Fast Food & QSR

This capital infusion underpins an ambitious plan to expand Burger King’s outlet count from approximately 1,250 restaurants in late 2025 to over 4,000 by 2035, aiming to effectively double the estate within the next five years.

The company reported global comparable sales growth of 3.6%, with gains seen across all operating segments.

The company projects cash flow generation of INR 400-500 million (US$4.55 million to US$5.69 million) in 2025/26 from this initiative.

The deal is expected to close in the first quarter of 2026, subject to regulatory and shareholder approvals.

RBI reiterated its 2025 guidance, expecting adjusted interest expense net of US$520 million, and maintained its long-term targets for 2024-2028, aiming for more than 3% comparable sales growth and over 8% organic adjusted operating income growth annually on average.

Net profit attributable to shareholders increased 15.3% to US$135.4 million, maintaining a solid 7.4% margin despite a US$11.3 million tax impact in key markets in 2025.

The company repurchased US$686.5 million in stock at an average price of US$42.39 per share during the quarter.

Krispy Kreme’s growth reflects its asset-light franchise model, which minimises capital expenditure while enabling rapid retail expansion.

Yadav Enterprises, based in Fremont, California, is a seasoned restaurant franchisee operating over 300 locations across brands including Jack in the Box, Denny’s, El Pollo Loco, and Corner Bakery.

This deal secured the continuation of 64 restaurants and preserved approximately 1,276 jobs, including some key head office roles.