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Restaurant Brands Asia Limited
NSE: RBA · Consumer Services
₹88.62-5.99%06 Nov 2026
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Instant answers about Restaurant Brands Asia Limited — computed from its filings, no language modelMarket cap₹6,312 cr
Current price₹88.62
High / Low₹106 / ₹57
P/E—
P/B3.72
Book value₹23.8
ROE-7.9%
ROCE2.3%
Debt / equity0.15
Dividend yield—
EPS (TTM)₹-1.89
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | 1,490 | 2,054 | 2,437 | 2,551 | 2,823 |
| EBITDA | 97 | 111 | 242 | 268 | 328 |
| Operating margin | 6.5% | 5.4% | 9.9% | 10.5% | 11.6% |
| Interest | 95 | 105 | 141 | 161 | 189 |
| Depreciation | 234 | 284 | 356 | 371 | 389 |
| Profit before tax | -235 | -242 | -237 | -233 | -204 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Net profit | -196 | -221 | -218 | -216 | -187 |
| EPS ₹ | -4.94 | -4.48 | -4.40 | -4.33 | -3.19 |
| Operating cash flow | 69 | 124 | 346 | 350 | 303 |
| Capex | 138 | 331 | 282 | 277 | 372 |
| Dividend paid | 0 | 0 | 0 | 0 | 0 |
| Total assets | — | 2,493 | 2,709 | 3,463 | 3,382 |
| Equity | — | 825 | 627 | 909 | 721 |
Quarterly performance
last 19 quarters · ₹ crore| MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 400 | 489 | 525 | 526 | 514 | 611 | 625 | 604 | 597 | 647 | 632 | 639 | 633 | 698 | 703 | 715 | 707 | 823 | 845 |
| Operating profit | 20 | 29 | 25 | 30 | 27 | 48 | 56 | 68 | 69 | 63 | 63 | 70 | 73 | 73 | 71 | 90 | 95 | 100 | 110 |
| Operating margin | 5.1% | 6.0% | 4.8% | 5.6% | 5.3% | 7.9% | 9.0% | 11.3% | 11.6% | 9.8% | 10.0% | 10.9% | 11.6% | 10.4% | 10.1% | 12.5% | 13.4% | 12.2% | 13.0% |
| Other income | 10 | 13 | 11 | 8 | 4 | 7 | 3 | 4 | 5 | 14 | 0 | 9 | 8 | 22 | 8 | 10 | 8 | 20 | 22 |
| Interest | 27 | 23 | 24 | 26 | 32 | 31 | 32 | 32 | 47 | 37 | 38 | 40 | 46 | 47 | 46 | 47 | 50 | 49 | 50 |
| Depreciation | 59 | 70 | 67 | 68 | 80 | 79 | 79 | 80 | 119 | 92 | 91 | 93 | 96 | 93 | 97 | 98 | 101 | 104 | 106 |
| Profit before tax | -82 | -51 | -55 | -56 | -80 | -54 | -51 | -40 | -92 | -52 | -65 | -55 | -60 | -45 | -63 | -48 | -47 | -33 | -24 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -67 | -48 | -50 | -50 | -73 | -50 | -46 | -36 | -85 | -49 | -60 | -50 | -56 | -42 | -59 | -44 | -43 | -28 | -20 |
| EPS ₹ | -1.53 | -0.96 | -1.01 | -1.02 | -1.48 | -1.02 | -0.93 | -0.73 | -1.72 | -0.99 | -1.21 | -1.01 | -1.13 | -0.72 | -1.01 | -0.75 | -0.73 | -0.45 | -0.29 |
| Revenue YoY | — | — | — | — | 28.6% | 24.8% | 19.1% | 14.8% | 16.2% | 5.9% | 1.2% | 5.8% | 5.9% | 7.9% | 11.2% | 11.8% | 11.7% | 17.9% | 20.1% |
Earlier results (standalone, Dec '20 – Dec '21)
