JUBLFOOD

March 20 (Reuters) - ** Shares of Jubilant FoodWorks JUBI.NS fall as much as 2.73% to 620 rupees apiece

** Drop after CLSA says depreciation of Turkish lira is a potential risk for food service company

** Lira depreciated 5% on Wednesday and is down 8.5% YTD

** In early 2024 JUBI acquired DP Eurasia, which operates in Turkey, Azerbaijan and Georgia, and contributed 31% of JUBI's overall sales in December quarter

** JUBI's debt stands at 12.3 billion rupees ($142 million), of which 80% is payable from Turkish cashflow

** "Depreciation of the Lira would lead to additional interest cost burden for JUBI in repayment of debt taken to acquire DP Eurasia," says Aditya Soman, analyst at CLSA

** Average rating of 28 analysts tracking JUBI is "buy"; median TP is 700 rupees - data compiled by LSEG

** JUBI shares down 12.5% YTD vs 11% drop in midcap index .NIFMDCP100

($1 = 86.3825 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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Feb 28 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• GETS ORDER DEMANDS GST OF 27.2 MILLION RUPEES

Source text: ID:nBSE15rSWK

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Feb 25 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• JUBILANT FOODWORKS- RECEIVED STATEMENT FROM SHYAM BHARTIA, CHAIRMAN, JUBILANT BHARTIA

• JUBILANT FOODWORKS- BHARTIA DENIES ALL ALLEGATIONS REGISTERED IN FIR BY POLICE

Source text: ID:nBSE9MJzdW

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Feb 12 (Reuters) - India's Jubilant Foodworks JUBI.NS reported a drop in third-quarter profit on Wednesday, as the Domino's Pizza DPZ.N franchisee's margins were dented by higher wage costs as well as raw materials such as vegetable and meat.

Jubilant reported profit of 429.1 million rupees for the quarter ended December 31, compared to a year ago profit of 657.09 million rupees

(Reporting by Ananta Agarwal in Bengaluru; Editing by Eileen Soreng)

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** Domino's India operator Jubilant FoodWorks JUBI.NS rises as much as 5% to 796.75 rupees, highest since Jan. 17, 2022

** Stock set for fourth straight session of gains

** Co says its Q3 consol rev from ops up 56.2% Y/Y, standalone rev from ops up 18.9% Y/Y

** JUBI logs most active trading session since Nov. 12, 2024, with more than 6.1 mln shares traded - 3.2x the 30-day avg

** Stock rated "hold" on avg; median PT is 630.50 rupees - LSEG

** JUBI rose 5.3% in December quarter - its third straight quarterly gain

(Reporting by Ashish Chandra in Bengaluru)

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** Domino's India-operator Jubilant FoodWorks JUBI.NS climbs 2.3% to 755.65 rupees, highest since Jan. 2022

** Jefferies ("buy") hikes PT to Street-high of 1,000 rupees, implying a 35% upside to last close

** Motilal Oswal ("neutral") raises PT by 28% to 800 rupees, 2nd-highest on Street and an 8.2% upside to last close

** All the other 26 brokerages have a PT that is below JUBI's current price, per LSEG data; their avg rating is "hold"

** Jefferies expects growth boosters --such as no delivery fee, dine-in meal at 99 rupees --to lift same-store sales growth

** JUBI CEO Sameer Khetarpal told Motilal he was optimistic on margin recovery as order volumes, operational efficiencies improve

** JUBI gained 27% in 2024, biggest annual jump since 2021

(Reporting by Manvi Pant in Bengaluru)

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Dec 26 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH COCA-COLA INDIA

• PACT FOR TERMS FOR PURCHASE OF PORTFOLIO OF SPARKLING BEVERAGE PRODUCTS, OTHER PRODUCTS FROM COCA-COLA

  
  

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Corrects media packaging code; no changes to text

Dec 11 (Reuters) - Jubilant Bhartia Group said on Wednesday it will buy a 40% stake in Hindustan Coca-Cola Beverages, the largest Coca-Cola bottler in India.

