Restaurant Brands Asia Limited has informed the Exchange about Investor Analyst Concall Transcript
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Restaurant Brands Asia (Burger King India) reported Q2 FY26 revenue of Rs. 568 crore, up 15.6% year-on-year, with 2.8% same-store sales growth driven entirely by traffic. The company achieved its 10th consecutive quarter of positive traffic SSSG and opened 14 new restaurants, taking the count to 533, with a target of 580 by year-end. Gross margin improved 60 basis points to 68.3% (from 67.7% in Q1), and management reiterated its path to 70% gross margin by FY29 through supply chain and distribution efficiencies, not GST benefits. Restaurant EBITDA was Rs. 59 crore (10.4% margin, slightly down from 10.6%) due to deliberate reinvestment in staff for new digital/SOK initiatives. Indonesia's Burger King is showing ADS recovery, but Popeyes remains a drag with consolidated EBITDA loss widening to Rs. 33 crore from Rs. 21 crore. Management continues to evaluate potential exit options for Indonesia alongside operational improvements.
Positive signals for India operations with consistent traffic-led growth, margin expansion, and a clear multi-year store and margin roadmap. Indonesia remains a concern with widening losses and uncertainty around Popeyes, which could keep the stock range-bound until a clear resolution is announced.