About
Restaurant Brands Asia Limited, together with its subsidiaries, operates quick service restaurant chains in India and Indonesia. It develops, establishes, operates, and franchises restaurants under the Burger King brand in India, as well as Burger King and POPEYES brands in Indonesia. The company was formerly known as Burger King India Limited and changed its name to Restaurant Brands Asia Limited in February 2022. Restaurant Brands Asia Limited was incorporated in 2013 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap6,918 Cr
P/E—
Div Yield0.00 %
Book Value₹12.40
52w High₹111.00
52w Low₹57.20
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 682.90 | 573.46 | 577.32 | 568.65 | 552.29 | 489.77 | 495.37 | 492.12 | 490.49 | 439.06 | 445.42 | 453.47 | 422.12 |
| Expenses | 585.41 | 475.26 | 481.61 | 491.05 | 484.18 | 414.84 | 417.77 | 422.15 | 427.98 | 383.97 | 374.67 | 390.05 | 373.65 |
| Operating Profit | 97.49 | 98.20 | 95.71 | 77.60 | 68.11 | 74.93 | 77.60 | 69.97 | 62.51 | 55.09 | 70.75 | 63.42 | 48.47 |
| OPM % | 14.28 | 17.12 | 16.58 | 13.65 | 12.33 | 15.30 | 15.67 | 14.22 | 12.74 | 12.55 | 15.88 | 13.99 | 11.48 |
| Other Income | 20.19 | -99.03 | 10.50 | 11.51 | 27.55 | 7.00 | 3.37 | 7.09 | 5.72 | 4.84 | 3.16 | 3.98 | 6.52 |
| Depreciation | 76.37 | 73.76 | 71.52 | 68.96 | 66.26 | 67.01 | 63.24 | 61.06 | 63.33 | 58.61 | 52.25 | 49.43 | 50.75 |
| Interest | 44.48 | 45.73 | 41.73 | 40.36 | 40.97 | 40.35 | 36.36 | 32.58 | 31.85 | 32.37 | 28.07 | 27.31 | 26.39 |
| Profit before tax | -3.17 | -120.32 | -7.04 | -20.21 | -11.57 | -25.43 | -18.63 | -16.58 | -26.95 | -31.05 | -6.41 | -9.34 | -22.15 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -3.17 | -120.32 | -7.04 | -20.21 | -11.57 | -25.42 | -18.63 | -16.58 | -26.95 | -31.04 | -6.41 | -9.34 | -22.15 |
| EPS in Rs | -0.04 | -2.06 | -0.12 | -0.35 | -0.20 | -0.44 | -0.37 | -0.33 | -0.54 | -0.63 | -0.13 | -0.19 | -0.45 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,272.00 | 1,968.00 | 1,760.00 | 1,440.00 | 944.00 | 494.00 | 841.00 | 633.00 | 378.00 | 230.00 | 139.00 | 16.00 |
| Expenses | 1,932.00 | 1,683.00 | 1,522.00 | 1,144.00 | 854.00 | 479.00 | 737.00 | 554.00 | 370.00 | 237.00 | 172.00 | 21.00 |
| Operating Profit | 340.00 | 284.00 | 238.00 | 295.00 | 90.00 | 15.00 | 104.00 | 79.00 | 8.00 | -7.00 | -33.00 | -5.00 |
| OPM % | 15.00 | 14.00 | 14.00 | 21.00 | 10.00 | 3.00 | 12.00 | 12.00 | 2.10 | -2.90 | -24.00 | -30.00 |
| Other Income | -49.00 | 24.00 | 18.00 | -97.00 | 21.00 | 21.00 | 1.00 | 11.00 | 11.00 | 7.00 | 4.00 | 0.00 |
| Interest | 169.00 | 141.00 | 114.00 | 90.00 | 68.00 | 82.00 | 65.00 | 46.00 | 37.00 | 27.00 | 0.00 | 0.00 |
| Depreciation | 280.00 | 255.00 | 211.00 | 180.00 | 136.00 | 128.00 | 116.00 | 82.00 | 64.00 | 45.00 | 9.00 | 1.00 |
| Profit before tax | -159.00 | -88.00 | -69.00 | -72.00 | -93.00 | -174.00 | -77.00 | -38.00 | -82.00 | -72.00 | -38.00 | -6.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -159.00 | -88.00 | -69.00 | -72.00 | -93.00 | -174.00 | -77.00 | -38.00 | -82.00 | -72.00 | -38.00 | -6.00 |
| EPS in Rs | -2.73 | -1.50 | -1.39 | -1.45 | -1.89 | -4.54 | -2.76 | -1.44 | -3.10 | -2.71 | -3.23 | -1.42 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 583.00 | 582.00 | 496.00 | 495.00 | 493.00 | 383.00 | 278.00 | 265.00 | 265.00 | 265.00 | 119.00 | 39.00 |
