Restaurant Brands Asia cuts losses as revenue jumps 18 per cent

MUMBAI: Looks like Burger King has found a recipe that’s serving more than just burgers. Restaurant Brands Asia (RBA), the operator of Burger King in India, kicked off FY27 with a stronger financial performance, reporting double-digit revenue growth, narrower losses and its best same-store sales growth in nearly four years.

The company posted revenue from operations of Rs 822.6 crore for the April-June quarter, an increase of 17.9 per cent from Rs 697.7 crore in the corresponding period last year. Its net loss narrowed to Rs 33 crore, compared with Rs 45.4 crore a year earlier, signalling improving operational momentum.

India remained the company’s growth engine, contributing Rs 682.8 crore in revenue, while the Indonesia business added Rs 139.7 crore during the quarter.

Restaurant Brands Asia also continued to expand its footprint, increasing its network to 752 restaurants after opening nine new outlets in India since March 31, 2026.

Profitability improved even faster than sales. Company EBITDA (pre-Ind AS 116) surged 265.7 per cent year on year to Rs 43.5 crore, up from Rs 11.9 crore in the year-ago quarter, reflecting stronger operating efficiencies and improved restaurant-level performance.

The quarter also marked a significant change in ownership. Inspira Global, the company behind homegrown quick-service restaurant brands including Chinese Wok, completed the acquisition of a controlling 42 per cent stake in Restaurant Brands Asia.

As part of the transaction, Inspira infused Rs 1,050 crore through fresh equity shares and warrants. On exercising the warrants, it plans to invest an additional Rs 450 crore, increasing its holding to 48 per cent.

The capital infusion is expected to strengthen the company’s balance sheet and provide greater financial flexibility to accelerate restaurant expansion, invest in brand building, strengthen digital capabilities and support long-term growth initiatives.

Commenting on the performance, Group Chief Executive Officer Rajeev Varman said the April-June quarter marked an important milestone in the company’s journey towards sustainable and profitable growth. He noted that continued investments in value offerings, menu innovation, digital capabilities and disciplined execution helped deliver the strongest same-store sales growth in the last 15 quarters.

Varman also said the Indonesia business continued to improve through higher restaurant EBITDA and expressed confidence that Inspira Global’s expertise in the food service sector would help drive operational efficiencies and support the company’s next phase of expansion.

For Restaurant Brands Asia, the latest quarter suggests the turnaround is gathering pace. With improving restaurant economics, fresh capital and a new promoter at the helm, the Burger King operator appears to be shifting its focus from simply growing bigger to growing stronger.