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Restaurant Brands Asia, the franchisee of Burger King India, reported a narrower quarterly loss on Wednesday as it added more outlets in the country and expanded its menu....
Restaurant Brands Asia, the franchisee of Burger King India, has reported a narrower quarterly loss of Rs 460.3 million ($5.5 million) from Rs 499.5 million a year earlier. Burger King India's revenue rose by 16%, but same-store sales growth slowed to 3.5%. The company's expenses also increased by 15%, with ingredient costs rising by over 20%. Other fast food chains in India, including KFC, Pizza Hut, McDonald's, and Domino's, also reported a decline in quarterly profit.
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Surging commodity prices are affecting virtually all nations, with India, currently the most populous country in the world, also feeling the effects of inflation.