Restaurant Brands Asia Limited Earnings Summary — Q1 FY2027
Restaurant Brands Asia Reports Revenue Growth Amidst Promoter Change and Continued Losses
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 16.4% sequentially in Q1 FY2027.
- Revenue of ₹823 Cr is 17.9% higher year-on-year.
- Revenue has compounded at 15.3% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹-28 Cr is 32.4% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Operating margin stands at 12.2% in Q1 FY2027.
- Operating margin expanded by 175 bps year-on-year.
- Over the last two years operating margin has expanded by 241 bps.
- PBT margin is -4.0%.
- Expense growth of 15.6% remained below revenue growth of 17.9%.
- Operating profit of ₹100 Cr is 37.7% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 75/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 823 | 707 | 715 | 703 | 698 | 633 | 639 | 632 | 647 | 597 |
| Expenses | Improving | 722 | 612 | 625 | 632 | 625 | 559 | 570 | 569 | 584 | 528 |
| Operating Profit | Improving | 100 | 95 | 90 | 71 | 73 | 73 | 70 | 63 | 63 | 69 |
| Operating Margin | Stable | 12.2% | 13.4% | 12.5% | 10.1% | 10.4% | 11.6% | 10.9% | 10.0% | 9.8% | 11.6% |
| Other Income | Volatile | 20 | 8 | 8 | 8 | 22 | 8 | 9 | 0 | 14 | 5 |
| Interest | Stable | 49 | 50 | 47 | 46 | 47 | 46 | 40 | 38 | 37 | 47 |
| Depreciation | Stable | 104 | 101 | 98 | 97 | 93 | 96 | 93 | 91 | 92 | 119 |
| Profit Before Tax | Accelerating | -33 | -47 | -48 | -63 | -45 | -60 | -55 | -65 | -52 | -92 |
| Tax | Insufficient data | — | — | — | — | — | — | — | — | — | — |
| Net Profit | Accelerating | -28 | -43 | -44 | -59 | -42 | -56 | -50 | -60 | -49 | -85 |
| Net Margin | Accelerating | -3.5% | -6.1% | -6.1% | -8.3% | -6.0% | -8.9% | -7.9% | -9.5% | -7.6% | -14.3% |
Key Takeaways
- Consolidated revenue grew 17.9% YoY to ₹8,226.10 million, driven by strong performance in the India segment.
- The company remains structurally loss-making with a consolidated net loss of ₹330.03 million for the quarter.
- A major change in promoter control occurred in July 2026, with the Acquirers (Lenexis Foodworks and associates) taking control from QSR Asia Pte Ltd.
- RBA Board approved an investment of up to IDR 100 billion in its Indonesian subsidiary through redeemable preference shares.
- India segment revenue reached ₹6,828.98 million, accounting for approximately 83% of total consolidated revenue.
- The company raised substantial funds through a preferential issue, holding ₹10,500 million in mutual funds as of the reporting date.
- Consolidated EBITDA (Segment Results) improved to ₹1,001.89 million compared to ₹727.73 million in the same quarter last year.
- Finance costs and depreciation remain high at ₹494.81 million and ₹1,035.13 million respectively, impacting bottom-line recovery.
Management Guidance
Management is focusing on store network maturation and business requirements in Indonesia, supported by the new IDR 100 billion capital infusion for BK Indonesia.
Sentiment Shift
Improving
While net losses persist, the significant narrowing of losses and the entry of new promoters with a fresh capital infusion via preferential allotment provides a more stable liquidity profile.
Outlook
The outlook remains focused on scaling the India business while stabilizing Indonesian operations under new promoter leadership and utilizing the ₹10,500 million cash buffer for expansion.
From the Annual Report (Key Quotes)
“The Acquirers and IATL acquired control over the Company and became the ‘promoters’ of the Company... such reclassification came into effect from July 7, 2026.”
“Board has considered and approved investment in PT Sari Burger Indonesia... for an amount not exceeding IDR 100 billion.”
“The Company believes that there is single reportable segment [for standalone], while consolidated includes India and Indonesia.”
Official Quarterly Documents
Ask AI about this quarter
This summary is AI-generated from Restaurant Brands Asia Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.