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Buy Restaurant Brands Asia; target of Rs 150 Sharekhan

Sharekhan is bullish on Restaurant Brands Asia has recommended buy rating on the stock with a target price of Rs 150 in its research report dated November 08, 2023.

November 13, 2023 / 11:57 IST
Buy
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Restaurant Brands Asia

    Restaurant Brand Asia (RBA) posted strong performance in Q2 with consolidated revenues rising 19% y-o-y; EBIDTA margins improved by 421 bps y-o-y to 9%. India business‘ SSSG grew by 3.5% in H1; H2 guidance at 8-10%; FY24 SSSG will be at ~6% and for FY25 it is likely to be at ~8%. Indonesia business to break even by FY2024-end; value offering and introduction of chicken in menu is driving higher traffic for Indonesia business.

    Outlook

    Stock trades at 25x/16x/12x its FY2024E/FY2025E/FY2026E EV/EBIDTA. We maintain a Buy with an unchanged price target (PT) of Rs. 150.

    For all recommendations report, click here

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    Restaurant Brands Asia - 09 - 10-2023 - khan

    Broker Research
    first published: Nov 13, 2023 11:57 am

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