Burger Singh hits Rs 120 cr revenue, turns EBITDA-positive; plans 200+ new outlets
The desi burger chain's FY25 revenue grew 51% YoY to Rs 119.9 cr, with first-ever positive EBITDA of Rs 2.8 cr and net loss narrowing to Rs 3.9 cr from Rs 27.9 cr. Franchise-led kiosk rollout targets 200-250 new outlets; valued at Rs 467 cr post a $9M Series B.
What happened
Burger Singh posted FY25 revenue of Rs 119.9 cr, up 51%, with first positive EBITDA of Rs 2.8 cr and sharply reduced net loss. Franchise-led expansion via
Key facts
- FY25 revenue Rs 119.9 cr
- 51% YoY growth
- FY24 revenue Rs 79.6 cr
- FY21 revenue Rs 14.1 cr
- 3-yr CAGR ~59%
- Net loss Rs 3.9 cr (FY25) vs Rs 27.9 cr (FY24)
- EBITDA Rs 2.8 cr
- Operating cash flow Rs 3.1 cr
- Total expenses Rs 123.7 cr
- Employee costs Rs 17.8 cr
- 200-250 new outlets planned
- $29.6M raised across 14 rounds
- $9M Series B March 2026
- Valuation Rs 467 cr (Sep 2025)
Why this matters
A 200-outlet expansion runway post Series B positions Burger Singh as either a consolidation platform or an attractive bolt-on for strategics hunting desi-format exposure.