Burger King India has reported its first-ever quarterly profit, marking a major milestone for Restaurant Brands Asia (RBA), the company operating the fast-food chain in India. For the second quarter of FY27, ended September 30, 2026, the India business recorded a profit after tax of ₹15.6 crore, compared with a loss in the corresponding period last year. Revenue increased 24.1% year over year to ₹705.6 crore, supported by 14% same-store sales growth and an expanding restaurant network.
The company also added 74 net restaurants in India compared with the same period last year, taking its network to 607 outlets across 144 cities. However, the improvement was not uniform across the entire group. Restaurant Brands Asia, which also operates Burger King and Popeyes in Indonesia, reported a consolidated net loss of ₹19.58 crore for the quarter, although its consolidated revenue increased 20.1% to ₹844.8 crore. The results highlight the progress of Burger King India’s turnaround while showing that the wider business still faces profitability challenges.
Key Takeaways
- Burger King India reported its first-ever quarterly profit of ₹15.6 crore in Q2 FY27.
- India revenue increased 24.1% year over year to ₹705.6 crore.
- Same-store sales growth reached 14%, marking the second consecutive quarter of double-digit growth.
- The India business added 74 net restaurants year over year, reaching 607 outlets.
- Restaurant EBITDA increased 53.7% to ₹91 crore.
- India company-level EBITDA rose 94.1% to ₹55.1 crore.
- Restaurant Brands Asia’s consolidated revenue increased 20.1% to ₹844.8 crore.
- The consolidated business continued to report a net loss of ₹19.58 crore.
Burger King India Reports Its First-Ever Quarterly Profit
The biggest development in Restaurant Brands Asia’s Q2 FY27 results was the India business turning profitable for the first time on a quarterly basis.
Burger King India reported a standalone profit after tax of ₹15.585 crore for the quarter ended September 30, 2026. This represents a significant improvement from its loss-making position in the corresponding period last year.
The turnaround was supported by stronger restaurant sales, improved operating margins and continued network expansion.
The company’s India revenue increased from approximately ₹568.7 crore in Q2 FY26 to ₹705.6 crore in Q2 FY27, representing growth of 24.1%.
The improvement suggests that Burger King India’s focus on increasing customer visits, strengthening its value offerings and improving restaurant-level efficiency is beginning to translate into better financial performance.
Burger King India Q2 FY27 financial performance
| Financial metric | Q2 FY27 | Year-over-year change |
|---|---|---|
| Revenue from operations | ₹705.6 crore | +24.1% |
| Profit after tax | ₹15.6 crore | First-ever quarterly profit |
| Restaurant EBITDA | ₹91 crore | +53.7% |
| Restaurant EBITDA margin | 12.9% | Up from 10.4% |
| Company EBITDA | ₹55.1 crore | +94.1% |
| Company EBITDA margin | 7.8% | Up from 5.0% |
| Same-store sales growth | 14.0% | Double-digit growth |
EBITDA figures are reported before the impact of Ind AS 116.
Burger King India Adds 74 Restaurants in One Year
Store expansion remains an important part of Burger King India’s growth strategy.
The company had 607 restaurants across 144 cities at the end of Q2 FY27, representing a net addition of 74 outlets compared with the year-ago period.
During the quarter itself, Burger King India added 17 restaurants since June 30, 2026.
| Store network metric | Q2 FY27 |
|---|---|
| Total Burger King India restaurants | 607 |
| Cities covered | 144 |
| Net store additions year over year | 74 |
| Store additions during the quarter | 17 |
| Average daily sales | ₹1.31 lakh |
The expansion indicates that the company is continuing to build its presence across Indian markets.
However, opening more restaurants does not automatically guarantee higher profitability. New outlets require investment in property, equipment, staffing and marketing. Their financial contribution depends on customer demand, sales productivity and the time required to reach mature operating levels.
Burger King India’s ability to combine expansion with stronger same-store sales will therefore remain important.
Same-Store Sales Growth Reaches 14%
Another encouraging indicator was Burger King India’s 14% same-store sales growth (SSSG) in Q2 FY27.
SSSG measures sales growth at restaurants that have been operational for a comparable period. It helps investors understand whether existing outlets are generating more revenue, rather than attributing all growth to newly opened locations.
The company recorded double-digit same-store sales growth for the second consecutive quarter.
Its quarterly SSSG trend was:
| Quarter | Same-store sales growth |
|---|---|
| Q2 FY26 | 2.8% |
| Q3 FY26 | 4.5% |
| Q4 FY26 | 6.3% |
| Q1 FY27 | 12.6% |
| Q2 FY27 | 14.0% |
The improvement suggests that customer demand at existing restaurants has strengthened.
Value-focused offerings, product innovation, digital engagement and marketing initiatives are among the factors the company has identified as part of its growth strategy.
Restaurant EBITDA Margin Improves to 12.9%
Burger King India’s profitability improvement was also visible at the restaurant level.
Restaurant EBITDA increased 53.7% year over year to ₹91 crore. The restaurant EBITDA margin improved to 12.9%, compared with 10.4% in Q2 FY26.
The margin improvement indicates that restaurants generated more operating earnings relative to their revenue.
Company-level EBITDA, which also accounts for corporate and other operating costs, increased 94.1% to ₹55.1 crore. Its margin improved from 5% to 7.8%.
| EBITDA metric | Q2 FY26 | Q2 FY27 |
|---|---|---|
| Restaurant EBITDA | ₹59.2 crore | ₹91 crore |
| Restaurant EBITDA margin | 10.4% | 12.9% |
| Company EBITDA | ₹28.4 crore | ₹55.1 crore |
| Company EBITDA margin | 5.0% | 7.8% |
Q2 FY26 EBITDA amounts are approximate, calculated from the reported growth rates and rounded margins.
