Restaurant Brands Asia Limited has informed the Exchange about the Investor/ Analyst Call Transcript.
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Restaurant Brands Asia (formerly Burger King India) held its Q4 FY25 earnings call on May 19, 2025. India business ended FY25 with 513 stores (added 58 YoY), revenue of Rs. 1,968 crores (up 11.8% YoY), company-level EBITDA of Rs. 99.4 crores (up 32% YoY), and full-year SSSG of 1.1% (Q4: 5.1%). Gross margin improved to 67.7% from 67% and restaurant-level EBITDA grew 21.2% to Rs. 206.8 crores. Dine-in traffic grew 9% on top of 5.2% the prior year, supported by value combos, BK Cafe rollout (90% of stores, 464 cafes), and self-ordering kiosks in 90% of restaurants. The Indonesia business showed recovery signs with 2% SSSG for full year and 10% dine-in ADS growth from November-April, while G&A was rationalized from Rs. 65 crores to Rs. 40 crores run rate.
Management revised long-term store guidance to 60-80 new stores annually targeting ~800 stores by FY29 (vs prior 700 by FY27) and guided gross margin improvement of 0.5-0.7% annually to reach ~70% by FY29, signaling sustained margin expansion ahead. Strong EBITDA growth of 32% YoY and Indonesia turnaround signals are positive for shareholders, though the company explicitly avoided forward-looking SSSG guidance.