(Reporting by Indranil Sarkar in Bengaluru; Editing by Savio D'Souza)

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** Shares of Jubilant Foodworks JUBI.NS jump 7.9% to 649.75 rupees

** Domino's Pizza India restaurant operator posts positive same-store sales growth for second quarter in a row, while peers still in negative territory nL4N3MI0PZ

** Jefferies says it likes JUBI's strategy of "growth over margins" and avoiding price hikes; maintains "buy"

** Elara Capital ("reduce") says JUBI will benefit most from rising trend of ordering in, rather than dining out

** Over 10.9 mln shares traded, 6x 30-day avg volume

** Analysts rate JUBI "hold", on avg -LSEG data

** But at least 9 PT hikes, incl by Jefferies and Elara, lifts the median to 620 rupees from 600 rupees last month

** JUBI extends YTD gains to 15%, most among restaurant operators

(Reporting by Nandan Mandayam in Bengaluru)

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Nov 11 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• JUBILANT FOODWORKS Q2 CONSOL NET PROFIT 640.5 MILLION RUPEES; IBES EST. 635.2 MILLION RUPEES

• JUBILANT FOODWORKS Q2 CONSOL REVENUE FROM OPERATIONS 19.55 BILLION RUPEES

Source text: ID:nBSE9q2qcF

Further company coverage: JUBI.NS

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Nov 7 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• JUBILANT FOODWORKS - TO INVEST UPTO 400 MILLION RUPEES IN JUBILANT FOODWORKS NETHERLANDS B.V.

Source text: [ID:]

Further company coverage: JUBI.NS

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Oct 24 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• GOT TAX DEMAND ORDER FOR 2.16 BILLION RUPEES

Source text for Eikon: ID:nBSE1cpV7F

Further company coverage: JUBI.NS

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- Source link: (https://shorturl.at/Cl158)

- Note: Reuters has not verified this story and does not vouch for its accuracy

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Oct 1 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• GETS FINAL ASSESSMENT ORDER RAISING TAX DEMAND OF 707.9 MILLION RUPEES

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By Praveen Paramasivam

CHENNAI, Sept 25 (Reuters) - Indian fast-food chain Wow Momo Foods plans to go public within two years, its CEO said, as the popular dumpling brand aims to replicate the rapid expansion of Domino's Pizza in the world's most populous country.

India's $5 billion fast-food sector has seen significant growth, driven by rising demand among low- and middle-income families.

Valued at 25 billion rupees ($299.33 million) with a network of 650 stores, Wow Momo plans to become the first major local fast-food chain to go public, riding on this shift in consumer behavior.

Tiger Global-backed Wow Momo, which reported revenue of nearly 4.8 billion rupees ($57.47 million) for the fiscal year ending in March, is aiming to double its revenue to 10 billion rupees over the next 30 months, co-founder and CEO Sagar Daryani told Reuters late on Tuesday.

"The public markets are really, really growing ... One homegrown fast-food chain IPO in India will change the script for fast-food play (in the country)," Daryani said.

India's booming stock market .NSEI has hit record highs over 50 times this year, with nearly 200 companies, including e-scooter maker Ola Electric OLAE.NS and telecom operator Bharti Hexacom BHAX.NS, raising billions.

In the restaurant sector, franchisees of Western brands like KFC, McDonald's MCD.N, Burger King, and Domino's DPZ.N have gone public in the past decade. One of the most recent local listing was of Barbeque-Nation Hospitality BARQ.NS, which went public three years ago.

Shares of Bengaluru, Karnataka-based Barbeque-Nation have climbed nearly 28% from their IPO price despite seeing some challenges with footfalls among inflation-weary consumers.

Daryani said he plans to replicate Jubilant FoodWorks JUBI.NS's success, which has expanded Domino's from a single store in India in 1996 to over 1,800 outlets.

Wow Momo, which offers savory dumplings priced between 109-369 rupees ($1.31-$4.42) per serving, plans to increase its store count to 1,000 and become profitable on the basis of a core earnings metric within two years.

While the company experienced a dip in same-store sales from October to May, mirroring a broader slowdown in the Indian fast-food space, sales have recovered, turning positive from June to September, Daryani added.

