{"id":179539,"date":"2026-02-04T07:19:43","date_gmt":"2026-02-04T12:19:43","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179539"},"modified":"2026-02-04T07:19:45","modified_gmt":"2026-02-04T12:19:45","slug":"restaurant-brands-asia-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/restaurant-brands-asia-q3-fy26-earnings-results\/","title":{"rendered":"Restaurant Brands Asia Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Restaurant Brands Asia (Burger King India Ltd) is an international QSR chain in India. It started operations in 2014 and has established 681 restaurants across major cities in India &amp; Indonesia.\u00a0The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King and Popeyes in Indonesia.<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> Standalone \u20b9577.32 cr, <strong>+16.5% YoY<\/strong> vs Q3 FY25; consolidated \u20b9714.65 cr, <strong>+11.8% YoY<\/strong> reflecting growth in core QSR business.<\/li>\n\n\n\n<li><strong>EBITDA:<\/strong> Standalone EBITDA grew 20.9% YoY to \u20b995.3 cr; consolidated EBITDA grew 85% YoY to \u20b9246 cr, positive operating leverage evident. <\/li>\n\n\n\n<li><strong>PAT \/ Net Loss:<\/strong> Standalone <strong>Net Loss \u20b970.38 cr<\/strong>, narrowed from larger loss in prior year; <strong>Consolidated Net Loss \u20b9479.43 cr<\/strong>, smaller than previous comparable quarter. <\/li>\n\n\n\n<li><strong>Other key metrics:<\/strong> Same-Store Sales Growth (SSSG) 4.5% in India; gross margin expanded 210 bps to 69.9% YoY; 44 new restaurants added bringing total to 577 outlets.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management highlighted <strong><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/7e531fda-0977-40b7-a1b4-eb26b6209f9f.pdf\" target=\"_blank\" rel=\"noopener\">strong revenue growth driven<\/a> by Burger King India performance<\/strong>, underpinned by healthy same-store sales and menu innovation. Digital ordering now comprises a significant share of transactions, supporting revenue stickiness.<\/li>\n\n\n\n<li><strong>Operational efficiency gains<\/strong> (e.g., improved gross margins and delivery profitability) were flagged as key drivers of EBITDA growth outpacing revenue growth, even amid a loss environment. <\/li>\n\n\n\n<li>Board approved <strong>revisions to Articles of Association and preferential share issuances<\/strong>, granting special rights to new investors, which is part of broader strategic ownership reshaping (subject to shareholder approvals). <\/li>\n\n\n\n<li>Management reaffirmed <strong>aggressive restaurant expansion strategy<\/strong> with 60-80 gross new openings targeted annually, aiming for deeper penetration in India and stronger international scale. <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-42-839x1024.png\" alt=\"\" class=\"wp-image-179540\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-42-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-42-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-42-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-42-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-42.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> Standalone \u20b9568.7 cr, <strong>+15.6% YoY<\/strong>; consolidated \u20b9703.4 cr, <strong>+11.2% YoY<\/strong>, driven by same-store sales growth and network expansion.<\/li>\n\n\n\n<li><strong>EBITDA:<\/strong> Standalone EBITDA \u20b98.13 cr (grown 16% YoY in absolute terms), gross margin improved 68.3%.<\/li>\n\n\n\n<li><strong>PAT \/ Net Loss:<\/strong> Net Loss \u20b958.60 cr in Q2 FY26, <strong>\u22122.6% YoY<\/strong>, reflecting persistent loss environment but marginal improvement. <\/li>\n\n\n\n<li><strong>Other key metrics:<\/strong> SSSG 2.8%, restaurant count expanded to 533 outlets, digital transactions 91% of total.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CEO <strong>Rajeev Varman<\/strong> noted <strong>positive dine-in traffic and same-store sales growth<\/strong>, attributed to value offerings and menu initiatives driving customer engagement. <\/li>\n\n\n\n<li>Management stressed <strong>supply chain efficiencies and digital adoption<\/strong> underpinning margin improvements, even as fixed costs and interest pressures sustained losses. <\/li>\n\n\n\n<li>Expansion continued with new stores added, aligning with long-term growth strategy despite ongoing profitability challenges in the near term.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Restaurant Brands Asia (Burger King India Ltd) is an international QSR chain in India. It started operations in 2014 and has established 681 restaurants across major cities in India &amp; Indonesia.\u00a0The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":179540,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,6351],"tags":[14221],"class_list":["post-179539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-consumer-stocks","tag-quick-service-restraunt"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-42.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172023,"url":"https:\/\/alphastreet.com\/india\/burger-king-india-q2-fy26-earnings-results\/","url_meta":{"origin":179539,"position":0},"title":"Burger King India Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 31, 2025","format":false,"excerpt":"Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~681 restaurants across major cities in India & Indonesia. The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Restaurant Brands Asia Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Restaurant-Brands-Asia-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Restaurant-Brands-Asia-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Restaurant-Brands-Asia-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Restaurant-Brands-Asia-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Restaurant-Brands-Asia-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Restaurant-Brands-Asia-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179488,"url":"https:\/\/alphastreet.com\/india\/restaurant-brands-asia-reports-16-5-revenue-growth-in-india-set-for-controlling-interest-by-inspira-global\/","url_meta":{"origin":179539,"position":1},"title":"Restaurant Brands Asia Reports 16.5% Revenue Growth in India, Set for Controlling Interest by Inspira Global","author":"Staff Correspondent","date":"February 4, 2026","format":false,"excerpt":"Restaurant Brands Asia Limited (NSE:RBA), a leading Quick Service Restaurant (QSR) operator holding the exclusive master franchise rights for Burger King in India and Indonesia, reported an 11.8% year-over-year growth in consolidated revenue to INR 7,147 million for Q3 FY26, driven by a robust 16.5% revenue increase in India and\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":161264,"url":"https:\/\/alphastreet.com\/india\/restaurant-brands-asia-ltd-q4fy24-16-rise-in-revenue\/","url_meta":{"origin":179539,"position":2},"title":"Restaurant Brands Asia Ltd Q4FY24; 16% rise in Revenue","author":"Chirag Gupta","date":"May 16, 2024","format":false,"excerpt":"Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-129.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-129.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-129.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-129.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-129.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/05\/image-129.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":158107,"url":"https:\/\/alphastreet.com\/india\/restaurant-brands-asia-ltd-q3fy24-15-rise-in-revenue\/","url_meta":{"origin":179539,"position":3},"title":"Restaurant Brands Asia Ltd Q3FY24; 15% rise in Revenue","author":"Chirag Gupta","date":"January 29, 2024","format":false,"excerpt":"Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-126.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-126.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-126.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-126.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-126.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-126.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":151567,"url":"https:\/\/alphastreet.com\/india\/restaurant-brands-asia-ltd-q1fy24-25-rise-in-revenue\/","url_meta":{"origin":179539,"position":4},"title":"Restaurant Brands Asia Ltd Q1FY24; 25% rise in Revenue","author":"Karan_Singh","date":"August 7, 2023","format":false,"excerpt":"Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-298.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-298.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-298.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-298.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-298.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-298.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157141,"url":"https:\/\/alphastreet.com\/india\/restaurant-brands-asia-ltd-q2fy24-19-rise-in-revenue\/","url_meta":{"origin":179539,"position":5},"title":"Restaurant Brands Asia Ltd Q2FY24; 19% rise in Revenue","author":"Chirag Gupta","date":"December 7, 2023","format":false,"excerpt":"Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. 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