Buy Restaurant Brands Asia, target price Rs 135: Motilal Oswal

Motilal Oswal has buy call on Restaurant Brands Asia Ltd. with a target price of Rs 135. The current market price of Restaurant Brands Asia is Rs 115.3.

Restaurant Brands Asia Ltd., incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 5704.82 Crore) operating in Tourism & Hospitality sector.

Restaurant Brands Asia Ltd. key Products/Revenue Segments include Beverages & Food, Scrap and Other Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 628.18 Crore, up 1.66 % from last quarter Total Income of Rs 617.90 Crore and up 17.32 % from last year same quarter Total Income of Rs 535.45 Crore. Company reported net profit after tax of Rs -50.65 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 15.43 per cent stake in the company as of 30-Sep-2023, while FIIs owned 29.92 per cent, DIIs 22.21 per cent.