Restaurant Brands Asia announced Q4FY23 & FY23 results:
- Revenue from operations:
- FY23 Rs 14,397 million against FY22 Rs 9,437 million, grew by 52.6%; SSSG 23.1%
- Q4 FY23 Rs 3,649 million against Q4 FY22 Rs 2,687 million, grew by 35.8%; SSSG 8.3%
- Opened net 76 restaurants in FY23
- Gross profit margin:
- FY23 66.4% against FY22 65.8%, improved by 60 basis points
- Maintained 66.4% in Q4 FY 23 despite inflationary pressure
- Restaurant EBITDA (Post Ind AS 116):
- FY23 Rs 2,483 million; 17.3% against FY22 Rs 1,528 million; 16.2% improved by 110 basis points
- Q4 FY23 Rs 667 million; 18.3% against Q4FY22 Rs 478 million; 17.8%, improved by 50 basis points
- Company EBITDA (Post Ind AS 116):
- FY23 Rs 1,654 million; 11.5% against FY22 Rs 902 million; 9.6%, improved by 190 basis points
- Q4 FY23 Rs 423 million; 11.6% against Q4 FY22 Rs 302 million; 11.3%, improved by 30 basis points