Restaurant Brands Asia Ltd (NSE:RBA)

Q1 2027 Restaurant Brands Asia Ltd Earnings Call Transcript

Aug 3, 2026 / 12:00 PM GMT

Release Date Price: ₹70.76 (+6.18%)

Transcript

Key Points

Positve

Restaurant Brands Asia Ltd (BOM:543248) reported its highest same-store sales growth (SSSG) in 15 quarters at 12.6% for India, driven by traffic growth rather than price increases.
India revenue grew 23.6% year-over-year to INR 682 crore, with gross margin expanding 310 basis points to 70.8%.
Company-level EBITDA in India surged 133.6% year-over-year to INR 52.7 crore, reflecting strong operational leverage and cost efficiencies.
Burger King Indonesia achieved positive restaurant-level EBITDA of INR 6.4 crore, with a store-level margin of 5.2%, showing progress in the turnaround.
The company is implementing efficiency initiatives in Indonesia, including self-ordering kiosks (which boosted average check by 45%), solar farms, and new broilers, while the franchisor has committed $9 million in marketing support.
Consolidated restaurant-level EBITDA grew 73.5% to INR 93.3 crore, and consolidated company EBITDA more than tripled to INR 44 crore, indicating improving profitability across both markets.

Negative

Popeyes Indonesia continues to be a drag, with 25 stores generating only INR 15.7 crore in revenue and a restaurant-level EBITDA loss of INR 33 crore.
Indonesia Burger King average daily sales (ADS) remained flat, and the company is still testing a new value strategy, with a full rollout not expected until the end of September.
The consolidated profit after tax (PAT) still showed a loss of INR 45 crore, though reduced by 27% year-over-year, partly due to exchange losses on Indonesian investments.
The company has not yet provided a clear capital allocation plan for the fresh capital infusion from new promoters, leaving uncertainty about future growth investments and potential acquisitions.
Indonesia's Burger King portfolio has been reduced by 42 restaurants over the last two years due to closures of non-profitable outlets, reflecting ongoing market challenges and the impact of boycotts.
Management acknowledged that the previous value strategy in Indonesia (a 25,000 rupiah deal) did not generate the expected traffic leverage, indicating a need for a revised approach.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RESR.NS - Restaurant Brands Asia Ltd
Q1 2027 Restaurant Brands Asia Ltd Earnings Call
Aug 03, 2026 / 12:00PM GMT

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Presentation
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Well.

No.

Ladies and gentlemen, good day and welcome to Restaurant Bank Asia P1FI earnings conference call hosted by Motial Oswal Financial Services Limited, this conference call may contain forwardl statements about the company which are based on beliefs, opinions, and expectations of me as on date of this call.

These statements are not guarantee of future performance and involves risk and uncertainty that are difficult to predict as a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for ask questions after the presentation continues, should you need assistance during this conference call, see an updateator by pressing then 0 on your touchstone fo.

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