Restaurant Brand Asia (Burger King)

Restaurant Brands Asia Limited shareholders approved an amendment to the Capital Clause of the company's Memorandum of Association at the 12th Annual General Meeting held on August 21, 2025. The authorized share capital has been increased to ₹700 crore, divided into 70 crore equity shares of ₹10 each. The company cited the introduction of the RBAL Employee Stock Option Scheme 2024 and shares issued through Qualified Institutions Placement in March 2025 as reasons for the increase. The amendment was necessary due to expected dilution from stock option schemes and the minimal difference between current paid-up share capital and previous authorized share capital.

Restaurant Brands Asia Limited reported quarterly revenue growth of 12.6% to INR 552 crores, driven by same-store sales growth of 2.6% and addition of 63 net new restaurants. Restaurant EBITDA increased 23% to INR 53.6 crores, while Company EBITDA grew 28.6% to INR 22.5 crores. The India business showed strong dine-in traffic growth supported by value promotions including '2 for 79' and '2 for 99' offerings, premium Korean burger range, and cafe expansion to 480 locations. Digital transformation reached 93% of restaurants with self-ordering kiosks, with 90% of sales now processed digitally. The company's app saw 50% growth in installs and 60% increase in orders quarter-on-quarter. In Indonesia, Burger King achieved positive restaurant-level EBITDA for the first time in several quarters, with ADS growing 5% year-over-year from November 2024 to July 2025. The company closed 4 additional restaurants in Indonesia and reduced corporate overheads by 25% (INR 15 crores), targeting further 10% reduction. Management maintains guidance of adding 60-80 restaurants annually to reach approximately 800 by FY29, with gross profit margin target of 70% by FY29.

Restaurant Brands Asia Limited submitted its monitoring agency report for the quarter ended June 30, 2025, showing compliant utilization of proceeds from its INR 500 crore Qualified Institutions Placement (QIP). ICRA Limited, the monitoring agency, confirmed no deviation from the stated objects of the issue. The company utilized INR 186.67 crore during the quarter: INR 72 crore for debt repayment, INR 30.65 crore for capital expenditure toward new restaurant setup, INR 64.11 crore for general corporate purposes (primarily salary payments of INR 63.30 crore), and INR 19.91 crore for issue-related expenses. The remaining INR 313.33 crore of unutilized funds were deployed in fixed deposits and mutual funds, generating returns between 7.65% to 9.62%. All project timelines remain on schedule with completion expected during fiscal 2026-2027.