| Reserves | 1,526.00 | 1,678.00 | 1,353.00 | 1,400.00 | 1,458.00 | 290.00 | -2.00 | -15.00 | 22.00 | 103.00 | 55.00 | 41.00 |
| Borrowings | 1,698.00 | 1,558.00 | 1,164.00 | 945.00 | 712.00 | 597.00 | 796.00 | 574.00 | 370.00 | 291.00 | 0.00 | 0.00 |
| Other Liabilities | 467.00 | 467.00 | 370.00 | 250.00 | 224.00 | 157.00 | 126.00 | 97.00 | 73.00 | 40.00 | 32.00 | 13.00 |
| Total Liabilities | 4,274.00 | 4,286.00 | 3,383.00 | 3,090.00 | 2,886.00 | 1,428.00 | 1,198.00 | 920.00 | 730.00 | 698.00 | 205.00 | 93.00 |
| Fixed Assets | 2,445.00 | 2,201.00 | 1,857.00 | 1,541.00 | 1,157.00 | 986.00 | 1,037.00 | 793.00 | 592.00 | 475.00 | 119.00 | 30.00 |
| CWIP | 38.00 | 26.00 | 42.00 | 30.00 | 11.00 | 30.00 | 48.00 | 20.00 | 10.00 | 10.00 | 10.00 | 4.00 |
| Investments | 1,277.00 | 1,279.00 | 1,316.00 | 1,380.00 | 1,511.00 | 124.00 | 19.00 | 38.00 | 87.00 | 177.00 | 45.00 | 41.00 |
| Other Assets | 514.00 | 780.00 | 168.00 | 139.00 | 207.00 | 288.00 | 95.00 | 69.00 | 41.00 | 36.00 | 31.00 | 17.00 |
| Total Assets | 4,274.00 | 4,286.00 | 3,383.00 | 3,090.00 | 2,886.00 | 1,428.00 | 1,198.00 | 920.00 | 730.00 | 698.00 | 205.00 | 93.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 345.00 | 344.00 | 318.00 | 162.00 | 98.00 | 29.00 | 113.00 | -16.00 |
| Cash from Investing Activity | -593.00 | -287.00 | -160.00 | -42.00 | -1,388.00 | -304.00 | -230.00 | -13.00 |
| Cash from Financing Activity | -248.00 | 443.00 | -153.00 | -121.00 | 1,280.00 | 296.00 | 106.00 | 52.00 |
| Net Cash Flow | -496.00 | 501.00 | 6.00 | 0.00 | -10.00 | 21.00 | -12.00 | 24.00 |
| Free Cash Flow | 1.00 | 79.00 | 89.00 | -120.00 | -17.00 | -6.00 | -115.00 | -28.00 |
| CFO/OP % | 102.00 | 118.00 | 134.00 | 57.00 | 115.00 | 195.00 | 109.00 | 317.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6.00 | 5.00 | 4.00 | 3.00 | 4.00 | 4.00 | 1.00 | 3.00 | 2.00 | 2.00 | 2.00 | 3.00 |
| Inventory Days | 12.00 | 13.00 | 13.00 | 14.00 | 15.00 | 21.00 | 11.00 | 11.00 | 13.00 | 16.00 | 16.00 | 40.00 |
| Days Payable | 82.00 | 99.00 | 98.00 | 105.00 | 149.00 | 237.00 | 99.00 | 97.00 | 110.00 | 77.00 | 62.00 | 205.00 |
| Cash Conversion Cycle | -64.00 | -81.00 | -81.00 | -88.00 | -130.00 | -212.00 | -86.00 | -82.00 | -94.00 | -59.00 | -44.00 | -162.00 |
| Working Capital Days | -18.00 | -56.00 | -57.00 | -55.00 | -78.00 | -99.00 | -54.00 | -108.00 | -70.00 | -40.00 | -58.00 | -124.00 |
| ROCE % | 3.00 | 2.00 | 2.00 | 5.00 | -1.00 | -7.00 | -1.00 | 1.00 | -8.00 | -11.00 | -32.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
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Open on BSEAnnual Reports
Credit Ratings
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Rating update31 Mar 2025 from icra
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Rating update15 Apr 2024 from icra
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Rating update26 Jul 2023 from icra
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Rating update4 Aug 2022 from icra
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Rating update28 Jul 2022 from icra
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Rating update25 Nov 2021 from icra