India · Delayed Price · Currency is INR Restaurant Brands Asia Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY27 delivered strong growth with India leading on 12.6% SSSG and improved margins, while Indonesia's Burger King achieved positive EBITDA and Popeyes remains under review. Strategic focus is on value leadership, digital, and operational efficiencies, with capital allocation plans in progress.
Fiscal Year 2026
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Q4 saw record SSSG of 6.3% and gross margin at 70.2%, with India operations driving strong growth and digital adoption. Indonesia's Burger King turned EBITDA positive, but Popeyes remains a drag. Inspira Global acquisition is nearing completion.
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Q3 FY26 saw robust revenue and margin growth, with 11 consecutive quarters of positive sales and strong digital adoption. India led profitability, Indonesia showed turnaround progress, and a major equity infusion from Inspira will support future expansion.
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Q2 revenue grew 15.6% YoY to INR 568 crores, with gross margin up to 68.3% and strong dine-in and delivery traffic. Indonesia's Burger King shows steady ADS growth, but Popeyes remains a challenge. Store expansion and margin improvement initiatives continue.
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India delivered 12.6% revenue growth and improved margins, driven by strong dine-in traffic, digital adoption, and value menu strategies. Indonesia's Burger King business turned EBITDA positive, while Popeyes is piloting a new model amid ongoing challenges. Demand remains tight, with value offerings outperforming premium.
Fiscal Year 2025
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FY 2025 saw 11.8% revenue growth, 58 new stores, and a 32% rise in company-level EBITDA, with gross margin improving to 67.7%. India’s digital and café initiatives drove traffic, while Indonesia showed early recovery signs amid ongoing cost rationalization.
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Achieved 510 stores in India with strong dine-in and digital growth, while Indonesia saw early signs of recovery but remains challenged. India posted double-digit revenue growth and margin expansion; Indonesia focused on cost control and operational turnaround.
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India delivered resilient profitability with growing dine-in traffic and improved delivery margins, despite negative SSSG. Indonesia faced macro and geopolitical headwinds, but is focusing on cost control and new product launches to drive recovery.
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India delivered record revenue and margin expansion, with nine straight quarters of positive SSSG and robust digital adoption. Indonesia faced geopolitical headwinds but achieved store-level EBITDA positivity after rationalization. Growth and profitability are expected to accelerate in the second half.