($1 = 83.5200 Indian rupees)

(Reporting by Praveen Paramasivam; Editing by Nivedita Bhattacharjee)

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Aug 9 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• JUBILANT FOODWORKS Q1 CONSOL NET PROFIT 558 MILLION RUPEES

• JUBILANT FOODWORKS Q1 CONSOL REVENUE FROM OPERATIONS 19.33 BILLION RUPEES

Further company coverage: JUBI.NS

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June 28 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• PROPOSED INTERNAL RESTRUCTURING OF CERTAIN OVERSEAS UNITS IS BEING DEFERRED TILL FURTHER INTIMATION

Source text for Eikon: ID:nBSE8LMcqX

Further company coverage: JUBI.NS

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Adds analyst estimates on likely inflows into Adani Ports in paragraph 5

By Bharath Rajeswaran

BENGALURU, May 24 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS will replace Wipro WIPR.NS in the 30-stock blue-chip S&P BSE Sensex .BSESN, the operator of the index said on Friday.

The BSE, in its semi-annual rebalancing exercise, included the country's largest private port operator, making it the first Adani Group company to join the Sensex, effective June 24.

The Sensex ended the session muted ahead of the announcement. .BO

Two Adani Group companies - Adani Enterprises ADEL.NS and Adani Ports are already part of the other benchmark index NSE Nifty 50 .NSEI.

Adani Ports could see inflows of $252 million after inclusion into the Sensex, while Wipro will likely witness outflows worth $161 million, said Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.

Adani Ports' inclusion into the Sensex came on the same day when shares of Adani Enterprises recovered in intraday trade to levels last seen in January 2023, before a report by Hindenburg Research triggered a sell-off in Gautam Adani's ports-to-power conglomerate.

Since that report, Adani Ports and Adani Power ADAN.NS have been the best-performing group stocks, rising 86.04% and 157.4%, respectively. They were also the first two Adani companies to bounce back from the drop.

Earlier in May, Adani Ports posted a 76% rise in its fourth-quarter profit, helped by record cargo volumes.

Its stock has jumped 6% this week, its best weekly performance since early February.

Besides the Sensex rejig, REC RECM.NS, HDFC Asset Management HDFA.NS, Canara Bank CNBK.NS, Cummins India CUMM.NS and Punjab National Bank PNBK.NS have been included in the BSE 100 index .BSE100.

The stocks replaced in that index are Page Industries PAGE.NS, SBI Cards and Payment Services SBIC.NS, ICICI Prudential Life Insurance ICIR.NS, Jubilant FoodWorks JUBI.NS and Zee Entertainment Enterprises ZEE.NS.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sohini Goswami and Varun H K)

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** Shares of Jubilant Foodworks JUBI.NS up as much as 4.7%to 502.40 rupees; last up 1.2%

** Domino's India franchisee reported a jump in Q4 profit, benefiting from a one-time gain and more store openings

** Profit before tax stood at 2.25 bln rupees ($27 mln) for the March-qtr, which included a one-time gain of 1.70 bln rupees from revaluing its investment in DP Eurasia N.V. when it acquired more shares

** Nuvama Institutional Equities flags that for JUBI's valuations to improve, a revival in same store sales growth and like-for-like growth is critical

** Expecting a gradual recovery, FY25 and FY26 earnings estimates are cut by 6% and 1%, respectively; revised target price is 487 rupees from 498 rupees - Nuvama

** Average rating of 28 analysts covering stock is "hold"; median PT is 499 rupees - LSEG data

** Including session's move, stock is down 14.6% YTD

($1 = 83.2940 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Rewrites paragraph 1, adds details and analyst comment from paragraph 2-9

By Navamya Ganesh Acharya

BENGALURU, May 22 (Reuters) - Jubilant FoodWorks JUBI.NS reported a rise in fourth-quarter profit on Wednesday as the Domino's Pizza DPZ.N franchisee benefited from a one-time gain and more stores openings.

It reported profit before tax of 2.25 billion rupees ($27 million) for the quarter ended March 31, which included a one-time gain of 1.70 billion rupees from revaluing its investment in DP Eurasia N.V. when it acquired more shares.

Last year, it had reported a profit of 534 million rupees.

Jubilant also said it opened 67 new Domino's stores during the quarter, bringing the total store count to 1,995, helping its overall revenue rise nearly 24% to 15.73 billion rupees.

Like-for-like sales - sales at stores which were open for at least a year - edged up 0.1%, snapping four consecutive quarters of declines.

However, despite cooling inflation concerns, its earnings before interest, tax, depreciation, and amortization (EBITDA) margin decreased year-on-year to 19.7%, which Karan Taurani, a consumer analyst at Elara Capital, called a "negative" sign.

