SYNOPSIS: Restaurant Brands Asia is in focus as Everstone revives its exit plan, with multiple bidders in advanced talks offering premium valuations, potentially triggering an open offer and altering the company’s ownership structure.
Shares of an international QSR chain in India and the national master franchisee of the Burger King brand are in focus on the stock exchanges, after reports indicated that multiple bidders have emerged as promoter Everstone revives its exit plans.
With a market cap of Rs. 3,586.4 crores, shares of Restaurant Brands Asia Limited closed in the red at Rs. 61.59 on BSE, down by around 0.3 percent, compared to its previous closing price of Rs. 61.77.
The stock has delivered negative returns of over 24 percent in one year, and has fallen by nearly 13 percent in the last one month.
What’s the News:
Shares of Restaurant Brands Asia Limited are in focus on the stock exchanges following reports that emerged that Everstone Capital has revived its plan to exit the company, with discussions gaining momentum and several interested parties now in the fray. Based on the September 2025 shareholding data, Everstone holds 11.27 percent in RBA through its entity QSR Asia Pte. Limited, and is reportedly engaged in advanced negotiations with both financial and strategic bidders.
According to people familiar with the development, the interested buyers include the family office of a listed company with an existing presence in the QSR segment, as well as multiple private-equity funds evaluating the opportunity. Further, it was also highlighted that the negotiations have already progressed to an advanced stage, and the bids received so far are said to be at a premium to the current market price.
If the deal proceeds, a change in controlling promoter stake could trigger an open offer, in line with SEBI’s takeover regulations, potentially reshaping the company’s ownership structure.
Financials and more:
Restaurant Brands Asia reported a marginal growth in its revenue from operations, showing a year-on-year increase of more than 11 percent from Rs. 632 crores in Q2 FY25 to Rs. 703 crores in Q2 FY26.
During the same period, the company reduced its net loss marginally by around 3 percent YoY from a net loss of Rs. 65 crores to Rs. 63 crores in Q2 FY26.
Restaurant Brands Asia Limited (RBA) is the national master franchisee of the Burger King brand in India. It has exclusive rights to develop, establish, operate, and franchise Burger King branded restaurants across India. RBA’s subsidiaries are exclusive national master franchisees of the brands Burger King and Popeyes in Indonesia.
The company has outlined its growth roadmap for its India operations, highlighting both its current performance and future expansion targets. As of Q2 FY26, the company operates 533 restaurants across the country. Looking ahead, it plans to add 60 to 80 new restaurants each year, with a strategic goal of reaching approximately 800 outlets by FY29.
On the profitability front, the company reported a gross profit margin of 68.3 percent in Q2 FY26. It aims to further strengthen its margins, targeting around 70 percent gross profit by FY29, supported by operational efficiencies, scale benefits, and improved menu and cost optimisation strategies.
Written by Shivani Singh
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