Q1 2026 Restaurant Brands Asia Ltd Earnings Call Transcript
Key Points
- Restaurant Brands Asia Ltd (BOM:543248) reported a 12.6% revenue growth in India, driven by a 2.6% same-store sales growth (SSSG) and the addition of 63 new restaurants.
- The company achieved a 23% increase in restaurant EBITDA in India compared to the same quarter last year.
- Digital transformation is a key focus, with 93% of restaurants equipped with self-ordering kiosks, contributing to 90% of sales being digital.
- In Indonesia, Burger King has shown positive momentum with a 5% year-over-year sales growth over the past nine months.
- The company has successfully reduced corporate overheads in Indonesia by 25%, with plans to further reduce by 10% this year.
- The premium segment in India has experienced some contraction, impacting overall sales growth.
- Despite the rollout of BK Cafes in 93% of stores, the average daily sales (ADS) increase has been limited.
- Popeyes in Indonesia continues to face challenges with declining ADS and losses, requiring further strategic adjustments.
- There were one-off expenses in India related to ESOP grants and GSEC rate adjustments, impacting corporate overheads.
- The macroeconomic environment remains tight, with limited demand growth, particularly affecting the premium menu offerings.
Ladies and gentlemen, good day and welcome to Restaurant Brands Asia Limited Q1 FY26 earnings conference call hosted by Motilal Oswal Financial Services Limited.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Naveen Trivedi from Motilal Oswal Financial Services Limited.
Thank you and over to you, sir.
Yeah, hello. Good good evening, everyone. On behalf of Motilal Oswal, I'm Naveen Trivedi. I would like to welcome you all to the Restaurant Brand Asia's 1Q FY26 earnings conference call. From the management today we have, Mr. Rajeev Varman, Whole-time Director and Group CEO; Mr. Sumit Zaveri, Group CFO and Chief Business Officer; Mr. Gaurav Ajjan, Head of Corporate Development and IR; Mr. Kapil Grover, Group CMO; Mr. Sandeep Dey, Brand President, Indonesia; and Ms. Cicily Thomas, Brand President, India.
I would now hand over the call to the management for the opening remarks. Over to you, sir.
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