Restaurant Brands Asia Q2 Loss Widens to ₹202 Million Despite 16% Revenue Growth

Mumbai, October 31, 2025 – Restaurant Brands Asia Ltd (NSE: RBA), the master franchisee of the Burger King brand in India, on Monday reported a wider standalone loss for the quarter ended September 30, 2025 (Q2 FY26). The company’s losses expanded to ₹202.12 million, compared to ₹165.81 million during the same quarter a year ago.

Strong Revenue Momentum

Revenue from operations for Restaurant Brands Asia stood at ₹5,686.53 million, up 15.6% YoY from ₹4,921.22 million reported in Q2 FY25. Sequentially, revenue increased 3% from ₹5,522.92 million in Q1 FY26. The total income for the quarter stood at ₹5,801.58 million, almost the same as ₹5,798.46 million in the last quarter, and up 16.2% YoY. Other income came in at ₹115.05 million against ₹70.87 million last year.

Expenses and Profitability

Total expenses expanded to ₹6,003.70 million, up 16.4% YoY, mainly due to higher material and employee costs. The cost of materials consumed increased to ₹1,802.49 million from ₹1,599.31 million in Q2 FY25.

Employee benefit expenses increased to ₹892.44 million from ₹755.22 million in the same period a year ago. Finance costs stood at ₹403.60 million, which is slightly lower than the previous quarter but higher than ₹325.77 million YoY. Depreciation and amortisation rose to ₹689.57 million from ₹610.56 million a year ago.

Other expenses increased to ₹2,215.60 million from ₹1,867.04 million in Q2 FY25. With expenses outpacing income, the company reported a loss before tax of ₹202.12 million, against ₹165.81 million in Q2 FY25 and ₹115.69 million in Q1 FY26.

Half-Yearly Performance

The total income for the first half of FY26 surged 16.5% YoY to ₹11,600.04 million versus ₹9,953.35 million for the corresponding period of last year. Evidently, even with such growth, the company has incurred a net loss of ₹317.80 million, which is narrower than ₹435.26 million recorded during H1 FY25.

Earnings Per Share & Balance Sheet Position

The company has reported a basic and diluted EPS of ₹0.35 for Q2 FY26 versus ₹0.33 in the corresponding quarter of last year. For the half-year period, the EPS was at ₹0.55, representing continued losses from operations.

The capital structure of Restaurant Brands Asia remains stable, with the paid-up equity share capital standing at ₹5,822.52 million and other equity stood at ₹16,783.40 million as of September 30, 2025. Accordingly, in Q2 FY26, the total comprehensive loss stood at ₹194.92 million versus ₹166.26 million in Q2 FY25.

Share Price Update

At 11:21 AM, the share price of Restaurant Brands Asia Limited is trading at ₹69.02, down 3.89% on Friday. Shares of Restaurant Brands Asia Ltd opened at ₹71.80 on Friday and remained flat at the same level during intraday trade, touching a low of ₹68.76. The company’s market capitalisation stood at approximately ₹4,050 crore. The stock has traded between a 52-week high of ₹93.50 and a low of ₹59.40.

Restaurant Brands Asia Limited, an NSE and BSE-listed company, operates the Burger King franchise in India and Indonesia. It has continued to focus on building a strong store network, enhancing digital ordering platforms, and improving operational efficiencies toward long-term profitability in the QSR space.

REF: https://nsearchives.nseindia.com/corporate/RBA_30102025223923_Finaluploadds.pdf

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