Restaurant Brands Asia Q1 revenue rises 18% as Burger King India posts 12.6% SSSG
Restaurant Brands Asia reported ₹822.6 crore in Q1 FY27 revenue, up 17.9% year on year. Burger King India revenue rose 23.6% to ₹682.9 crore, while nine new Indian restaurants lifted the network to 752. New promoter Inspira Global has committed ₹1,050 crore, with up to ₹450 crore more through warrants.
What happened
Restaurant Brands Asia reported strong Q1 FY27 growth, adding nine Indian restaurants and delivering 12.6% Burger King India same-store sales growth. New
Key facts
- Store network: 752 restaurants
- 9 new stores added in India since March 31, 2026
- Consolidated revenue from operations: Rs 822.6 crore, up 17.9% YoY
- Burger King India revenue: Rs 682.9 crore, up 23.6% YoY
- Burger King India SSSG: 12.6%
- Restaurant EBITDA: Rs 90 crore, up 68.1% YoY; margin 13.2% versus 9.7%
- Company EBITDA: Rs 52.7 crore, up 133.6% YoY; margin 7.7% versus 4.1%
- Inspira Global acquired a controlling 42% stake
- Fresh equity and warrants infusion: Rs 1,050 crore
- Additional warrant capital: Rs 450 crore
- Inspira shareholding on warrant exercise: 48%
Why this matters
Inspira Global’s ₹1,050 crore commitment, with up to ₹450 crore more via warrants, gives Restaurant Brands Asia added firepower to fund Burger King India’s expansion beyond its 752-store network.
What to watch
- Burger King India same-store sales growth staying above high-single digits in subsequent quarters.
- Net restaurant additions and whether the opening run rate rises materially above nine stores per quarter.
- Timing, structure and actual receipt of the ₹1,050 crore promoter infusion and any ₹450 crore warrant conversion.
- Restaurant-level margin, EBITDA loss/profit trend, cash burn and pre-opening expenses.
- Average sales per restaurant and maturation performance of newly opened outlets.
- Competitive promotional intensity from McDonald's, KFC, Domino's, local QSR chains and food-delivery platforms.
- Consumer discretionary spending, food inflation and rental-cost trends in key Indian cities.
- Prioritize high-throughput, delivery-led and mall locations for the next wave of Burger King India openings.
- Deploy promoter funding toward store expansion, remodels, digital ordering, loyalty and supply-chain capacity rather than broad-based discounting.
- Use improving scale to renegotiate procurement, logistics and delivery-platform costs.
- Balance company-operated growth with asset-light franchise expansion if capital efficiency becomes a market concern.
- Communicate a clear path from revenue growth to restaurant-level EBITDA and consolidated cash-flow improvement.