Q4 2024 Restaurant Brands Asia Ltd Earnings Call Transcript
Key Points
- Restaurant Brands Asia Ltd (BOM:543248) achieved a 22% revenue growth for the year, reaching INR 1,760 crores in India.
- The company doubled its company-level EBITDA despite a tough environment, demonstrating strong profitability focus.
- Restaurant Brands Asia Ltd (BOM:543248) opened 75 new restaurants with a net restaurant growth of 64, showing robust expansion.
- The company maintained positive same-store sales growth (SSSG) every quarter, ending the year at 2.9% SSSG.
- Digital initiatives, including table ordering and kiosk ordering, are being implemented in around 100 restaurants, enhancing customer experience.
- The company faced significant headwinds in Indonesia due to geopolitical issues, impacting sales and delaying cash breakeven to FY25.
- Despite positive traffic growth, the company’s SSSG was below initial guidance of 8-10%, ending at 2.9%.
- Restaurant-level EBITDA in India saw a decline in Q4, attributed to seasonality and increased marketing expenses.
- The company had to close 26 non-performing restaurants in Indonesia, indicating challenges in that market.
- There is a notable drop in Average Daily Sales (ADS) from INR 126 million in September to INR 105 million in the latest quarter, reflecting potential demand issues.
Ladies and gentlemen, good day, and welcome to the Restaurant Brand Asia Limited Q4 and FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Naveen Trivedi from Motilal Oswal. Thank you, and over to you, sir.
Yeah, hi. Thank you so much. So on behalf of Motilal Oswal, I would like to welcome you all to the Restaurant Brand Asia's Q4 FY24 earnings conference call. From the management today, we have Mr. Rajeev Varman, CEO and whole-time Director; Mr. Sandeep Dey, Brand President, Indonesia; Mr. Sumit Zaveri, Group CFO and Chief Business Officer; Mr. Kapil Grover, Chief Marketing Officer; and Mr. Prashant Desai, Head of Strategy and Investor Relations. Now I would like to hand over the call to the management for the opening remarks. Over to you, sir.
Good morning, everyone. This is
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
