Restaurant Brands Asia Q1FY27 revenue rises 17.9%, SSSG hits 12.6%
Restaurant Brands Asia Ltd reported Q1FY27 consolidated revenue of ₹8,226 million, up 17.9% YoY, with India contributing ₹6,829 million. Same-store sales growth hit 12.6%, the highest in 15 quarters. Inspira Global acquired a 42% stake, infusing ₹1,050 crore.

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Restaurant Brands Asia Limited reported consolidated revenue from operations of ₹8,226 million for Q1FY27, a 17.9% year-on-year increase, driven by a robust 12.6% same-store sales growth (SSSG) in India—the highest in 15 quarters. The Mumbai-based operator also confirmed that Inspira Global has completed the acquisition of a controlling 42% stake, infusing ₹1,050 crore into the business to support future expansion and brand-building initiatives.
The Board of Directors approved the unaudited financial results on August 03, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors B S R & Co. LLP issued a limited review report on the statements. The company’s store network expanded to 752 restaurants, adding nine new outlets in India since March 31, 2026.
Financial Performance Highlights
Consolidated revenue rose to ₹8,226 million from ₹6,977 million in Q1FY26. While the company reported a consolidated net loss of ₹330 million, down from ₹454 million in the prior year, operational profitability improved significantly. Company EBITDA (Pre-Ind AS 116) surged 265.7% to ₹435 million from ₹119 million. In standalone terms, revenue grew 23.6% to ₹6,829 million, with Restaurant EBITDA (Pre-Ind AS 116) increasing 68.1% to ₹900 million.
| Metric | Q1FY27 | Q1FY26 | Change |
|---|---|---|---|
| Consolidated Revenue (₹ Million) | 8,226 | 6,977 | +17.9% |
| Consolidated Net Loss (₹ Million) | (330) | (454) | -27.4% |
| Company EBITDA Pre-Ind AS 116 (₹ Million) | 435 | 119 | +265.7% |
| Standalone Revenue (₹ Million) | 6,829 | 5,523 | +23.6% |
| Restaurant EBITDA Pre-Ind AS 116 (₹ Million) | 900 | 535 | +68.1% |
Operational Efficiency and Margins
Standalone Restaurant EBITDA margin expanded to 13.2% from 9.7% in Q1FY26, reflecting improved cost management and higher throughput. Company EBITDA (Pre-Ind AS 116) margin increased to 7.7% from 4.1%. The Indian segment contributed ₹6,829 million to standalone revenue, while the Indonesia segment reported revenue of ₹1,397 million. Whole-time Director and Group CEO Rajeev Varman attributed the performance to disciplined execution, menu innovation, and digital capabilities.
Promoter Change and Capital Infusion
Inspira Global, owner of brands including Chinese Wok, acquired a 42% controlling stake through a preferential issue and open offer completed in July 2026. The transaction involved an infusion of ₹1,050 crore via fresh equity shares and warrants. Upon exercise of these warrants, Inspira Global will inject an additional ₹450 crore, raising its shareholding to 48%. Previous promoters QSR Asia Pte Ltd and F&B Asia Ventures were reclassified to the public category. This change in control aims to leverage Inspira’s industry expertise to accelerate growth and improve operational efficiency.
What the Numbers Show
The divergence between the persistent net loss and surging EBITDA highlights the impact of non-operating expenses and depreciation on the bottom line. However, the 265.7% jump in Company EBITDA (Pre-Ind AS 116) signals robust underlying operational health. The new promoter’s significant capital commitment provides financial flexibility for store expansion and digital upgrades, potentially accelerating the path to sustained profitability.
Historical Stock Returns for Restaurant Brand Asia (Burger King)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.18% | +8.59% | -10.63% | +10.67% | -13.09% | -61.93% |
How will Inspira Global's existing expertise with Chinese Wok influence Restaurant Brands Asia's menu innovation and cross-brand synergies in the Indian market?
Given the persistent net loss despite surging EBITDA, what specific non-operating expenses or depreciation factors are expected to normalize in upcoming quarters?
Will the additional ₹450 crore capital infusion upon warrant exercise accelerate the company's store expansion targets beyond the current pace of nine new outlets per quarter?


