₹ crore · from BSE, before the NSE XBRL filings beginRestaurant Brands Asia Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Quarters
| DEC '20† | MAR '21† | JUN '21† | SEP '21† | DEC '21† | |
|---|---|---|---|---|---|
| Revenue | 163 | 196 | 150 | 245 | 280 |
| Operating profit | 15 | 24 | 2 | 26 | 33 |
| Operating margin | 9.3% | 12.5% | 1.0% | 10.4% | 11.7% |
| Other income | 13 | 3 | 4 | 4 | 3 |
| Interest | 23 | 16 | 17 | 17 | 17 |
| Depreciation | 34 | 32 | 33 | 33 | 34 |
| Profit before tax | -29 | -26 | -44 | -20 | -15 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Net profit | -29 | -26 | -44 | -20 | -15 |
| EPS ₹ | -0.98 | -0.68 | -1.16 | -0.53 | -0.39 |
| Revenue YoY | — | — | — | — | 71.5% |
Returns & margins
trailing-twelve-month, per quarter| DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.7% | -26.8% | -27.2% | -30.0% | -28.0% | -34.8% | -34.6% | -43.4% | -46.1% | -23.8% | -23.0% | -25.8% | -24.9% | -25.9% | -24.1% | -7.9% |
| ROCE | -13.1% | -13.8% | -13.3% | -13.9% | -11.4% | -12.0% | -10.9% | -12.5% | -13.4% | -6.0% | -4.6% | -4.5% | -3.1% | -1.5% | 0.0% | 2.3% |
| Net margin | -11.1% | -10.8% | -10.3% | -9.7% | -8.8% | -8.9% | -8.8% | -9.3% | -9.7% | -8.5% | -8.0% | -7.8% | -7.3% | -6.6% | -5.9% | -4.4% |
| EBITDA margin | 5.4% | 5.4% | 6.0% | 7.1% | 8.5% | 9.9% | 10.4% | 10.6% | 10.5% | 10.6% | 10.7% | 10.7% | 11.1% | 11.6% | 12.1% | 12.8% |
| Debt / equity | 0.15 | 0.20 | 0.20 | 0.18 | 0.18 | 0.27 | 0.27 | 0.43 | 0.43 | 0.33 | 0.33 | 0.27 | 0.27 | 0.37 | 0.37 | 0.15 |
| Interest coverage | -1.43 | -1.30 | -1.17 | -1.00 | -0.78 | -0.68 | -0.59 | -0.62 | -0.63 | -0.45 | -0.33 | -0.26 | -0.17 | -0.08 | 0.00 | 0.23 |
| Asset turnover | 0.83 | 0.82 | 0.87 | 0.93 | 0.96 | 0.90 | 0.91 | 0.91 | 0.93 | 0.74 | 0.75 | 0.80 | 0.83 | 0.83 | 0.87 | 0.71 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Share capital | 493 | 495 | 495 | 496 | 498 | 582 | 582 | 583 | 712 |
| Other equity / reserves | 455 | 331 | 240 | 130 | 34 | 326 | 221 | 138 | 983 |
| Total equity | 948 | 825 | 735 | 627 | 532 | 909 | 804 | 721 | 1,695 |
| Borrowings | 142 | 165 | 131 | 170 | 231 | 296 | 213 | 270 | 246 |
| Current liabilities | 502 | 591 | 614 | 648 | 652 | 779 | 712 | 766 | 749 |
| Non-current liabilities | 862 | 1,056 | 1,090 | 1,431 | 1,538 | 1,789 | 1,837 | 1,928 | 1,928 |
| Total assets | 2,332 | 2,493 | 2,451 | 2,709 | 2,717 | 3,463 | 3,330 | 3,382 | 4,331 |
| Property, plant & equipment | 1,567 | 1,883 | 1,929 | 2,228 | 2,206 | 2,479 | 2,515 | 2,705 | 2,716 |
| Capital work-in-progress | 40 | 32 | 59 | 31 | 47 | 34 | 57 | 41 | 83 |
| Investments | 360 | 147 | 118 | 83 | 62 | 24 | 281 | 138 | 1,062 |
| Inventories | 28 | 32 | 31 | 35 | 38 | 44 | 43 | 39 | 42 |
| Receivables | 14 | 17 | 23 | 25 | 29 | 34 | 41 | 46 | 49 |
