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Restaurant Brands Asia | Running Burger King in India and Indonesia

2026.09.19

Article summary

Restaurant Brands Asia is a listed company holding the exclusive rights to operate Burger King in India, and through its Indonesian subsidiary it runs Burger King and Popeyes. It started operations in 2014, and as of the end of March 2026 it had 743 outlets: 581 in India and 162 in Indonesia (137 Burger King, 25 Popeyes). Consolidated revenue for FY2026 (fiscal year ended March 2026) was ₹2,823 crore (1 crore = 10 million rupees), against ₹2,551 crore the year before, of which the India business was ₹2,271.7 crore, up 15.4% year on year. In India it uses no beef and builds its meat menu around chicken and mutton, while in Indonesia it operates halal. The same company runs both a market that avoids beef and a market that avoids pork.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Restaurant Brands Asia is the company with exclusive rights to operate Burger King in India. Its Indonesian subsidiary runs Popeyes as well as Burger King, making it one of the few companies handling India and ASEAN within the same organization.

Company profile

Item	Details
Legal name	Restaurant Brands Asia Limited
Start of operations	2014
Headquarters	Mumbai (Maharashtra)
Consolidated revenue	₹2,823 crore (FY2026 = fiscal year ended March 2026 / approx. 49.1 billion yen). FY2025 was ₹2,551 crore
Revenue of the India business	₹2,271.7 crore (FY2026 / up 15.4% year on year)
Number of stores	743 outlets (end of March 2026. 581 in India, 162 in Indonesia = 137 Burger King, 25 Popeyes)
Brands operated	Burger King (India and Indonesia), Popeyes (Indonesia)
Listing	Listed on the BSE and NSE

The meat lineup changes from market to market

It began operating Burger King in India in 2014 and has added outlets through sub-franchising as well as company-owned stores. In India it uses no beef, building the meat menu around chicken and mutton, and keeps a high share of vegetarian items. Even the flagship Whopper is mainly the chicken version.

Because Muslims make up most of the population in Indonesia, halal operation without pork is a given there. The same group therefore runs both a market that avoids beef and a market that avoids pork.

Consolidated revenue for FY2026 (fiscal year ended March 2026) was ₹2,823 crore, up from ₹2,551 crore in FY2025. Of that, the India business was ₹2,271.7 crore, up 15.4% year on year. As of the end of March 2026 there were 581 outlets in India and 162 in Indonesia, 743 in total.

Where it stands in the burger market in India

The largest QSR chain in India is Domino's Pizza with 2,455 outlets, and in burgers McDonald's and Burger King compete. The McDonald's outlets in west and south India run by Westlife number 482, against 581 for Burger King in India. In outlet counts the two are close.

Average spend and cost structure are similar, though, so the difference comes down to location and turnover. Both concentrate on malls and office districts, with limited expansion into residential areas.

Points for Japanese companies

For a Japanese restaurant company looking at India and Southeast Asia together, a counterpart with hands-on knowledge of running both markets is valuable. Its experience of adapting the same brand across two markets with different religious constraints is worth hearing about.

The company also uses company-owned outlets and sub-franchising side by side. If you are looking for a partner to handle store openings in India, whether it has a track record of running sub-franchises is a point to weigh.