Restaurant Brands Asia Q3 Results: Burger King operator’s net loss widens to ₹50.3 crore, adds 69 stores in India

Restaurant Brands Asia, the operator of Burger King and Popeyes brands in the country, reported a wider net loss of ₹50.3 crore for the third quarter of fiscal 2025, compared to a loss of ₹36 crore in the same period last year.

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-Net loss at ₹50.3 cr vs loss of ₹36 cr (YoY)

-Revenue up 5.8% at ₹639 cr vs ₹604 cr (YoY)

-EBITDA up 1.6% at ₹69.4 cr vs ₹68.3 cr (YoY)

-Margin at 10.9% vs 11.3% (YoY) pic.twitter.com/IOOsjqykPo

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During the three months ended December 2024, the company’s revenue increased 5.8% to ₹639 crore, up from ₹604 crore a year earlier.

In terms of profitability, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose 1.6% to ₹69.4 crore. The company had posted an EBITDA of ₹68.3 crore in Q3 2023.

However, the company’s margin narrowed to 10.9% from 11.3% in the previous year.

As of December 31, 2024, the company operated 510 stores in India, up by 46 stores quarter-on-quarter and 69 stores year-on-year. The average daily sales stood at ₹114,000, with same-store sales growth (SSSG) down 0.5% due to flat demand.

Restaurant Brands, which also operates stores in Indonesia, rationalised its Burger King portfolio in the country, closing 15 underperforming stores, bringing the total to 147 stores, a decline of 15 year-on-year.

The shares of Restaurant Brands Asia ended at ₹72.20, up ₹0.7% on the BSE on Wednesday.

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