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Restaurant Brands Asia, the master franchisee of Burger King in India, reported an improvement in its financial performance during the first quarter of FY27, with its consolidated loss narrowing to INR 33 crore and revenue from operations rising 17.9% year-on-year. The company also completed a major ownership transition, with Inspira Global acquiring a controlling 42% stake through a fresh capital infusion of INR 1,050 crore. The funding is expected to strengthen the company's balance sheet and support its expansion, digital investments, restaurant development and long-term growth strategy.
Restaurant Brands Asia, the master franchisee of the Burger King brand in India, reported a narrower consolidated loss of INR 33 crore for the June quarter of FY27, compared to a loss of INR 45.43 crore recorded during the corresponding quarter of the previous financial year.
The company also posted healthy growth in revenue during the quarter. Consolidated revenue from operations increased 17.9% year-on-year to INR 822.61 crore from INR 697.72 crore in the same period last year, reflecting continued improvement in business performance.
At the same time, total expenses rose 14.4% to INR 875.41 crore during the quarter, compared with the year-ago period. Despite higher operating costs, the company's losses narrowed as revenue growth outpaced the rise in expenses.
Commenting on the quarterly performance, Whole-time Director and Group CEO Rajeev Varman said the company had achieved an important milestone in its efforts towards sustainable and profitable growth in India. He stated that Restaurant Brands Asia had built on the positive momentum seen during the second half of the previous financial year and delivered strong growth in restaurant-level and company operating profits.
In a separate regulatory filing, the company announced that Inspira Global has completed the acquisition of a controlling 42% stake in Restaurant Brands Asia.
As part of the transaction, Inspira Global infused INR 1,050 crore into the company through the issuance of fresh equity shares and warrants. The company further stated that once the warrants are exercised, Inspira Global will invest an additional INR 450 crore, increasing its shareholding to 48%.
According to the company, the fresh capital has significantly strengthened its balance sheet and enhanced its financial flexibility. The funds are expected to be used to support future expansion, restaurant development, brand-building initiatives, investments in digital capabilities and the company's long-term growth plans.
Restaurant Brands Asia operates Burger King outlets in India under a master franchise arrangement and has been focusing on expanding its restaurant network while improving operational efficiency and profitability. The company has also continued to invest in digital ordering channels and customer engagement initiatives as competition in India's quick service restaurant segment remains strong.
Shares of Restaurant Brands Asia closed at INR 70.87 apiece on the BSE, up 6.44% from the previous closing price following the company's announcements.
Source PTI
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