Restaurant Brands Asia posts standalone revenue from operations at Rs 5,773 M

Registers standalone earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter at Rs 953 M

Restaurant Brands Asia (RBA), earlier known as Burger King India, reported Revenue from Operations (Standalone) at Rs 5,773 million, an increase of 16.5 per cent over the same period last year, driven by a same-store sales growth of 4.5 per cent. The company witnessed a healthy increase in Gross Margins on the back of on-going supply chain and distribution efficiencies. Gross Margins were at 69.9 per cent, rising by more than 210 bps over the same quarter in the preceding year. Standalone Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter was at Rs 953 million, growing by 20.9 per cent year-onyear. The company opened 44 restaurants during the quarter, deepening its presence to 141 cities across the country.

Rajeev Varman, Whole-time Director and Group Chief Executive Officer, RBA commented, “Our same-store sales growth for Burger King India of 4.5 per cent this quarter marks 10 quarters of positive sales growth over the last three years. As consumers become more discerning, we will continue to earn their trust by delivering consistent everyday value, menu innovation and operations excellence across our restaurants. Going forward, we remain laser focussed on leveraging our competitive advantages, increasing profitability and expanding our store footprint to drive long-term, sustainable growth for all our stakeholders.”