The company opened 44 restaurants during the quarter, deepening its presence to 141 cities across the country
Marking an improvement in its performance, Restaurant Brands Asia, earlier known as Burger King India, has narrowed the loss attributable to the equity holders of the parent to Rs 43.53 crore in the third quarter of the current financial year from Rs 50.39 crore in Q3FY25.
The company opened 44 restaurants during the quarter, deepening its presence to 141 cities across the country. The company reported standalone revenue from operations at Rs 577.3 crore, an increase of 16.5 per cent over the same period last year, driven by a same-store sales growth of 4.5 per cent. The company witnessed a healthy increase in gross margins on the back of on-going supply chain and distribution efficiencies.
“As consumers become more discerning, we will continue to earn their trust by delivering consistent everyday value, menu innovation and operations excellence across our restaurants. Going forward, we remain laser focused on leveraging our competitive advantages, increasing profitability and expanding our store footprint to drive long-term, sustainable growth for all our stakeholders,” stated Rajeev Varman, Whole-time Director and Group Chief Executive Officer, RBA.
The average daily sales stood at Rs 1,17,000 during the quarter, led by consistent growth across dine-in and delivery channels. Gross margins were at 69.9 per cent, rising by more than 210 basis points over the same quarter in the preceding year. Standalone earnings before interest, tax, depreciation and amortisation (Ebitda) for the quarter was at Rs 95.3 crore, growing by 20.9 per cent year-on-year. The company opened 44 restaurants during the quarter, deepening its presence to 141 cities across the country.
RBA will be acquired by Inspira Global. QSR Asia Pte (QSR) entered into definitive agreements pursuant to which Inspira Global will purchase the entire shareholding of 11.26 per cent from QSR in RBA for approximately Rs 460 crore. In addition to the share purchase, Inspira Global proposes to infuse approximately Rs 900 crore through a preferential allotment of equity shares and Rs 600 crore through preferential allotment of warrants.
The transactions will be executed inter-alia through Lenexis Foodworks, Inspira Global’s food and beverage arm at a price of Rs 70 per share. The above transactions will result in Inspira Global acquiring a controlling interest in RBA, also triggering an open offer to the public shareholders of RBA.
