Restaurant Brands Asia Limited (RBA), formerly known as Burger King India Limited, has received shareholder approval for a significant amendment to its Memorandum of Association. The decision, made at the company's 12th Annual General Meeting (AGM) held on August 21, 2025, will see the authorized share capital of the company increase to ₹700 crore.

Key Details of the Amendment

• New Authorized Share Capital: ₹700 crore
• Share Structure: 70 crore equity shares of ₹10 each
• Approval Method: Ordinary resolution passed at the AGM

Reasons for the Capital Increase

The company cited two primary reasons for this strategic move:

1. Employee Stock Option Scheme: The introduction of the RBAL Employee Stock Option Scheme 2024, which is expected to result in further capital dilution.

2. Recent Share Issuance: RBA issued and allotted shares through a Qualified Institutions Placement in March 2025.

Implications of the Amendment

The increase in authorized share capital provides RBA with greater flexibility for future capital raising activities. It also addresses the minimal difference that existed between the company's current paid-up share capital and its previous authorized share capital.

Voting Results

The resolution for increasing the authorized share capital received strong support from shareholders:

The overwhelming approval demonstrates strong shareholder confidence in the company's growth strategy and future plans.

Corporate Governance

RBA has shown commitment to transparency by promptly disclosing the voting results and details of the amendment to the stock exchanges. The company has also made this information available on its website, ensuring easy access for all stakeholders.

This capital clause amendment marks a significant step for Restaurant Brands Asia Limited as it positions itself for potential growth and expansion in the competitive quick-service restaurant sector.

Restaurant Brands Asia Limited (Burger King), formerly known as Burger King India Limited, has reported a robust performance for the first quarter, with revenue growth of 12.6% year-over-year to INR 552.00 crores. The company's growth was driven by same-store sales growth (SSSG) of 2.6% and the addition of 63 net new restaurants over the past year.

Financial Highlights

• Revenue increased by 12.6% to INR 552.00 crores
• Restaurant EBITDA increased by 23% to INR 53.60 crores
• Company EBITDA grew by 28.6% to INR 22.50 crores
• Gross profit margin maintained at 67.6%
• Restaurant EBITDA margins improved by 0.8% year-over-year to 9.7%

Operational Performance

The company's India business showed strong growth, particularly in dine-in traffic. Key drivers of this performance include:

• Value promotions such as '2 for 79' and '2 for 99' offerings
• Introduction of premium Korean burger range
• Expansion of cafe presence to 480 locations

Digital Transformation

Restaurant Brands Asia has made significant strides in its digital initiatives:

• 93% of restaurants now equipped with self-ordering kiosks
• 90% of sales processed digitally
• The company's app saw a 50% growth in installs and a 60% increase in orders quarter-on-quarter

Cafe Business

The company has rapidly expanded its cafe presence:

• Cafe ADS (Average Daily Sales) stands at INR 13,000 for the overall portfolio
• Older stores (first 200) have seen a cumulative 10% improvement in cafe sales since launch
• Recent introduction of INR 99 cafe promotion to drive trials

Menu Innovation

The company continues to innovate its menu offerings:

• Launched premium 'Kings Collection 2.0' with improved quality
• Introduced co-branded Kit Kat BK Fusion
• Rolled out new Whopper Deluxe range with prices ranging from INR 139 to INR 199

Indonesia Operations

The company's Burger King business in Indonesia is showing signs of improvement:

• Achieved positive restaurant-level EBITDA for the first time in several quarters
• ADS grew 5% year-over-year from November to July
• Closed 4 additional restaurants and reduced corporate overheads by 25% (INR 15.00 crores)

Future Outlook

Restaurant Brands Asia maintains its guidance of adding 60-80 restaurants annually to reach approximately 800 by FY29. The company is targeting a gross profit margin of 70% by FY29.

Rajeev Varman, Whole-Time Director and Group CEO, commented on the results: "The India business continues to get stronger. There's work to do. We need to grow the top line. We need to continue working on our middle layers, whether it's rent, utilities, margins. But we feel good about the business because our dine-in traffic continues to grow."

The company remains focused on driving traffic, offering great taste, clear differentiation, and exceptional value to guests, powered by its unique twin engines of burgers and chicken.