Restaurant Brands Asia, incorporated in the year 2013, is a small cap company (having a market cap of Rs 6264.69 Crore) operating in tourism & hospitality sector.
Its key Products/Revenue Segments include Beverages & Food, Scrap and Other Services for the year ended March 31, 2022.
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 502.23 crore, up 22.69 per cent from last quarter Total Income of Rs 409.34 crore and unchanged from last year same quarter total income of Rs crore. Company has reported net profit after tax of Rs -50.89 crore in latest quarter.
The company’s top management includes Mr.Shivakumar Pullaya Dega, Mr.Rajeev Varman, Mr.Jaspal Singh Sabharwal, Mr.Rafael Odorizzi De Oliveira, Mr.Ajay Kaul, Mr.Amit Manocha, Mr.Tara Subramaniam, Mr.Sandeep Chaudhary. Company has SRBC & Co LLP as its auditors. As on June 30, 2022, the company has a total of 49 Crore shares outstanding.
The brokerage remains constructive on Restaurant Brands Asia (RBA) post recent management interaction and retain ‘Accumulate’ for long term gains. They believe RBA presents a compelling opportunity to play Burger King brand in India and Indonesia along with Popeyes in Indonesia.
The brokerage expects Indonesia’s turnaround to be back ended given
1) extensive restructuring of stores/ locations and menu
2) 80% post-COVID recovery
3)initial losses post launch of Popeyes in FY23 and
4) focus on FSDT formatwith BK, BK Café and Popeyes at one location.
Retain ‘Accumulate’ withSOTP based TP of Rs156 (Rs148 earlier) for long term gains.
Promoters held 40.91 per cent stake in the company as of June 30, 2022, while FIIs owned 27.06 per cent, DIIs 8.92 per cent.
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