Outcome of the Meeting of Board of Directors
RBA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Restaurant Brands Asia (formerly Burger King India) reported audited results for FY26 ended March 31. Consolidated revenue grew to Rs 28,284 million from Rs 25,507 million in FY25, a ~11% increase. However, the company continues to incur heavy losses — consolidated net loss was Rs 2,047 million vs Rs 2,328 million in the prior year. A key exceptional item is Rs 1,200 million impairment of investment in its Indonesian subsidiary PT Sari Burger Indonesia, which also reported a standalone net loss of Rs 1,526 million for the year. Finance costs remain high at Rs 1,894 million (consolidated). Cash and cash equivalents fell sharply — standalone cash dropped from Rs 5,210 million to just Rs 248 million, indicating significant outflows. The QIP proceeds of Rs 5,000 million raised in FY25 have been deployed: Rs 720 million for debt repayment, Rs 1,897 million for capex on new restaurants, Rs 794 million for general corporate purposes, with Rs 1,390 million remaining in FDs and mutual funds. Auditors gave an unmodified (clean) opinion on both standalone and consolidated results.
The company is growing top-line but remains loss-making with high finance and lease costs weighing on profitability. The large impairment of the Indonesian subsidiary raises concerns about the international expansion. Sharp cash depletion despite fresh capital raises needs monitoring. The stock may remain under pressure until path to profitability is clearer.