| Cash & equivalents | 100 | 155 | 59 | 31 | 44 | 534 | 13 | 31 | 22 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 69 | 124 | 346 | 350 | 303 |
| Cash from investing | -1,078 | 13 | -212 | -212 | -494 |
| Cash from financing | 1,112 | -170 | -251 | 385 | -321 |
| Capex | 138 | 331 | 282 | 277 | 372 |
| Free cash flow | -69 | -207 | 64 | 73 | -70 |
| Dividends paid | 0 | 0 | 0 | 0 | 0 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹2,716 cr63%
CWIP₹83 cr2%
Investments₹1,062 cr25%
Inventories₹42 cr1%
Receivables₹49 cr1%
Cash & equivalents₹22 cr1%
Other assets₹357 cr8%
Peer comparison
largest in Consumer Services · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Eternal Ltd. | 3,34,461 | 363.15 | 678.4 | 10.69 | 1.6% |
| Avenue Supermarts Ltd. | 2,23,396 | 3,425.00 | 71.7 | 8.56 | 11.9% |
| Trent Ltd. | 1,64,172 | 3,079.00 | 86.6 | 21.13 | 24.4% |
| Indian Hotels Co. Ltd. | 1,26,398 | 888.00 | 57.2 | 9.27 | 16.2% |
| Lenskart Solutions Ltd. | 1,26,056 | 724.75 | 161.6 | 13.52 | 8.4% |
| Meesho Ltd. | 1,08,067 | 233.48 | — | 25.69 | -21.9% |
| FSN E-Commerce Ventures Ltd. | 1,01,110 | 353.00 | 313.5 | 61.10 | 19.5% |
| Info Edge (India) Ltd. | 77,285 | 1,191.90 | 43.8 | 1.67 | 3.8% |
| Swiggy Ltd. | 50,087 | 191.17 | — | 2.95 | -21.1% |
| Vishal Mega Mart Ltd. | 44,037 | 94.00 | 77.0 | 5.58 | 7.2% |
| Restaurant Brands Asia Limited | 6,312 | 88.62 | — | 3.72 | -7.9% |
StoxGud checklist: Neutral setup · 6/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-7.8%
6 months+31.0%
1 year+24.7%
3Y CAGR-8.7%
5Y CAGR—
10Y CAGR—
50-day avg₹93.81
200-day avg₹75.72
RSI (14)45
FAQs
What is the share price of Restaurant Brands Asia Limited?
Restaurant Brands Asia Limited (RBA) closed at ₹88.62 on NSE on 06 Nov 2026.
What is the market cap of Restaurant Brands Asia Limited?
₹6,312 crore at the latest close.
How fast is Restaurant Brands Asia Limited growing?
Restaurant Brands Asia Limited: revenue has compounded at 11.2% a year over three years. Latest-quarter revenue is up 20.1% year on year.
How profitable is Restaurant Brands Asia Limited?
On a trailing-twelve-month basis return on equity is -7.9%, return on capital employed 2.3%, operating margin 12.8%, net margin -4.4%.
How much debt does Restaurant Brands Asia Limited have?
Restaurant Brands Asia Limited is lightly geared: debt to equity is 0.15 with borrowings of ₹246 cr against cash of ₹22 cr (balance sheet of 2026-09-30). Operating profit covers interest 0.2 times.
Financials parsed from Restaurant Brands Asia Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '22, annual from FY22, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
Restaurant Brands Asia Limited · advanced chart