Restaurant Brand Asia (Burger King)

Restaurant Brand Asia (Burger King)

62.64
-0.19
(-0.30%)
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Key Fundamentals
Add Ratio
Market Cap
3,646.85 Cr
EPS
-4.33
PE Ratio
-16.36
Dividend Yield
0.00 %
52 Week High
89.50
52 Week Low
59.40
PB Ratio
4.56
Debt to Equity
2.12
Analyst Rating and Forecast
- By Refinitiv from12 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+66.67 %
+66.67 %
Hold
Hold+16.67 %
+16.67 %
Sell
Sell+16.67 %
+16.67 %
Forecast For
Actual

Company News

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positive
Restaurant Brands Asia delivered revenue of Rs. 568 crores with 15.6% growth, driven by 2.8% same-store sales growth and new restaurant additions. The company maintained positive traffic growth for 10 consecutive quarters in dine-in operations, with ADS at Rs. 120,000. Gross margins improved 60 basis points to 68.3% due to supply chain efficiencies and delivery profitability improvements. Restaurant EBITDA stood at Rs. 59 crores (10.4% margin) while company EBITDA reached Rs. 28.4 crores (5% margin). The company added 14 restaurants and expects to reach 580 locations by year-end. Digital transactions now account for 91% of all transactions. Indonesia operations showed mixed results with Burger King business recovering but Popeyes facing challenges. Management continues exploring strategic options for Indonesia while focusing on utility cost reduction initiatives in India.
neutral
Restaurant Brands Asia Limited submitted its monitoring agency report for Q2 FY2026 regarding the utilization of proceeds from its Qualified Institutions Placement (QIP). ICRA Limited, the monitoring agency, reported no material deviation from the stated objectives of the INR 500 crore QIP issue conducted in March 2025. The company raised net proceeds of INR 480.09 crore, which was INR 1.09 crore higher than estimated due to lower issue-related expenses. The funds are being utilized for three main purposes: prepayment of outstanding borrowings (INR 72 crore), capital expenditure for new restaurant setups (INR 325 crore), and general corporate purposes (INR 83.09 crore). As of September 30, 2025, INR 284.97 crore of unutilized proceeds were deployed in various fixed deposits and mutual funds, earning returns between 6.93% to 7.65%. All implementation timelines remain on schedule with completion targeted for Fiscal 2026-2027.
positive
Restaurant Brands Asia Limited, formerly Burger King India Limited, reported standalone revenue of Rs. 5,687 million for the second quarter of FY26, representing a 15.6% increase year-over-year. The company achieved same-store sales growth of 2.8% and gross margins of 68.3%, up 80 basis points from the previous year. Standalone EBITDA reached Rs. 813 million, growing 16.3% year-over-year. The restaurant count expanded to 533 stores with 14 new additions during the quarter. The company experienced positive traffic growth in both dine-in and delivery channels, attributed to value offerings, menu innovations, and technology investments. Management cited supply chain efficiencies for margin expansion and expressed confidence about growth prospects for the second half of the year, noting favorable GST reforms and benign inflation outlook.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
591.15
#1 39,006.75
102.97
#1 8,217.10
#1 44.26
#1 232
192.63
47.07
147.32
18,148.90
#1 -392.97
4,988.00
38.99
-7
-389.80
40.27
550.10
8,578.05
234.00
2,515.70
4.37
12
#1 6,825.00
33.12
261.75
8,412.20
26,320.00
2,919.10
11.09
17
-106.45
40.57
62.64
#5 3,646.85
#2 -16.36
#4 2,581.90
#4 5.14
#7 -233
#3 3.21
27.66
36.90
779.52
-6.53
1,125.60
0.69
-143
-265.12
34.59
181.70
710.20
-13.21
1,248.90
-1.82
-27
-216.90
20.08
Growth Rate
Revenue Growth
5.14 %
Net Income Growth
-1.65 %
Cash Flow Change
1.25 %
ROE
-30.86 %
ROCE
-42.24 %
EBITDA Margin (Avg.)
9.33 %

