Burger King India narrows losses as sales jump and margins improve

QSR chain Burger King parent Restaurant Brands Asia reported a narrower loss for the December quarter, supported by double-digit revenue growth and a sharp improvement in operating profitability.

The Burger King India operator posted a net loss of ₹43.5 crore in Q3FY26, compared with a loss of ₹50.3 crore a year ago, translating into a 13.5% year-on-year reduction in losses.

Revenue from operations grew 11.8% YoY to ₹714.6 crore, up from ₹639 crore in the corresponding quarter last year.

At the operating

level, EBITDA rose 28.1% YoY to ₹89.4 crore, compared with ₹69.8 crore in Q3FY25. This led to a margin expansion to 12.5% from 10.9% a year earlier, indicating better operating leverage.

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Total expenses in Q3FY26 came in at ₹770.7 crore, exceeding revenue and keeping the company in the red. Raw material costs stood at ₹234.6 crore, while employee benefit expenses were ₹122.9 crore. Finance costs amounted to ₹47.1 crore, depreciation and amortisation expenses were ₹98.4 crore, and other expenses came in at ₹267.6 crore.

For the nine months ended December FY26, Restaurant Brands Asia posted revenue from operations of ₹2,115.8 crore, while the net loss stood at ₹156.7 crore. Total expenses during the period were ₹2,310.8 crore, indicating continued cost pressures despite improving operating performance at the quarterly level.

Shares of  RBA ended today's trading session 0.9% higher at ₹63.42 on the NSE, broadly in line with the benchmark Nifty 50, closing the day 2.6% higher at 25,727.55 amid optimism after the announcement of a reciprocal tariff cut by the US to 18% from 50%