Restaurant Brands Asia Limited – Investor Presentation Summary

Key Operational Highlights

  • Same Store Sales Growth of 12.6% in Q1 FY27 - highest in last 15 quarters
  • 9 new Burger King India stores added in Q1 FY27
  • 90%+ orders through digital channels across all restaurants
  • Revenue from operations grew by 23.6% YoY in India business

Key drivers of operational performance: Successful value campaigns (Stunner menu, Tast Meal @99, 2forX), menu strengthening with BK Café launch, co-branded desserts and shakes, burger portfolio expansion with Whopper deluxe & LTOs including Korean range, and digital-first brand strategy with SOK's & BK App.

Segment-wise Performance

India Business Performance:

  • Revenue: ₹682.9 crore in Q1 FY27 (100% of India operations)
  • Gross Profit: ₹483.7 crore (70.8% margin)
  • Restaurant EBITDA (Post Ind AS 116): ₹147.7 crore (21.6% margin)
  • Company EBITDA (Post Ind AS 116): ₹110.4 crore (16.2% margin)
  • Company EBITDA (Pre Ind AS 116): ₹52.7 crore (7.7% margin)

Indonesia Business Performance:

  • Revenue: ₹139.7 crore in Q1 FY27 (100% of Indonesia operations)
  • Gross Profit: ₹81.3 crore (58.2% margin)
  • Restaurant EBITDA (Post Ind AS 116): ₹10.4 crore (7.4% margin)
  • Company EBITDA (Post Ind AS 116): ₹-2.0 crore (-1.5% margin)
  • Company EBITDA (Pre Ind AS 116): ₹-9.1 crore (-6.5% margin)

Explanation of significant changes in segment performance: India operations showed strong growth with revenue up 23.6% YoY and EBITDA margins expanding significantly, while Indonesia operations declined 3.9% in revenue with continued EBITDA losses though improved from previous year.

Financial Highlights

Consolidated Performance (India + Indonesia):

  • Revenue: ₹822.6 crore
  • Cost of materials consumed: ₹257.6 crore (31.3% of revenue)
  • Gross Profit: ₹565.0 crore (68.7% margin)
  • Employee Related Expenses: ₹95.9 crore (11.7% of revenue)
  • Occupancy and Other Expenses: ₹311.0 crore (37.8% of revenue)
  • Restaurant EBITDA (Post Ind AS 116): ₹158.1 crore (19.2% margin)
  • Reported Company EBITDA* (Post Ind AS 116): ₹108.4 crore (13.2% margin)
  • Profit After Tax (As Reported): ₹-33.0 crore (-4.0% margin)
  • Restaurant EBITDA (Pre Ind AS 116): ₹93.3 crore (11.3% margin)
  • Company EBITDA* (Pre Ind AS 116): ₹43.5 crore (5.3% margin)

YoY comparison: Consolidated revenue grew 17.9% YoY from ₹697.7 crore in Q1 FY26 to ₹822.6 crore in Q1 FY27. Company EBITDA (Pre Ind AS 116) grew 265.7% from ₹11.9 crore to ₹43.5 crore.

Drivers of financial performance: Higher revenue growth, improved gross margins (68.7% vs 65.4% YoY), cost optimization in materials consumed, and operational efficiencies.

*excludes MTM loss on financial instruments, unrealized forex loss, loss on PPE write-off, loss on termination of lease, cross charge and one-off severance costs (Indonesia in FY26)

Geographical Revenue Split

Domestic vs Export/Regional Revenue:

  • India Domestic: ₹682.9 crore, 83% of Total
  • Indonesia: ₹139.7 crore, 17% of Total

Strategic & R&D Initiatives

Investments in Innovation: Menu strategy enhancements, supply chain initiatives, efficiencies in utilities through solar & new broiler technology, chicken product launches (first among International QSR chains), LTOs including Boss Whopper and Meatgol Whopper, and delivery profitability improvement via discount optimization.

Expected impact on growth: Digital-first approach with 90%+ orders through digital channels and CRM engine for customer data and analytics is expected to drive continued growth and customer engagement.

Strategic Rationale: Expanding value leadership position in market, strengthening menu offerings, improving operational efficiencies, and enhancing digital capabilities to drive sustainable growth.

Management Commentary & Growth Outlook

Strategic Outlook: Company continues to focus on its four key strategic pillars - Value Leadership, Menu Strengthening, Digital 1st Brand, and Profitability focus.

Risks and Opportunities: The presentation notes risks including fluctuations in earnings, competitive intensity, pricing environment, economic conditions affecting demand and supply, change in input costs, and ability to maintain key customer relationships and supply chain sources.

Additional Information

Exchange Rate: INR/IDR exchange rate at 185 for Q1 FY27 reporting

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)