Restaurant Brands Asia Q1 FY27 Results: Revenue Up 17.9% YoY; Company EBITDA Up 265.7%

What Happened ?

Restaurant Brands Asia Limited announced its Q1 FY27 results, reporting consolidated revenue from operations of ₹8,226 million, up 17.9% YoY. Company EBITDA surged 265.7% YoY to ₹435 million. Burger King India achieved its highest ever quarterly revenue and EBITDA, with SSSG accelerating to 12.6% – the highest in the past 15 quarters. Inspira Global completed acquisition of a controlling 42% stake in the company, infusing ₹1,050 crore through fresh equity shares and warrants.

key details

• Consolidated revenue from operations up 17.9% YoY to ₹8,226 million.
• Company EBITDA (Pre-Ind AS 116) up 265.7% YoY to ₹435 million.
• Store network reached 752 restaurants; added 9 stores in India since March 31, 2026.
• Burger King India standalone revenue up 23.6% YoY to ₹6,829 million.
• SSSG accelerated to 12.6% – highest in 15 quarters.
• Restaurant EBITDA (Pre-Ind AS 116) up 68.1% YoY to ₹900 million; margin expanded to 13.2% (from 9.7%).
• Company EBITDA (Pre-Ind AS 116) up 133.6% YoY to ₹527 million; margin expanded to 7.7% (from 4.1%).
• Inspira Global completed acquisition of controlling 42% stake with ₹1,050 crore infusion.
• Upon exercise of warrants, additional ₹450 crore infusion; stake to increase to 48%.
• Burger King Indonesia business improving with higher Restaurant EBITDA.

Note:

• The promoter infusion has significantly strengthened RBA’s balance sheet and provides financial flexibility to support future expansion, brand-building initiatives, restaurant development, digital capabilities, and long-term growth plans.

Risk Analysis

Summary:

• While the company delivered strong Q1 performance with significant balance sheet strengthening, risks include competitive intensity, input cost inflation, and execution of expansion plans.

Key Risks:

• Intense competition in the QSR and food service industry.
• Input cost inflation impacting margins.
• Execution of store expansion and brand-building initiatives.
• Customer preference shifts and changing consumption patterns.
• Regulatory changes affecting the food service industry.
• Integration of new promoter and strategic alignment.

Worst Case:

• Slower-than-expected store expansion or margin pressures could impact growth trajectory and profitability.

Risk Level: Medium

Company Commentary

Management highlighted that:

• Mr. Rajeev Varman, Whole-time Director and Group Chief Executive Officer, Restaurant Brands Asia: “Q1 FY27 has been an important milestone in our journey towards sustainable and profitable growth in India. We have built upon positive momentum from the second half of last year and delivered strong growth in restaurant and company operating profits.”
• “Our continued focus on value, menu innovation, digital capabilities and disciplined execution enabled us to achieve our strongest quarterly SSSG in the last fifteen quarters.”
• “Burger King Indonesia business is also improving, with higher Restaurant EBITDA.”
• “Our new promoter Inspira Global brings deep industry expertise and a strong understanding of the food service business. Together, we are focused on improving operational efficiency, accelerating growth and creating long-term value for our shareholders.”