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  2. •

    Consumer Cyclical

  3. •

    Restaurants
Restaurant Brands Asia Limited

Restaurant Brands Asia Limited

RBA.NS
Restaurant Brands Asia LimitedIN flagNational Stock Exchange of India
74.58
INR
-1.14
- -
43.47BMarket Cap
Restaurant Brands Asia Limited
RBA.NS
(National Stock Exchange of India)

Recent

price

74.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
9.88
16.53
21.96
26.17
37.44
41.5
48.71
51.08
48.13
50.11
Revenue per Share
-2.15
-1
-2.01
-6.42
-4.94
-4.48
-4.4
-4.33
-3.19
-4.02
Basic EPS, GAAP
-1.47
-2.07
-3.01
-0.52
-1.73
-4.62
1.29
1.47
-1.19
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.01
- -
-1.7
-3.48
-12.01
-14.37
-18.69
-21.15
9.94
- -
Book Value per Share
7.29
6.13
6.57
1.88
25.72
15.67
10.46
15.41
10.1
- -
Tangible Book Value per Share
382
382
382
383
397
494
495
499
586
519
Basic Weighted Avg Shares
3,773
6,309
8,383
10,021
14,861
20,489
24,122
25,507
28,226
26,018
Sales/Revenue/Turnover
-14.66
0.54
-1.38
-19.9
-8.96
-8.24
-3.98
-4.04
-2.17
-3.63
Operating Margin (%)
640
822
1,164
2,289
2,336
2,840
3,561
3,715
3,894
3,732
Depreciation Expense
-822
-383
-766
-2,458
-1,959
-2,212
-2,179
-2,162
-1,871
-2,088
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-21.8
-6.07
-9.13
-24.53
-13.18
-10.8
-9.04
-8.48
-6.63
-8.02
Profit Margin (%)
222
-1,325
-775
-5,667
2,443
-1,997
-4,268
-897
-3,855
- -
Working Capital
3,523
4,508
7,453
7,701
7,681
10,030
13,208
16,218
17,425
- -
LT Debt
2,871
2,496
2,754
1,101
10,682
8,462
6,288
8,942
6,886
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-197.89
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
2,101
- -
LT Borrowings
- -
1,815
- -
LT Finance Leases
- -
14,403
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
582
- -
Market Capitalization
42,293
30,117
42,859

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
6,893
- -
Cash, Cash Equivalents & STI
- -
5,598
- -
Accounts Receivable, Net
- -
336
- -
Inventories
- -
436
- -
Total Current Liabilities
- -
7,791
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,101
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
168.65%
-22.99%
Free Cash Flow
- -
34.34%
-194.71%
Net Income, GAAP
- -
-4.63%
-13.47%
Sales/Revenue/Turnover
- -
24.06%
10.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,108
6,249
6,042
5,722
24,122
2025
6,467
6,324
6,391
6,325
25,507
2026
6,977
7,147
7,068
- -
28,226

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.02
-0.93
-0.73
- -
-4.4
2025
-0.99
-1.21
-1.01
-1.13
-4.33
2026
-0.72
-0.75
-0.73
- -
-3.19

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Restaurant Brands Asia Limited operates quick service restaurant chains under Burger King and Popeyes brands; it develops, establishes, owns, operates, and franchises Burger King restaurants across India and both Burger King and Popeyes restaurants in Indonesia. Core products and services encompass flame-grilled burgers including Veg Whopper, Crispy Veg Burger, Crispy Chicken Burger, Cheese Meltdown, Fiery Chicken Burger, and Paneer Overload Burger; chicken offerings such as Chicken Fries and Veggie Strips; sides like Fries, Hashbrown, and Veg Crunchy Volcano; rice items including Veg Peri Peri Rice; and desserts like Chocolate Mousse Cup, alongside breakfast menus, cravers, beverages, and value combos. The company, founded in 2013 and headquartered in Mumbai, India, serves urban consumers in over 50 cities across India and major Indonesian markets through approximately 681 restaurants, with subsidiaries PT Sari Burger Indonesia and PT Sari Chicken Indonesia holding master franchise rights. Formerly Burger King India Limited, it rebranded to Restaurant Brands Asia Limited in February 2022 and strengthened control by acquiring a majority stake in Burger King Indonesia, elevating it to 87.75% ownership. Recent developments include the appointment of Arijit Datta as chief financial officer in 2025, issuance of 150,000 new equity shares under an employee stock option scheme to enhance ownership alignment, ongoing store additions and new menu value offerings in India amid narrowing quarterly losses, and store optimization in Indonesia without near-term expansion plans for either brand.