Burger King Operator Trims Losses in Q4 as Store Count Grows to 513

Restaurant Brands Asia Ltd, the master franchisee for Burger King and Popeyes in India, reported a narrowing of its consolidated net loss to ₹60.4 crore for the fourth quarter ended March 31, 2025, as increased store openings and value-driven offerings helped boost performance.

The Q4 loss marks a notable improvement over the ₹92 crore net loss posted during the same period last year. The company’s revenue from operations rose 5.9% year-on-year to ₹632.5 crore, up from ₹597.1 crore in Q4 FY24.

Operating performance also showed modest gains. Earnings before interest, tax, depreciation, and amortization (EBITDA) came in at ₹73.2 crore, a 6.1% increase over ₹69 crore a year ago. However, the EBITDA margin remained steady at 11.6%.

Burger King India, the company’s flagship quick-service restaurant (QSR) brand, ended the quarter with 513 outlets — a net addition of 58 restaurants over the past year. Restaurant Brands Asia also expanded its BK Café format aggressively, adding 113 new locations during the quarter and bringing the total café count to 464.

Same-store sales growth for Burger King stood at 5.1%, driven by a continued focus on value meals and promotions aimed at increasing dine-in footfall.

“I am proud of the efforts of our teams who helped drive growth in sales and another quarter of improved profitability,” said Rajeev Varman, Whole-time Director and Group CEO of Restaurant Brands Asia. “We’ve introduced attractive value offerings that supported our performance, especially in dine-in traffic. Looking ahead, we aim to expand our footprint further and grow our Burger King presence in India to around 800 restaurants by FY29.”