Restaurant Brands Asia LimitedQ1 FY27 Results & Financial Update
Restaurant Brands Asia Limited: Q1 FY27 consolidated results and company financials – revenue ₹822.60 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Restaurant Brands Asia Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Restaurant Brands Asia Limited reported its financial and operational results for the first quarter of fiscal year 2027, highlighting broad-based operating profitability improvements across its consolidated footprint.
Consolidated revenue from operations reached ₹8,226 million, reflecting an increase of 17.9% compared to the corresponding period of the previous fiscal year.
Company EBITDA on a pre-Ind AS 116 basis expanded significantly to ₹435 million, compared to ₹119 million in the year-ago period, representing an increase of 265.7%.
The domestic standalone business for Burger King India achieved its highest-ever quarterly revenue and EBITDA figures, supported by accelerating demand and disciplined execution.
Standalone revenue from operations for the Indian entity grew by 23.6% year-over-year to ₹6,829 million, while standalone pre-Ind AS 116 company EBITDA rose 133.6% to ₹527 million with the margin improving from 4.1% to 7.7%.
Restaurant EBITDA (Pre-Ind AS 116) for the standalone business increased 68.1% year-over-year to ₹900 million, with the corresponding margin expanding from 9.7% to 13.2%.
Management attributed the strong domestic performance to continued focus on value propositions, menu innovation, enhanced digital capabilities, and disciplined operational execution.
The Burger King Indonesia business also registered operational improvements during the quarter, posting higher restaurant EBITDA contributions compared to earlier periods.
01 · Business model
What does Restaurant Brands Asia do?
Restaurant Brands Asia Limited operates as a quick-service restaurant enterprise, functioning as the national master franchisee for the Burger King brand in India with exclusive rights to develop, establish, operate, and franchise branded locations across the country.
Through its international subsidiaries, the enterprise also acts as the exclusive national master franchisee for the Burger King and Popeyes brands in Indonesia, extending its footprint across multiple international markets.
The company's primary revenue engine relies on direct restaurant operations, menu innovation, digital ordering capabilities, and value-focused offerings designed to attract quick-service dining customers across urban and regional markets.
The economic model centers on expanding the restaurant store network, improving same-store sales growth, managing store-level operating leverage, and optimising supply chains across its domestic and Indonesian operations.
02 · Historical context
What shaped the business before this quarter
The company built upon positive operating momentum established during the second half of the previous fiscal year to deliver strong restaurant and company operating profits in Q1 FY27.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹822.60 Cr |
| EBITDA | ₹43.50 Cr |
| EBITDA margin | 5.29% |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Standalone revenue from operations for Burger King India grew by 23.6% year-over-year to ₹6,829 million, driven by strong same-store sales growth and new store additions.
Consolidated revenue from operations increased by 17.9% year-over-year to ₹8,226 million, supported by network expansion and higher footfalls across operating markets.
What drove margins
Standalone company EBITDA (Pre-Ind AS 116) margin rose from 4.1% in Q1 FY26 to 7.7% in Q1 FY27, reflecting operating leverage and cost discipline.
Standalone restaurant EBITDA (Pre-Ind AS 116) margin expanded from 9.7% to 13.2%, driven by disciplined execution and higher sales realization.
05 · Demand, customers & order book
Where demand is coming from
Burger King India SSSG accelerated to 12.6% during the quarter, representing the highest level achieved over the past fifteen quarters.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The total store network reached 752 restaurants across the system, with the company adding 9 new stores in India since March 31, 2026.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Inspira Global, owner of home-grown quick-service restaurant brands including Chinese Wok, completed the acquisition of a controlling 42% stake in Restaurant Brands Asia Limited.
Inspira Global infused ₹1,050 crores through the issuance of fresh equity shares and warrants, with an additional ₹450 crores to be infused upon the exercise of warrants, increasing their shareholding to 48%.
08 · Reported developments
What changed operationally
Burger King India achieved its highest-ever quarterly revenue and EBITDA, alongside a 15-quarter high SSSG of 12.6%.
Company EBITDA (Pre-Ind AS 116) surged by 265.7% year-over-year to ₹435 million, up from ₹119 million in Q1 FY26.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
The ₹1,050 crore capital infusion by Inspira Global significantly strengthened the company's balance sheet, providing financial flexibility for future expansion and development.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Strategic partnership with Inspira Global
The entry of new promoter Inspira Global brings deep industry expertise and a strong understanding of the food service business to support RBA's long-term growth plans.
11 · Key Q&A
The quarter, answered directly
What does Restaurant Brands Asia do?
Restaurant Brands Asia Limited operates as a quick-service restaurant enterprise, functioning as the national master franchisee for the Burger King brand in India with exclusive rights to develop, establish, operate, and franchise branded locations across the country.
What is the clearest takeaway from Q1 FY27?
Restaurant Brands Asia Limited reported its financial and operational results for the first quarter of fiscal year 2027, highlighting broad-based operating profitability improvements across its consolidated footprint.
What drove revenue or demand?
Standalone revenue from operations for Burger King India grew by 23.6% year-over-year to ₹6,829 million, driven by strong same-store sales growth and new store additions.
What mattered most for margins or profitability?
Standalone company EBITDA (Pre-Ind AS 116) margin rose from 4.1% in Q1 FY26 to 7.7% in Q1 FY27, reflecting operating leverage and cost discipline.
What changed operationally beyond the headline numbers?
The total store network reached 752 restaurants across the system, with the company adding 9 new stores in India since March 31, 2026.
What should the next disclosure help confirm?
Monitor the exercise of remaining warrants by Inspira Global to bring an additional ₹450 crores in capital and raise their stake to 48%.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Warrant exercise and capital inflow: Monitor the exercise of remaining warrants by Inspira Global to bring an additional ₹450 crores in capital and raise their stake to 48%.
- 02
Store expansion execution: Track the pace of new store openings in India following the addition of 9 restaurants during the quarter to reach a total network of 752 stores.
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