Burma Burma’s Financial Highlights in FY26

Burma Burma, a pan-Asian vegetarian restaurant group, demonstrated significant progress in FY26, nearing a break-even point. The financial year ending in March 2026 saw the company achieve a remarkable 47% year-on-year rise in operating revenue, exceeding Rs 150 crore. EBITDA also saw a healthy growth of 35% to reach Rs 29 crore. However, the increasing depreciation and amortisation costs nearly doubled during the year, impacting overall profitability.

Revenue and Market Performance

According to financial statements submitted to the Registrar of Companies (RoC), Burma Burma’s revenue from operations escalated to Rs 155.6 crore in FY26 from Rs 106 crore in FY25. The restaurant chain, known for its Burmese cuisine infused with Indian, Chinese, and Thai flavours, operates over a dozen outlets spread across Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, Ahmedabad, and Chandigarh.

Top Markets for Burma Burma

In FY26, Bengaluru stood out as the largest market for Burma Burma, generating over 32% of the total revenue, roughly Rs 50 crore. Mumbai followed closely with Rs 38.4 crore in revenue, while Delhi and Gurugram each contributed about Rs 15 crore. The remaining revenue streams originated from Hyderabad, Noida, Kolkata, Ahmedabad, and Chandigarh.

Revenue Streams

Dine-in services constituted the primary source of revenue for Burma Burma, contributing a significant 82% of the total operating revenue at Rs 128 crore. Online sales via food delivery services added another Rs 15.9 crore.

Expenses Overview

Employee benefits and material costs comprised over 44% of the overall expenses for the restaurant chain in FY26. Year-on-year, employee benefit costs surged by 44% to reach Rs 48.5 crore, while material expenses rocketed by 50% to Rs 30 crore. Additionally, depreciation and amortisation expenses almost doubled, hitting Rs 40.8 crore during the fiscal year.

Restaurant rentals rose by 43% to Rs 8.3 crore, while advertising expenditure saw a twofold increase to Rs 5.6 crore. The company’s total expenses swelled by nearly 60% year-on-year, from Rs 110 crore in FY25 to Rs 175.4 crore in FY26, primarily due to heightened costs in power, fuel, utilities, transportation, and various overheads.

Financial Losses and Margins

Despite robust revenue gains, Burma Burma’s expenditure surged at a faster rate, particularly due to escalating depreciation and amortisation costs. Consequently, losses widened nearly sixfold, jumping to Rs 14.5 crore in FY26 from Rs 2.5 crore in FY25.

Nonetheless, EBITDA increased by 35% year-on-year to Rs 29 crore, with an EBITDA margin of 18.65%. The return on capital employed (ROCE) stood at -10.1%. On a per-unit basis, Burma Burma expended Rs 1.13 to generate each rupee of operating revenue in FY26.

Financial Position

As of March 2026, the restaurant chain reported cash and bank balances amounting to Rs 18 crore, along with total current assets of Rs 24.6 crore. To date, Burma Burma has secured $11 million in funding, notably a $4 million (Rs 38 crore) investment round in March, which valued the company at Rs 500 crore.