Restaurant Brands Asia Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Restaurant Brands Asia Limited added 58 stores in FY25, totaling 513, with revenue up 11.8% YoY to Rs. 1,968 Cr. Same-store sales grew 1.1% for the year and 5.1% in Q4. Restaurant-level EBITDA rose 21.2% to Rs. 207 Cr; company-level EBITDA increased 32% to Rs. 99.4 Cr. Growth was driven by value campaigns, café expansions (now in 90% stores), new menu innovation, and digital orders tripling YoY.

In Indonesia, Burger King closed 8 stores, ending at 143, but posted 2% SSSG with 10% dine-in ADS growth. Corporate overheads dropped from Rs. 65 Cr to Rs. 40 Cr. Inflation/currency impacts pressured margins, partly offset by pricing and marketing.

Management prioritizes profitable traffic, delivery margin optimization, café and digital growth, and innovation. India store addition guidance is 60-80/year, aiming for ~800 stores by FY29. Gross margin expected to improve 0.5%-0.7% annually. Indonesia’s recovery is monitored closely with strategic options under review. Sentiment is cautiously optimistic given margin improvement and focus on growth amid challenges.