**1. Business Performance:** RBA's India business saw strong Q3 FY26, with revenue up 16.5% YoY to INR 577.3 Cr and core operating profit (EBITDA pre-Ind AS 116) jumping 31.5% YoY to INR 40.6 Cr.

Gross Margin hit 69.9% as Average Daily Sales grew 4.5%. Indonesia's revenue declined 4.4% YoY to INR 137.3 Cr, though Burger King there improved profitability.

Overall consolidated revenue grew 11.8% YoY to INR 714.7 Cr, with consolidated core EBITDA soaring 85.0% YoY to INR 24.6 Cr. **2. Growth Drivers or Strategy:** Growth is driven by India's focus on boosting dine-in traffic, continuous menu innovation (like Korean Spicy Fest), and a digital-first approach, with 92% of orders now digital.

Efficiency and value leadership are key.

Indonesia aims to lift sales via value and menu innovation, improve restaurant profitability, and cut overheads, while building awareness for Popeyes. **3. Recent Developments:** A major development: Inspira Global will acquire RBA.

This includes buying an 11.26% stake from QSR for around INR 460 Cr, plus a planned INR 900 Cr equity infusion and INR 600 Cr via warrants, both at INR 70 per share.

This will give Inspira control and trigger an open offer. **4. Key Financial Metrics:** (Included within Business Performance for conciseness.) **5. Management Commentary / Outlook:** For India, the company plans 60-80 new restaurants annually and has already reached its ~70% gross profit target for FY29. The new strategic promoter is expected to strengthen the balance sheet and support long-term growth.