Restaurant Brands Asia, the operator of Burger King in India and Indonesia, reported a significant improvement in its financial performance for the second quarter of the fiscal year 2027 (Q2 FY27). The company's consolidated revenue from operations rose by 20.12% year-on-year (YoY) to ₹844.85 crore, up from ₹703.42 crore in the same quarter last year. Meanwhile, its net loss narrowed sharply to ₹19.58 crore compared to a loss of ₹58.6 crore in Q2 FY26.
- Consolidated revenue increased 20.12% YoY to ₹844.85 crore in Q2 FY27.
- Net loss reduced to ₹19.58 crore from ₹58.6 crore in the previous year.
- Burger King India contributed 83% of total revenue.
- EBITDA grew over 73% YoY to ₹91.8 crore.
- Strategic leadership changes announced to support growth.
What contributed to the revenue growth of Restaurant Brands Asia in Q2 FY27?
The revenue growth was primarily driven by Burger King India, which accounted for 83% of the company’s total revenue. The company experienced strong same-store sales growth (SSSG) of 14% and expanded its restaurant network, which helped boost sales. Burger King Indonesia also contributed 15% of the revenue and showed signs of revival due to strategic initiatives. Popeyes Indonesia contributed the remaining 2%.
How did the company’s profitability improve during the quarter?
Restaurant Brands Asia's earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by more than 73% YoY to ₹91.8 crore in Q2 FY27, compared to ₹53 crore in the same quarter last year. This increase in operating profit reflects improved operational efficiency and cost management alongside revenue growth.
What leadership changes were announced by the company?
Rajeev Varman, Whole-time Director and Group Chief Executive Officer, announced that Sumit Zaveri will lead the India business segment, continuing to report directly to him. This leadership change aims to strengthen focus on sales growth, cost efficiencies, and expanding the restaurant footprint in India.
How did the stock market respond to the earnings announcement?
On October 29, 2026, the company’s stock closed 2.86% lower at ₹92.23 per share on the National Stock Exchange (NSE). However, the shares have gained 7% over the past week and more than 45% year-to-date. The stock reached a 52-week high of ₹111.15 on August 24, 2026, and a low of ₹57.15 on March 30, 2026.
What is the current market capitalization of Restaurant Brands Asia?
As of October 29, 2026, Restaurant Brands Asia has a total market capitalization of ₹6,568.79 crore according to NSE data.
Frequently Asked Questions
Q: What brands does Restaurant Brands Asia operate?
A: The company operates Burger King in India and Indonesia, and Popeyes in Indonesia.
Q: What was the net loss reported in Q2 FY27?
A: The net loss narrowed to ₹19.58 crore in Q2 FY27 from ₹58.6 crore in Q2 FY26.
Q: How much did EBITDA increase in Q2 FY27?
A: EBITDA increased by over 73% year-on-year to ₹91.8 crore.
