Restaurant Brands Asia Limited – Investor Presentation Summary

Key Operational Highlights

  • Consolidated Revenue from Operations reached ₹8,448 million in Q2 FY27, a 20.1% increase year-over-year (YoY).
  • Burger King India store count reached 600 stores.
  • Indonesia store count was 162, an increase of 1 store YoY.
  • Average Daily Sales (ADS) for Indonesia was 96K INR.
  • Key drivers include value-led offerings, digital app engagement (frequency up 7% YoY), and menu innovation with Limited Time Offerings (LTOs).

Segment-wise Performance

India Segment Performance:

  • Revenue: ₹7,056 million in Q2 FY27 (24.1% YoY growth).
  • Gross Profit: ₹4,964 million (70.4% margin, +27.8% YoY).
  • Restaurant EBITDA (Post-Ind AS 116): ₹1,498 million (21.2% margin, +33.5% YoY).
  • Company EBITDA (Post-Ind AS 116): ₹1,139 million (16.1% margin, +40.0% YoY).
  • Profit After Tax: ₹156 million (a positive turnaround from a loss of ₹-202 million in Q2 FY26).

Indonesia Segment Performance:

  • Revenue: ₹1,393 million in Q2 FY27 (3.3% YoY growth).
  • Gross Profit: ₹796 million (57.1% margin, +3.8% YoY).
  • Restaurant EBITDA (Post-Ind AS 116): ₹136 million (9.7% margin, a significant improvement from ₹57 million in Q2 FY26).
  • Company EBITDA (Post-Ind AS 116): ₹9 million (0.6% margin, improved from ₹-51 million in Q2 FY26).
  • Profit After Tax: Loss of ₹-376 million (improved from a loss of ₹-423 million in Q2 FY26).

Financial Highlights

Consolidated Financials (Q2 FY27):

  • Revenue: ₹8,448 million.
  • Gross Profit: ₹5,760 million (68.2% margin).
  • Restaurant EBITDA (Post-Ind AS 116): ₹1,634 million (19.3% margin).
  • Company EBITDA (Post-Ind AS 116): ₹1,148 million (13.6% margin).
  • Profit After Tax: Loss of ₹-238 million (improved from a loss of ₹-633 million in Q2 FY26).
  • YoY comparison: All key profitability metrics showed significant improvement.
  • Drivers of performance: Higher revenue growth, improved gross margins, and cost efficiencies.
  • Key Risks: Not explicitly disclosed in the presentation.

Geographical Revenue Split

  • The presentation provides a segment split (India vs. Indonesia) rather than a geographical export split.
  • India Revenue: ₹7,056 million (83.5% of Consolidated Total).
  • Indonesia Revenue: ₹1,393 million (16.5% of Consolidated Total).
  • Regional Breakdown: Not specified beyond country-level segments.

Balance Sheet Snapshot

  • Not specified in the provided presentation data.

Capex & Cash Flow Health

  • Capital Expenditure: The strategy is to "Build 80-100 stores annually."
  • Free Cash Flow: Not specified.
  • Operating Cash Flow: Not specified.
  • Net Debt Movement: Not specified.
  • Investment Rationale: Focus on cluster-led store expansion for incremental revenues and asset upgrades (e.g., new broilers, energy-efficient equipment).

Strategic & R&D Initiatives

  • India Strategic Pillars: Value (customer acquisition), Innovation (premium menu LTOs), Families (new customer segment with Kids Meal), Digital (in-store assets, app engagement), Profitability (supply chain efficiencies), and Expansion (80-100 new stores annually).
  • Indonesia Strategic Pillars: Value (Super Hemat deals), Innovation (expanded LTO platform), Digital (SOKs rollout), Profitability (margin improvement), and Asset Upgrade (HVAC, kitchen equipment).
  • Expected impact: Initiatives aim to drive customer acquisition, frequency, and operating margin improvement.

Industry Trends & Business Environment

  • Macro/Industry Trends: Not explicitly discussed in the provided slides.
  • Impact on Company: Not specified.

Management Commentary & Growth Outlook

  • Strategic Outlook: Focus on sustained value leadership, innovation, and digital engagement to drive growth.
  • FY Guidance: The company aims to build 80-100 new Burger King India stores annually.
  • Market Share Targets: Not specified.
  • Risks and Opportunities: Not explicitly highlighted in the presentation.