The difference between restaurant EBITDA and company EBITDA is important. Restaurant-level earnings measure the performance of individual outlets, while company-level EBITDA also reflects expenses outside restaurant operations.
The improvement in both measures suggests that the business is making progress beyond simply increasing store-level sales.
Restaurant Brands Asia Still Reports a Consolidated Loss
Although Burger King India achieved its first quarterly profit, its parent company Restaurant Brands Asia remained loss-making on a consolidated basis.
The company reported a consolidated net loss of ₹19.58 crore in Q2 FY27, compared with a loss of ₹58.6 crore in Q2 FY26.
Consolidated revenue increased 20.1% year over year to ₹844.8 crore.
Consolidated EBITDA before Ind AS 116 increased sharply to ₹43.2 crore from ₹11.3 crore a year earlier.
| Consolidated financial metric | Q2 FY27 | Q2 FY26 |
|---|---|---|
| Revenue from operations | ₹844.8 crore | ₹703.4 crore |
| Company EBITDA | ₹43.2 crore | ₹11.3 crore |
| Net loss | ₹19.58 crore | ₹58.6 crore |
| Restaurant network | 766* | 694 |
The company press release reported a consolidated network of 766 restaurants. Figures in separate business-level disclosures may differ because of reporting and classification details.
The narrower consolidated loss indicates an improvement in the group’s overall financial performance. However, the gap between India’s standalone profit and the group’s consolidated loss shows that the international operations and other group-level costs continue to affect the final result.
Burger King Indonesia and Popeyes Remain Important to the Group
Restaurant Brands Asia also operates Burger King and Popeyes in Indonesia.
The Indonesia business generated revenue of approximately ₹139.3 crore during Q2 FY27, increasing 3.3% year over year.
Its restaurant network included 137 Burger King outlets and 25 Popeyes restaurants.
The company’s investor presentation indicated that Indonesia’s restaurant-level EBITDA had improved, reaching ₹8 million, or ₹0.8 crore, compared with a negative figure in the year-ago quarter.
However, the Indonesia business continued to report negative company-level EBITDA of approximately ₹11.9 crore.
This means the international business has made some progress at the restaurant level but has not yet achieved company-level profitability.
Management said Burger King Indonesia was showing signs of recovery, supported by strategic initiatives and value-focused promotions.
What Is Driving Burger King India’s Turnaround?
Burger King India’s improvement reflects several operating priorities.
1. Value-focused products: The company is using value offerings to attract customers who are sensitive to food prices and competing fast-food alternatives.
2. Stronger existing-store sales: Double-digit same-store sales growth suggests that the improvement is not solely dependent on new restaurant openings.
3. Restaurant-level efficiency: Higher restaurant EBITDA and improved margins indicate better operating performance.
4. Network expansion: Adding 74 restaurants year over year has increased the brand’s geographical reach and customer access.
5. Digital engagement: The company is investing in customer engagement and digital initiatives to encourage repeat visits and improve ordering experiences.
Restaurant Brands Asia has said its priorities remain focused on sales growth, cost efficiencies and expanding its restaurant footprint.
The company also announced that Sumit Zaveri will lead the Burger King India business, reporting to Group CEO Rajeev Varman.
The Bigger Picture
Burger King India’s first-ever quarterly profit is an important milestone for the Indian quick-service restaurant industry. It demonstrates that the company is beginning to translate stronger sales, improved restaurant economics and network expansion into bottom-line profitability. Its 14% same-store sales growth is particularly significant because it indicates stronger performance at existing outlets rather than relying exclusively on new stores.
However, the wider Restaurant Brands Asia business has not yet reached consolidated profitability. Indonesia continues to weigh on group earnings, and the company must demonstrate that its improving margins can be sustained as it expands. The next challenge is to maintain sales momentum while controlling costs and ensuring that new restaurants generate adequate returns.
Looking Ahead
Burger King India’s next phase of growth will depend on whether it can maintain double-digit same-store sales growth and improve margins without allowing expansion costs to erode profitability. The company’s focus on value offerings, digital engagement and restaurant efficiency will be important as competition in India’s quick-service restaurant market intensifies.
Investors will also monitor the recovery of the Indonesia business and its contribution to consolidated earnings. The first quarterly profit in India marks a significant change in the business’s financial trajectory, but sustained profitability across Restaurant Brands Asia will be the more important long-term measure of its turnaround.
Frequently Asked Questions
1. Did Burger King India report its first-ever quarterly profit?
Yes. Burger King India reported a standalone profit after tax of approximately ₹15.6 crore in Q2 FY27, marking its first-ever positive quarterly profit.
2. How many restaurants does Burger King India have?
Burger King India had 607 restaurants across 144 cities at the end of Q2 FY27.
3. How many new stores did Burger King India add?
The company added 74 net restaurants year over year. It added 17 restaurants during the quarter since June 30, 2026.
4. What was Burger King India’s revenue in Q2 FY27?
Its revenue from operations increased 24.1% year over year to ₹705.6 crore.
5. What was Burger King India’s same-store sales growth?
Burger King India recorded same-store sales growth of 14% in Q2 FY27, marking its second consecutive quarter of double-digit growth.
6. Did Restaurant Brands Asia also report a profit?
No. While the standalone India business became profitable, Restaurant Brands Asia reported a consolidated net loss of approximately ₹19.58 crore in Q2 FY27.
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