Quarterly Financial Results

Quarterly Financials
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
325
302
362
439
409
502
536
534
518
618
628
608
602
660
633
648
640
720
712
Expenses
306
287
344
384
405
460
500
497
487
563
569
536
528
584
569
570
559
625
633
EBITDA
19
16
18
55
5
42
36
38
32
55
60
72
74
77
63
78
81
95
79
Operating Profit %
5 %
4 %
4 %
12 %
-1 %
6 %
5 %
6 %
5 %
8 %
9 %
11 %
12 %
10 %
10 %
11 %
12 %
10 %
10 %
Depreciation
57
58
58
59
59
70
67
68
80
79
79
80
119
92
91
93
96
93
97
Interest
22
23
23
23
27
23
24
26
32
31
32
32
47
37
38
40
46
47
46
Profit Before Tax
-60
-65
-62
-27
-82
-51
-55
-56
-80
-54
-51
-40
-92
-52
-65
-55
-60
-45
-63
Tax
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Profit
-60
-65
-62
-27
-82
-51
-55
-56
-80
-54
-51
-40
-92
-52
-65
-55
-60
-45
-63
EPS in ₹
-1.27
-1.51
-1.26
-0.59
-1.53
-0.96
-1.01
-1.02
-1.48
-1.02
-0.93
-0.73
-1.72
-0.99
-1.21
-1.01
-1.13
-0.72
-1.01

Balance Sheet

Balance Sheet
2021
2022
2023
2024
2025
Total Assets
1,963
2,378
2,493
2,709
3,463
Fixed Assets
1,391
1,514
1,953
2,320
2,603
Current Assets
466
742
391
222
689
Capital Work in Progress
48
18
35
49
34
Investments
124
402
147
83
24
Other Assets
401
444
358
257
802
Total Liabilities
1,963
2,378
2,493
2,709
3,463
Current Liabilities
1,033
498
591
648
779
Non Current Liabilities
820
812
1,057
1,431
1,789
Total Equity
110
1,068
846
629
894
Reserve & Surplus
-298
547
331
130
327
Share Capital
383
493
495
496
582

Cash Flow

Cash Flow
2021
2022
2023
2024
2025
Net Cash Flow
82
99
-30
-124
503
Investing Activities
-322
-1,091
16
-219
-232
Operating Activities
48
78
124
346
350
Financing Activities
357
1,112
-170
-251
385

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Feb 2022
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
52.69 %
52.62 %
52.56 %
52.52 %
40.96 %
40.96 %
40.91 %
40.90 %
40.82 %
40.81 %
40.80 %
15.44 %
15.39 %
15.39 %
15.33 %
13.17 %
13.16 %
11.27 %
11.27 %
11.27 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
24.86 %
18.78 %
17.52 %
15.34 %
20.36 %
20.52 %
20.65 %
DIIs
5.62 %
4.95 %
5.22 %
4.34 %
6.45 %
7.31 %
8.56 %
8.67 %
9.80 %
9.93 %
9.69 %
21.81 %
23.25 %
23.14 %
28.37 %
37.75 %
38.84 %
40.44 %
39.97 %
40.07 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
15.31 %
13.68 %
13.74 %
14.11 %
11.92 %
13.42 %
13.95 %
12.81 %
12.52 %
12.58 %
12.91 %
14.52 %
16.74 %
18.11 %
17.97 %
18.35 %
19.38 %
16.99 %
16.79 %
17.23 %
Others
26.37 %
28.75 %
28.48 %
29.03 %
40.68 %
38.31 %
36.58 %
37.62 %
36.86 %
36.69 %
36.60 %
48.24 %
44.62 %
18.50 %
19.55 %
13.21 %
13.27 %
10.93 %
11.44 %
10.78 %
No of Share Holders
2,88,440
2,86,650
2,82,099
2,82,495
2,89,959
2,89,568
2,81,192
2,60,231
2,50,348
2,44,855
2,39,857
2,43,318
2,39,542
2,36,346
2,28,755
2,24,862
2,30,770
2,28,323
2,27,707
2,28,635

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
19 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
19 Sept 2024 106.40 108.10
28 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
28 Oct 2024 103.10 94.15
29 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Jan 2025 78.29 71.81
19 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
19 May 2025 76.83 82.29
31 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
31 Jul 2025 84.51 82.78
21 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
21 Aug 2025 84.83 81.75
30 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Oct 2025 71.13 71.09

