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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Restaurant Brands Asia
Restaurant Brands Asia (RBA) investor relations material
Restaurant Brands Asia Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary29 Oct, 2026
Executive summary
Q2 FY27 consolidated revenue was ₹8,448.47 million, up 20.1% YoY; consolidated net loss narrowed to ₹237.91 million from ₹633.29 million.
India delivered positive earnings, while Indonesia remained loss-making at company level; Burger King Indonesia showed early recovery and asset upgrades are planned.
Financial highlights
Consolidated pre-Ind AS 116 restaurant EBITDA rose 73.3% to ₹918 million and company EBITDA increased to ₹432 million; post-Ind AS 116 restaurant and company EBITDA were ₹1,634 million and ₹1,148 million.
Consolidated gross profit grew 23.8% to ₹5,760 million; gross margin was 68.2%, versus 66.1% a year earlier.
India revenue increased 24.1% to ₹7,055.70 million; pre-Ind AS 116 restaurant EBITDA was ₹910 million and company EBITDA ₹551 million.
Standalone Q2 net profit was ₹155.85 million; H1 net profit was ₹124.11 million, versus a ₹317.80 million loss a year earlier.
Outlook and guidance
India plans 80–100 annual store openings through a cluster-led strategy, subject to responsible growth and return criteria.
India restaurant EBITDA margin is expected to stay above 13%; management sees a path toward 15% through volume leverage, while efficiency gains may moderate.
Indonesia planned a national Q3 rollout of Super Hemat value deals and continued use of the Boss limited-time-offer platform.
No forward SSSG forecast was provided; Families and kids initiatives are intended to support future traffic, with the kids program planned for December.
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Latest events from Restaurant Brands Asia
- Q1 FY27 revenue up 17.9% YoY to INR 8,226.10 million; India SSSG 12.6%; new promoters onboard.RBA
Q1 26/27 - India posted strong growth in FY26, but overall losses widened due to exceptional items.RBAQ4 2026
- Q3 revenue rose to ₹7,146.54 million; Inspira Global to infuse capital and gain control.RBAQ3 25/26
- Revenue up 11.2% YoY, India drives growth, Indonesia faces losses, expansion ongoing.RBAQ2 25/26
- India's growth and Indonesia's cost focus drove higher margins, but losses persisted.RBAQ1 25/26
- Revenue up year-over-year, but net losses widened; India profitable, Indonesia loss-making.RBAQ2 24/25
- Record Q1 revenue and margin gains in India; Indonesia improved efficiency amid headwinds.RBAQ1 24/25
- India's growth and digital gains offset Indonesia's decline; QIP boosted liquidity.RBAQ4 24/25
- India's growth and digital gains offset Indonesia's losses and market headwinds.RBAQ3 24/25
Next Restaurant Brands Asia earnings date
Q3 26/2714 Feb, 2027
Restaurant Brands Asia
Next Restaurant Brands Asia earnings date
Q3 26/2714 Feb, 2027
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Frequently asked questions
Restaurant Brands Asia Limited is a food services company operating quick-service restaurant chains across multiple markets. The company holds exclusive franchise rights for global brands, focusing on managing and expanding outlets to serve a diverse customer base. It offers a variety of fast-food options, including burgers, sides, beverages, and desserts. The company is headquartered in Mumbai, India, and its shares are listed on the BSE.