| Same Store Sales Growth YoY% | |
|---|---|
| SAPPHIRE | -6% |
| RBA | 3% |
| DEVYANI | -7.8% |
| WESTLIFE | -6.7% |
| JUBILANT | -2% |
RBA is showing strength when comes to SSSG in the whole QSR space in India
The only concern that stands out as of today is the traction of business in Indoneasia and there plans to breakeven on cash level,EBITDA levels of indian entity seems like to be on a sustainable yet growing level managed by higher ADS due to value combos and intitaves like BK cafe.
Its imp to keep an eye on the Indoeasian business for next couple of quarters once the geopol issues gets subdued and the new menu and marketing+tech intiatives plays out well for the company.
On the technical side as well the peers or the QSR space have started to show some sort of strength that might coincide with the decent Quarterly results in the upcoming quarters and might lead to price xpansion
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