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 31, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportOct 30, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationOct 30, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 30, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 30, 2025
Board Meeting Outcome for Outcome Of The Meeting Of Board Of Directors Held On October 30 2025Oct 30, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 24, 2025
Board Meeting Intimation for To Consider And Approve The Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025Oct 23, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 10, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 07, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 30, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 29, 2025
Closure of Trading WindowSep 26, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 18, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 25, 2025
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationAug 22, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 22, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 21, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 31, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportJul 31, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 31, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJul 31, 2025
Outcome Of Meeting Of The Board Of DirectorsJul 31, 2025
Board Meeting Outcome for Outcome Of Meeting Of Board Of DirectorsJul 31, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 29, 2025
Business Responsibility and Sustainability Reporting (BRSR)Jul 28, 2025
Reg. 34 (1) Annual Report.Jul 28, 2025
Notice Of The 12Th Annual General Meeting Of Restaurant Brands Asia LimitedJul 28, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJul 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 25, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter Ended June 30 2025Jul 24, 2025
Twelfth (12Th) Annual General Meeting Of Restaurant Brands Asia LimitedJul 23, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 10, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJul 01, 2025
Closure of Trading WindowJun 26, 2025
General AnnouncementJun 20, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 22, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 21, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 19, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementMay 19, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
JM Flexicap Fund Direct Plan-Growth
1.30%
-267406
-0.25%
-0.32%
Tata ELSS Fund Direct-Growth
0.84%
-83598
-0.17%
-0.23%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.40%
17620
-0.07%
-0.11%
Groww Nifty Total Market Index Fund Direct - Growth
0.02%
58
0.00%
0.00%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.02%
-32
0.00%
0.00%
Angel One Nifty Total Market Index Fund Direct - Growth
0.02%
28
0.00%
0.00%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.02%
15
0.00%
0.00%
HDFC Multi Cap Fund Direct - Growth
0.09%
0
-0.01%
-0.02%
Nippon India Growth Mid Cap Fund Direct- Growth
0.25%
0
-0.05%
-0.06%
JM Small Cap Fund Direct - Growth
2.13%
0
-0.41%
-0.56%
JM Value Fund Direct Plan-Growth
2.59%
0
-0.41%
-0.47%
Mahindra Manulife Business Cycle Fund Direct - Growth
0.00%
0
0.00%
0.00%
Mahindra Manulife Consumption Fund Direct - Growth
0.54%
0
-0.11%
-0.15%
Mirae Asset Large Cap Fund Direct- Growth
0.18%
0
-0.03%
-0.04%
HDFC Flexi Cap Direct Plan-Growth
0.23%
0
-0.05%
-0.07%
Motilal Oswal Large Cap Fund Direct - Growth
0.91%
0
-0.19%
-0.27%
Bajaj Finserv Multi Cap Fund Direct-Growth
0.55%
0
-0.13%
-0.21%
Nippon India Focused Fund Direct-Growth
1.23%
0
-0.22%
-0.28%
HDFC Focused Fund Direct-Growth
0.60%
0
-0.13%
-0.19%
Nippon India Innovation Fund Direct - Growth
0.89%
0
-0.15%
-0.20%
Old Bridge Focused Fund Direct - Growth
1.53%
0
-0.35%
-0.53%
SBI Conservative Hybrid Fund Direct-Growth
0.00%
0
0.00%
0.00%
SBI Consumption Opportunities Fund Direct-Growth
0.00%
0
0.00%
0.00%
SBI Magnum Children's Benefit Fund - Savings Plan Direct
0.00%
0
0.00%
0.00%
SBI Multi Asset Allocation Fund Direct-Growth
1.22%
0
-0.28%
-0.45%

Technical Indicators

RSI(14)
Neutral
28.09
ATR(14)
Less Volatile
2.08
STOCH(9,6)
Oversold
10.76
STOCH RSI(14)
Oversold
14.73
MACD(12,26)
Bearish
-0.12
ADX(14)
Strong Trend
37.24
UO(9)
Bullish
25.33
ROC(12)
Downtrend And Accelerating
-6.54
WillR(14)
Oversold
-95.41