Restaurant Brands Asia (RBA IN) – Q4FY26 Result Update – India steady, Indonesia weighs on performance – Accumulate
Published on 15 May 2026
RBA delivered a healthy all-round performance with SSSG at 6.3%, driven by sustained focus on value proposition and healthy in-store traffic growth. ADS stood at Rs111k, while sales/store grew 3.4%, indicating gradual improvement in store economics. Adj. PAT loss declined to just Rs3mn, supported by higher other income of Rs210mn (vs Rs70mn in Q4FY25), although corporate overheads remained elevated. Indonesia business continued to remain a drag with EBITDA loss rising to Rs139mn vs Rs120mn in Q4FY25. While Burger King brand is witnessing gradual recovery, Popeyes continues to face muted traction amid intense competition from regional players
