Indian Burger King operator Restaurant Brands Asia reported a narrower first-quarter loss on Thursday, as its discounted menu items continued to draw in budget-conscious diners.

The company reported a net loss of Rs 41.94 crore for the three months ended June 30, compared to a Rs 49.36 crore loss a year earlier.

Fast food chains in India have been grappling with the double whammy of stiff competition from local rivals and muted demand from urban consumers due to high living costs.

To lure in the price-conscious diner, Burger King extended its value deals in the quarter, offering two vegetarian burgers for 79 rupees and two chicken burgers for 99 rupees.

It has also been offering a range of ‘Korean’ flavoured items to cash in on a growing fanbase for Korean dramas and music.

As a result, revenue from its India restaurants grew 12.6 percent.

Same-store sales, which refer to sales from stores open for at least 12 months, grew 2.6 percent in India, led by a growth in dine-in traffic.

Rival Westlife Foodworld, which operates the McDonald’s restaurants in India, reported same store sales growth of 0.5 percent in the first quarter.

Overall revenue from operations for Restaurant Brands Asia grew 7.9 percent to Rs 698 crore, as a decline in sales in Indonesia – where it operates 139 restaurants – partly offset the growth in India.

Its India store count grew to 519 stores sequentially, with the company adding six stores in the quarter.

Westlife missed quarterly profit estimates and KFC operator Sapphire Food swung to a loss in the first quarter due to higher costs.

Asian Paints met first-quarter profit expectations on Tuesday as a modest recovery in retail demand supported volume growth in its core decorative paints segment, pushing shares up 2 per cent .

India’s top paint maker has been slashing prices to revive demand in its decorative paints segment, which has been under pressure from sluggish retail spending and rising competition from new players like Grasim Industries’ Birla Opus.

Asian Paints’ consolidated net profit fell 6 per cent year-on-year to 11 billion rupees ($126.7 million) in the quarter ending June 30, broadly in line with the average analyst estimate of 11.08 billion rupees, according to data compiled by LSEG.

Volumes at domestic decorative paints, a segment which make up for about 87 per cent of annual revenue, rose nearly 4 per cent , compared to the 2 per cent -7 per cent growth range projected by five brokerages.

“Volume growth for the quarter surprised positively as we had built in a 2 per cent rise,” said Antu Thomas, a research analyst with brokerage Geojit Financial Services.

“The results appear to show that early arrival of monsoon rains did not dampen demand as much as we had feared,” Thomas added.

The April-June quarter, which overlaps with India’s monsoon season, is typically slow for paint makers as clients postpone painting projects.

The steady volume growth helped offset the impact of price cuts and rising input costs, keeping overall profitability stable. Meanwhile, total expenses rose 1.3 per cent .

Shares of the paint maker, which were down 1.5 per cent before results, reversed course and were last up 1.7 per cent at 2400 rupees.

Asian Paints met first-quarter profit expectations on Tuesday as a modest recovery in retail demand supported volume growth in its core decorative paints segment, pushing shares up 2 per cent .

India’s top paint maker has been slashing prices to revive demand in its decorative paints segment, which has been under pressure from sluggish retail spending and rising competition from new players like Grasim Industries’ Birla Opus.

Asian Paints’ consolidated net profit fell 6 per cent year-on-year to 11 billion rupees ($126.7 million) in the quarter ending June 30, broadly in line with the average analyst estimate of 11.08 billion rupees, according to data compiled by LSEG.

Volumes at domestic decorative paints, a segment which make up for about 87 per cent of annual revenue, rose nearly 4 per cent , compared to the 2 per cent -7 per cent growth range projected by five brokerages.

“Volume growth for the quarter surprised positively as we had built in a 2 per cent rise,” said Antu Thomas, a research analyst with brokerage Geojit Financial Services.

“The results appear to show that early arrival of monsoon rains did not dampen demand as much as we had feared,” Thomas added.

The April-June quarter, which overlaps with India’s monsoon season, is typically slow for paint makers as clients postpone painting projects.

The steady volume growth helped offset the impact of price cuts and rising input costs, keeping overall profitability stable. Meanwhile, total expenses rose 1.3 per cent .

Shares of the paint maker, which were down 1.5 per cent before results, reversed course and were last up 1.7 per cent at 2400 rupees.