The pizza category in India continued to remain under pressure due to investments in promotions, value meals, and the dominance of online delivery in an increasingly competitive pizza market, Taurani said.

Jubilant's total expenses rose 28.2% to 15.45 billion rupees.

Global fast-food restaurants have struggled to entice customers over the last few quarters in India amid stubbornly high inflation and increased competition from local rivals.

Rival Westlife Foodworld WEST.NS reported a 96% decline in its profit as inflation-weary consumers cut back spending.

Shares of Jubilant closed 0.06% higher on Wednesday.

($1 = 83.2630 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru and Praveen Paramasivam in Chennai; Editing by Janane Venkatraman and Varun H K)

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Adds details

BENGALURU, May 10 (Reuters) - Sapphire Foods India SAPI.NS, which operates the Pizza Hut and KFC chains of restaurants, posted its biggest profit fall since listing and missed estimates on Friday, as inflation-weary customers continued to cut back on dining out and ordering in.

The Yum Brands YUM.N franchisee's consolidated net profit fell 98% to 23.9 million Indian rupees ($286,271.4) for the quarter ended March 31, marking its fourth straight quarterly profit fall.

Analysts, on average, had expected a profit of 44.5 million rupees, according to LSEG data.

Shares of the company, which went public in November 2021, fell as much as 3.3% after the results.

India's quick-service restaurants struggled throughout the fiscal year to lure in customers, who cut back spending due to sticky inflation. The country's food inflation, which accounts for nearly half of the overall consumer price basket, has remained high so far this year.

Sapphire Foods's restaurants launched new items at lower prices, as well as valued-added meals such as Pizza Hut's launch of a cheesy pizza-sandwich meal called Melts priced at 259 rupees and above, but customers could not be swayed.

Expenses rose 15% as raw material prices climbed 9.4%. Revenue climbed 12.7% to 6.2 billion rupees.

Rival McDonald's India franchisee Westlife WEST.NS also posted a 96% slide in fourth-quarter profit on frail demand.

Devyani International DEVY.NS, which also operates KFC outlets in the country, and Domino's India-franchisee Jubilant FoodWorks JUBI.NS are yet to report results.

($1 = 83.4872 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Janane Venkatraman)

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By Navamya Ganesh Acharya and Praveen Paramasivam

BENGALURU/CHENNAI, April 24 (Reuters) - Top fast-food franchisees in India are likely to report a slump in quarterly earnings as cash-strapped consumers continued to cut back on dining out and ordering in, analysts said, spurning the hundreds of new restaurants that operators opened in 2023.

Pizza franchisees such as Jubilant Foodworks JUBI.NS, Devyani International DEVY.NS and Sapphire Foods India SAPI.NS struggled throughout 2023 due to heightened competition, with burger chains also joining the struggle later in the year due to inflation.

Even new affordable menu items, such as Burger King's 99-rupee combination of burger, beverage, and fries, introduced last year, failed to lure customers as India's monthly inflation rate remained above the target rate so far this year.

"Earlier you might be visiting (fast-food chains) three or four times monthly. Now everyone is restricting to once or twice," said Kranthi Bathini, equity strategist at WealthMills Securities.

Analysts polled by LSEG estimate net income slumping between 54% and 97% in the March quarter for Devyani and Sapphire, which run the Pizza Hut chain of restaurants, and McDonald's operator Westlife Foodworld WEST.NS.

They expect a net loss at Burger King operator Restaurant Brands Asia RESR.NS to widen sequentially, also marking at least a 12th consecutive quarterly loss.

Same-store sales are also likely to fall across the board, analysts say, with the decline expected to be more pronounced at Pizza Hut stores at more than 10%.

However, this has not deterred franchisees - including Sapphire and Devyani, which also run KFC stores, - from opening new restaurants nationwide, from Kalimpong hill town in West Bengal to Shoolagiri village in Tamil Nadu.

While restaurant operators and analysts expect the aggressive store opening plans to drive long-term growth, it has not immediately translated to earnings growth, also squeezed by stiff competition from local rivals.

Local pizzerias such as La Pino'z are mounting pressure on international counterparts, while Restaurant Brands and Westlife face competition from regional players such as Jumboking and Biggies Burger.

Westlife kicks off restaurant earnings on May 8 in India, while others are expected to report in the following days.

