RBA

What Restaurant Brands Asia promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 6 delivered 2 missed 7 open
  • India Gross Profit Margin (%) delivered said Q4 FY25 Promised: targeting ~70% by FY '29 Q1 FY27: India gross margin was 70.8%, remaining above the achieved target. A new, higher target of 72% has been set.
  • Indonesia Business Profitability missed said Q3 FY25 Promised: positive cash flow / breakeven very quickly Q1 FY27: Promise remains missed. While BK Indonesia is profitable at the restaurant level (₹6.4 cr EBITDA), Popeyes continues to post losses (₹3 cr loss), and the consolidated business is not at breakeven.
  • Total Restaurants (India) on track said Q4 FY25 Promised: about 800 restaurants by FY '29 Q1 FY27: Added 9 stores in India (from 581 to 590). Management reiterated the goal of adding 'around 80 restaurants on an annual basis', keeping the long-term target on track.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 15 tracked commitments for Restaurant Brands Asia — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens