Pan-Asian restaurant chain Burma Burma has reported a strong performance in FY26, with its revenue from operations rising 47% year-on-year to Rs 155.6 crore, compared to Rs 106 crore in FY25. However, the company posted a higher net loss as expenses increased faster than revenue.
Known for its Burmese cuisine with Indian, Chinese and Thai influences, Burma Burma currently operates over a dozen restaurants across Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, Ahmedabad and Chandigarh.
Bengaluru remained the company’s biggest market during the year, contributing nearly Rs 50 crore, or over 32% of its total revenue. Mumbai followed with Rs 38.4 crore, while Delhi and Gurugram contributed around Rs 15 crore each. The remaining revenue came from Hyderabad, Noida, Kolkata, Ahmedabad and Chandigarh.
Dine-in continued to be the company’s main revenue driver, bringing in Rs 128 crore, which accounted for around 82% of total operating revenue. Online food delivery contributed Rs 15.9 crore during the financial year.
Despite healthy revenue growth, rising operating costs affected the company’s profitability. Higher depreciation and amortisation expenses led to the net loss widening nearly six times to Rs 14.5 crore in FY26, compared to Rs 2.5 crore in the previous financial year.
At the operating level, EBITDA grew 35% year-on-year to Rs 29 crore, with an EBITDA margin of 18.65%. The company’s return on capital employed (ROCE) stood at negative 10.1%. During FY26, Burma Burma spent Rs 1.13 to earn every rupee of operating revenue.
As of March 2026, the company had cash and bank balances of Rs 18 crore, while its total current assets stood at Rs 24.6 crore. Burma Burma has raised a total of $11 million in funding so far. In March 2026, it secured $4 million (around Rs 38 crore) in a funding round that valued the company at Rs 500 crore.