Like consumer goods analysts, restaurant experts also expect a rebound in demand in the second half of the financial year - roughly from October onwards - on rising expectations of the cost of living easing.

(Reporting by Navamya Ganesh Acharya in Bengaluru and Praveen Paramasivam in Chennai; Editing by Janane Venkatraman )

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March 29 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• JUBILANT FOODWORKS - ACQUIRES STAKE IN O2 RENEWABLE ENERGY XVI

Source text for Eikon: ID:nBSE8ctN6Q

Further company coverage: JUBI.NS

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March 27 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• RECEIVED AN ORDER LEVYING DEMAND OF 171.2 MILLION RUPEES

Further company coverage: JUBI.NS

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March 1 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• SUMAN HEGDE JOINS AS CHIEF FINANCIAL OFFICER OF JUBILANT FOODWORKS

Further company coverage: JUBI.NS

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Adds stock reaction; paragraphs 8, 14

By Dhwani Pandya and Praveen Paramasivam

MUMBAI, Feb 27 (Reuters) - India's western state of Maharashtra will inspect outlets of global fast-food brands to check if they use cheese alternatives in products wrongly promoted as containing real cheese, widening scrutiny beyond a crackdown on McDonald's, a top official said.

The checks threaten to cause a headache for global brands after recent inflationary pressure hit consumption of burgers and pizzas that are pricey for many Indian consumers, prompting firms to launch of discounted offerings.

McDonald's MCD.N biggest India franchisee, Westlife Foodworld, WEST.NS has been defending its use of "real cheese" after media reported that state authorities last year found some products made use of so-called cheese analogues of vegetable oil, rather than real cheese.

The McDonald's franchisee disagreed with the findings, but in December it dropped the word "cheese" from the names of many burgers and nuggets it sells statewide, letters seen by Reuters show.

It renamed a "corn and cheese burger" as an "American vegetarian burger", for example.

Inspectors of the state's Food and Drug Administration will now visit all McDonald's outlets, as well as those of other major brands, to check for similar violations of display and labelling rules, its chief, Abhimanyu Kale, told Reuters.

"We are planning to check all outlets of McDonald's," he said. "We will also take action on other well-known and frequently visited global fast-food chain outlets," he added, but declined to identify the brands being targeted.

Shares of Westlife plunged as much as 6.7% after the Reuters report.

Another senior state government official, who sought anonymity, said inspectors would visit Indian franchisee outlets of brands such as Domino's DPZ.N, Pizza Hut, Burger King and KFC.

Indian state authorities have the power to suspend the licences of restaurants found to have infringed food and safety regulations in a way that misleads consumers.

Westlife, which runs McDonald's in west and south India, will welcome any inspections and maintains the "highest standards", its managing director, Saurabh Kalra, said.

Domino's franchisee Jubilant FoodWorks JUBI.NS, Burger King operator Restaurant Brands Asia RESR.NS and Devyani International DEVY.NS, which operates Yum Brands' YUM.N Pizza Hut and KFC in India, did not respond to Reuters queries.

Another Pizza Hut operator, India's Sapphire Foods SAPI.NS, declined comment.

Devyani shares slipped on Tuesday's news to trade down 4%.

India's western state of Maharashtra is its second most populous. Home to the financial capital Mumbai, which has about 100 McDonald's outlets, and many other urban cities, it is a key market for global fast-food brands.

In the McDonald's case, state food inspectors suspended the licence of one outlet east of Mumbai in November for allegedly using analogues in products promoted as containing cheese.

The suspension was later revoked on appeal by Westlife, the franchisee.

The company reassured many consumers online who voiced concerns about its cheese offerings, saying on social network X that it uses "globally approved gold-standard suppliers".

"Our cheese is made from real milk only and we do not use any substitutes or cheese analogues," it said on Monday.

(Editing by Aditya Kalra and Clarence Fernandez)

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** Shares of Jubilant Foodworks JUBI.NS fall 2% to 485.25 rupees; last down ~1%

** Analysts at BNP Paribas flag risks to earnings of the Domino's Pizza's India operator amid intensifying competition and sluggish demand

** Co's revenue growth has been led by store expansion even amid weakness in per store revenue - BNP Paribas

** Adds, store expansion will also be curtailed if demand weakness persists

** Since posting a surprise fall in Q3 profit on Jan. 30, the stock is down about 5%

** At least 14 analysts have downgraded rating on JUBI after its results; current avg recommendation is a "hold" - LSEG data

** Median PT is 495 rupees vs 510 rupees a month earlier; 21 analysts have cut PTs on the stock since earnings - LSEG

(Reporting by Kashish Tandon in Bengaluru)

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By Nandan Mandayam and Ashna Teresa Britto

BENGALURU, Jan 31 (Reuters) - Indians are going out less often for pizzas and burgers, third-quarter results at Domino's and McDonald's local franchisees showed on Wednesday, with analysts noting that tough competition and demand-dampening inflation would strain their earnings in the near term.

