Restaurant Brands Asia earnings calls.

Restaurant Brands Asia delivered a strong Q4 FY26 with India's BK business hitting 6.3% SSGCurrent 6.3% SSG. Reported change: +300bps QoQ.—its highest in 12 quarters—driven by value leadership (2-for-79/999), premium layer expansion (King's Collection, Korean LTO), and accelerating digital penetration at 91% digital ordersCurrent 91% digital orders. Reported change: +91% digital.. The company achieved 70.2% gross marginCurrent reported value: 70.2% gross margin. No comparable prior figure is available in the source record. in Q4 (FY26 full year: 69%), a year ahead of prior guidance, through cluster supply-chain strategy and product mix optimization. Restaurant-level AITA margins reached 11.6%Current 11.6%. Reported change: +660bps vs FY22. (vs. 5% in FY22), with absolute restaurant EBITDA growing 5x to ₹264 croreCurrent reported value: ₹264 crore. No comparable prior figure is available in the source record.. However, Indonesia remains a drag: ₹120 crore impairmentCurrent reported value: ₹120 crore impairment. No comparable prior figure is available in the source record. was taken in Q4 amid BK's ongoing turnaround (positive store-level AITA but Popeyes losing ₹25 billionCurrent reported value: ₹25 billion. No comparable prior figure is available in the source record.) and pending promoter transition. Management targets FCF breakeven in 4-6 quarters with FY28 as full FCF-positive year. Key risks: Indonesia funding needs, LPG supply crisis management, and upcoming Inspa Global acquisition requiring CCI approval. Revenue of ₹2,271 croreCurrent reported value: Revenue of ₹2,271 crore. No comparable prior figure is available in the source record. represents 2.4x growth since FY22 with disciplined cost control underpinning margin expansion.