RBA reports Rs 33.00 cr consolidated loss despite 12.6% SSSG
Operating profit was positive, but depreciation and interest pushed the company into a loss; India also added 9 Burger King stores in the quarter.
Filed 03 Aug 2026, 16:14 IST · after market close · Restaurant Brands Asia Ltd (RBA)
Key takeaways
- Management said India’s same-store sales growth reached 12.6%, its highest level in the last 15 quarters.
- Depreciation of Rs 103.51 cr and interest of Rs 49.48 cr outweighed operating profit of Rs 100.19 cr, resulting in a consolidated net loss of Rs 33.00 cr.
- RBA’s 12.18% operating margin was 1.25 percentage points below the 13.43% median among 63 Consumer Discretionary peers.
Price around the results
Depreciation and interest erased operating profit
Restaurant Brands Asia reported consolidated operating profit of Rs 100.19 cr on revenue of Rs 822.61 cr in Q1FY27. Depreciation of Rs 103.51 cr and interest of Rs 49.48 cr more than absorbed operating profit, leaving profit before tax and net profit at a loss of Rs 33.00 cr. Other income of Rs 19.80 cr softened the loss but did not change the result.
Operating margin trails the Consumer Discretionary median
The consolidated operating margin was 12.18%, leaving RBA 1.25 percentage points below the 13.43% median for the 63 Consumer Discretionary peers that had reported the same quarter. The gap places the quarter’s operating performance below the sector midpoint, even as the business remained profitable at the operating level.
India delivered its best same-store sales growth in 15 quarters
Management said India achieved same-store sales growth of 12.6%, the highest level in the last 15 quarters. The company also said Burger King India added 9 stores in Q1FY27, taking the network to 590 stores as of 30 June 2026.
Results were filed after market close
The consolidated results were filed at 16:14 IST on 03 August 2026, after market close. The immediate stock reaction is therefore not assessed in this note.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹823 cr |
| Other income | ₹20 cr |
| Expenses | ₹722 cr |
| Operating profit | ₹100 cr |
| Operating margin (%) | 12.18% |
| Interest | ₹49 cr |
| Depreciation | ₹104 cr |
| Profit before tax | ₹-33 cr |
| Tax | ₹0 cr |
| Net profit | ₹-33 cr |
| EPS (₹) | ₹-0.45 |
Operating margin of 12.18% compares with a Consumer Discretionary sector median of 13.43% across 63 peers that have reported Q1FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- India achieved same-store sales growth of 12.6%, its highest level in the last 15 quarters.
Expansion
- Burger King India added 9 stores in Q1 FY27, reaching 590 stores as of 30 June 2026.
What to watch
- Whether consolidated operating margin holds above 12.18% while depreciation remains at Rs 103.51 cr.
- Whether India’s same-store sales growth remains at 12.6% or higher.
- Whether Burger King India’s store count moves beyond 590 after the 9 additions in Q1FY27.