Domino's restaurants operator Jubilant Foodworks JUBI.NS reported a surprise profit fall, while Westlife Foodworld WEST.NS, which operates McDonald's restaurants in south and west India, posted a bigger-than-expected profit drop.

Quick-service restaurant (QSR) operators in the country have done everything from rolling out cheaper offerings and increasing discounts to cutting packaging costs in a bid to prop up demand but have failed to get Indians to eat out more often amid high inflation.

The same companies were among the biggest beneficiaries during last year's festive session as Indians began dining out more often after several pandemic-ridden years.

The demand slowdown after 2023's high base has not only dragged their earnings, but has also resulted in negative same-store-sales growth (SSSG) compared to the usual 5%.

While demand weakness "might be near the bottom," the industry is unlikely to reach earlier SSSG growth, said Karan Taurani, an analyst with Elara Capital.

The margins of the two companies are also unlikely to see a "significant recovery," according to Amnish Agarwal, analyst at Prabhudas Lilladher, with Taurani also adding that intensifying competition from smaller players would keep margins "strained."

Jubilant's profit of 657.1 million rupees ($7.9 million) was down for a fifth straight quarter, much lower than analyst estimates of 902.6 million rupees, while its revenue growth slowed for the seventh quarter in a row.

Westlife, meanwhile, reported its first revenue fall in three years and its profit of 172.4 million rupees came in far below analyst estimates of 331.1 million rupees, as per LSEG data.

($1 = 83.0180 Indian rupees)

(Reporting by Nandan Mandayam and Ashna Teresa Britto in Bengaluru; Editing by Sohini Goswami and Janane Venkatraman)

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Jan 30 (Reuters) - Jubilant Foodworks Ltd JUBI.NS:

• UNIT RECEIVED ACCEPTANCES FROM SHAREHOLDERS OF DP EURASIA N.V. UNDER OPEN OFFER

• OPEN OFFER FOR ABOUT 19.7% DPEU STAKE FOR GBP 31.7 MILLION

• UNIT TO HOLD 75.8% OF SHARE CAPITAL OF DPEU

Source text for Eikon: ID:nBSEb605hR

Further company coverage: JUBI.NS

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BENGALURU, Jan 29 (Reuters) - Restaurant Brands Asia RESR.NS, which operates Burger King and Popeyes chains in India and Indonesia, reported a narrower third-quarter loss on Monday, boosted by strong sales in the festive season.

The company's consolidated net loss narrowed to 361.8 million rupees ($4.4 million) in the three months ended Dec. 31, from 504.2 million rupees a year earlier.

Nonetheless, this is the company's seventeenth consecutive quarterly loss, hurt this time around by a nearly 10% jump in total expenses.

The company, which runs quick service chains owned by Restaurant Brands International QSR.TO, said prices of ingredients including chicken, cheese, tomatoes and onions rose 12.6%.

However, revenue increased about 15% during the quarter, helped by consumers stepping out during the Diwali festival in India and the Christmas holiday period more broadly.

Sales also got a boost in India, which accounts for about 74% of total sales, as some vegetarian-centric religious periods fell in September this year, instead of October.

During the October-December quarter, Restaurant Brands Asia's same-store sales growth at Indian Burger King restaurants slowed to 2.6% from 28% in the year-ago quarter.

Rival fast food chain operators such as KFC-operator Devyani International DEVY.NS, Pizza Hut-operator Sapphire Foods SAPI.NS, McDonald's-operator Westlife Foodworld WEST.NS and Domino's India-franchisee Jubilant FoodWorks JUBI.NS are yet to report results.

Restaurant Brands Asia's shares closed down at 2.9% ahead of results on Monday.

($1 = 83.1300 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sherry Jacob-Phillips and Savio D'Souza)

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