Quick Service Restaurant · RBA
Quick Service Restaurant - QSR
from 71 today
Restaurant Brands Asia delivered a strong Q1FY27 with 23.6% YoY India revenue growth and 12.6% SSSG, driven by value-led traffic, menu innovation, and digital initiatives. Better restaurant economics and operating leverage resulted in a ~43% YoY increase in EBITDA, leading us to upgrade the stock to BUY.
Restaurant Brands Asia delivered a strong 1QFY27 with revenue beating expectations and India business SSSG growth of 12.6%, driven by healthy traffic growth, strong execution across value offerings, and menu innovation. We maintain our BUY recommendation with a revised target price of INR 117.
RBA delivered a healthy all-round performance with SSSG of 12.6%, driven by a strong value proposition and healthy in-store traffic. Near-term outlook remains healthy, and operating leverage, tighter cost control and higher other income should enable RBA to turn PAT positive in India business in FY27.
Restaurant Brands Asia reported robust India performance with 24% YoY revenue growth and industry-leading SSSG of 13%, driven by value offerings and strong demand for new launches. Management remains focused on improving store-level economics and reducing losses in Indonesia, prompting us to reiterate our BUY rating.
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