Burger King's Net Loss Narrows To Rs 44.35 Crore In June Quarter

Burger King Q1 Results: Burger King reported a net loss of Rs 44.35 crore in the June quarter, compared to a loss of Rs 80.45 crore in the corresponding quarter last year.

Burger King India announced its April-June quarter results for the financial year 2021-22, reporting a net loss of Rs 44.35 crore, compared to a loss of Rs 80.45 crore in the corresponding quarter last year. The company's net loss narrowed in the first quarter of the current fiscal on account of muted sales last year due to the nationwide lockdown to contain the spread of the COVID-19 pandemic.  Burger King's revenue from operations or sales in the June quarter stood at Rs 149 crore, compared to Rs 38.49 crore in the corresponding period last year, marking a growth of 289 per cent year-on-year. On Friday, August 13, shares of Burger King settled 0.96 per cent lower at Rs 170.30 apiece on the BSE.