RESTAURANT BRAND ASIA (RBA)
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Jatin Gedia picks RBA, Black Box, Tata Steel as Nifty eyes 23,000
RBA, Black Box, Tata Steel: Jatin Gedia shares 3 stock ideas for today Nifty's near-term trend remains positive as an inverted head-and-shoulders pattern points to a possible move towards 23,000-23,080. Listen to This Article Disclaimer: This article is written by Jatin Gedia, VP, technical research Teji Mandi Investment Technologies. Readers' discretion is advised.
Restaurant Brands Asia shares surge on Q1 results
The company's Indian standalone business served as the primary growth driver, generating revenue of Rs 682.9 crore, up 23.6% YoY, with same-store sales growth (SSSG) hitting a 15-quarter high of 12.6%. Standalone Restaurant EBITDA grew 68.1% YoY to Rs 90 crore, with margins widening to 13.2%. RBA expanded its store footprint to 752 operating outlets in India.
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