<p>Bengaluru: Restaurant Brands Asia, which operates <a href="https://www.deccanherald.com/tags/burger-king">Burger King</a> and Popeyes chains in India and Indonesia, reported a narrower first-quarter loss on Monday as offers and discounts brought more customers to its outlets.</p>.<p>The company's consolidated net loss narrowed to 493.6 million rupees ($5.90 million) in the three months ended June 30 from a loss of 504.8 million rupees a year earlier.</p>.<p>However, this is the company's fifteenth consecutive quarterly loss.</p>.<p>With growing competition in the quick service restaurant industry, Burger King India introduced "Tasty Meals" starting at 99 rupees to boost dine-in traffic.</p>.McDonald's sales fall globally for first time in more than three years.<p>The company, which runs quick service chains owned by Restaurant Brands International, said prices of ingredients rose 5 per cent.</p>.<p>India's quick-service restaurant (QSR) brands provided discounts and budget-friendly meals to draw in customers during a quarter that featured the T20 Cricket World Cup and a school holiday period.</p>.<p>Revenue increased about 6 per cent during the quarter, helped by higher footfall due to offers like the "Tasty Meals".</p>.Adani, Birla are in a high-stakes billionaire battle over cement.<p>Rival fast food chain McDonald's India franchisee Westlife Foodworld reported a plunge in first-quarter profit amid frail demand and higher expenses.</p>.<p>Other rivals such as KFC-operator Devyani International , Pizza Hut-operator Sapphire Foods, and Domino's India-franchisee Jubilant FoodWorks are yet to report results.</p>.<p>Shares of Restaurant Brands Asia closed 1.4 per cent higher ahead of quarterly results. </p><p><em>($1 = 83.6970 Indian rupees)</em> </p>
<p>Bengaluru: Restaurant Brands Asia, which operates <a href="https://www.deccanherald.com/tags/burger-king">Burger King</a> and Popeyes chains in India and Indonesia, reported a narrower first-quarter loss on Monday as offers and discounts brought more customers to its outlets.</p>.<p>The company's consolidated net loss narrowed to 493.6 million rupees ($5.90 million) in the three months ended June 30 from a loss of 504.8 million rupees a year earlier.</p>.<p>However, this is the company's fifteenth consecutive quarterly loss.</p>.<p>With growing competition in the quick service restaurant industry, Burger King India introduced "Tasty Meals" starting at 99 rupees to boost dine-in traffic.</p>.McDonald's sales fall globally for first time in more than three years.<p>The company, which runs quick service chains owned by Restaurant Brands International, said prices of ingredients rose 5 per cent.</p>.<p>India's quick-service restaurant (QSR) brands provided discounts and budget-friendly meals to draw in customers during a quarter that featured the T20 Cricket World Cup and a school holiday period.</p>.<p>Revenue increased about 6 per cent during the quarter, helped by higher footfall due to offers like the "Tasty Meals".</p>.Adani, Birla are in a high-stakes billionaire battle over cement.<p>Rival fast food chain McDonald's India franchisee Westlife Foodworld reported a plunge in first-quarter profit amid frail demand and higher expenses.</p>.<p>Other rivals such as KFC-operator Devyani International , Pizza Hut-operator Sapphire Foods, and Domino's India-franchisee Jubilant FoodWorks are yet to report results.</p>.<p>Shares of Restaurant Brands Asia closed 1.4 per cent higher ahead of quarterly results. </p><p><em>($1 = 83.6970 Indian rupees)</em> </p>