Restaurant Brands Asia Ltd — earnings calls

Restaurant Brands Asia reported Q1 FY27 same-store sales growth of 12.6% in India, its highest in 15 quarters, with revenue up 23.6% year-over-year to Rs 682 crores and gross margin at 70.8%. Consolidated revenue grew 18% to Rs 823 crores, restaurant EBITDA rose 73.5% to Rs 93.3 crores, and company EBITDA increased to about Rs 43.5-44 crores from Rs 12 crores a year earlier. Management also discussed the recently closed promoter transaction, ongoing efficiency initiatives in Indonesia for both the Burger King and Popeyes brands, and a franchisor commitment of USD9 million in marketing support for Indonesia over three years.

Restaurant Brands Asia reported Q4 FY26 same-store sales growth of 6.3%, the highest in 12 quarters, with full-year revenue of INR2,271 crores and restaurant EBITDA margin of 11.6%. Management said the India business improved gross margin to 70% for the quarter and company EBITDA to 5.8% for FY26, while the Indonesia business showed a turnaround in Burger King but continued losses in Popeyes leading to an impairment. The company also discussed the pending acquisition by Inspira Global, awaiting CCI approval, after which a revised outlook would be shared.