carrier added 12 consecutive quarters of 4G subscribers, reaching a base of 126.7 million. Average revenue per user (Arpu) improved to ₹146, but remained flat sequentially. The company is in talks with lenders to secure debt funding of ₹35,000 crore for network expansion. It recently raised ₹24,500 crore through a follow-on public offer and equity issuance to its equipment vendors and promoter group. The company plans to expand its 4G coverage and capacity and launch 5G services.

After US, China struggles, will Starbucks pay the price in India?

Livemint

Livemint · 1y ago

After US, China struggles, will Starbucks pay the price in India?

Starbucks has opened its first experimental store in Delhi, India, showcasing a unique menu and locally influenced beverages. The coffee chain, which has 452 stores in India, faces competition from nearly a dozen other coffee chains, including Cafe Coffee Day and Barista. However, Starbucks is confident in the headroom for growth in the Indian market and believes that there is space for multiple coffee chains.

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