Burger King India Appoints Sumit Zaveri As CEO- India Business — TradingView News

The leadership reshuffle comes as Burger King India reports 24.1 per cent revenue growth and the company targets 80-100 new outlets annually

Restaurant Brands Asia (RBA), which operates Burger King in India and Burger King and Popeyes in Indonesia, has appointed Sumit Pushkar Zaveri as Chief Executive Officer of its India business, effective 1 November 2026. He moves from his current roles as Group Chief Financial Officer and Chief Business Officer and will report to Group CEO Rajeev Varman.

The company’s board approved the appointment on 29 October, following a recommendation from its Nomination and Remuneration Committee. Zaveri will continue as a key managerial personnel of the company and assume the designation of CEO – India Business.“I am also pleased to share that Sumit Zaveri will be leading our India business, continuing to report to me. Going forward, our priorities remain firmly centered on sales growth, cost efficiencies and growing our restaurant footprint,”  Varman said.

Zaveri has more than 28 years of experience across finance control, treasury, budgeting and management information systems. He joined RBA on September 2019, and has overseen functions including finance, accounting, taxation, banking, audit, controls, reporting, statutory compliance, capital expenditure and information technology.He was appointed interim Chief Financial Officer in May 2025, later serving as Group CFO and Chief Business Officer (CBO). Before joining RBA, he worked with Nature’s Basket and Tata Group companies, including Tata Starbucks and The Indian Hotels Company.

Zaveri holds a Bachelor of Commerce degree from the University of Mumbai and is an associate member of the Institute of Chartered Accountants of India. He also holds a qualification from the Institute of Cost and Works Accountants of India.The leadership change comes as RBA focuses on expanding its restaurant network and improving operating performance in the competitive quick-service restaurant market. Its India business reported revenue from operations of Rs 705.6 crore in the July-September quarter of FY27, up 24.1 per cent year-on-year from Rs 568.7 crore.

Sales And Margins

Burger King India recorded same-store sales growth (SSSG) of 14 per cent in Q2 FY27, compared with 12.6 per cent in the preceding quarter. Its restaurant network stood at 607 outlets at the end of September, an addition of 74 stores over the year-ago period.Gross profit increased 27.8 per cent year-on-year to Rs 496.4 crore, while gross margin improved to 70.4 per cent from 68.3 per cent. The cost of materials consumed declined to 29.6 per cent of revenue from 31.7 per cent in Q2 FY26.

Restaurant earnings before interest, taxes, depreciation and amortisation (Ebitda), before the impact of Ind AS 116, rose 53.7 per cent to Rs 91 crore from Rs 59.2 crore. The corresponding margin expanded to 12.9 per cent from 10.4 per cent. Company Ebitda on the same basis increased 94.1 per cent to Rs 55.1 crore, with the margin rising to 7.8 per cent from 5 per cent.On a post-Ind AS 116 basis, restaurant Ebitda stood at Rs 149.8 crore, up 33.5 per cent year-on-year, while company Ebitda increased 40 per cent to Rs 113.9 crore.

Management Restructuring

Zaveri’s appointment is part of a wider restructuring of RBA’s senior management team, with several changes taking effect on 1 November. Kiran Komatla will become Group Chief Technology Officer, Nitin Bhayana Group Chief Asset Procurement Officer, Sumeer Bedi Chief Business Development Officer and Deepa Prasad Chief Supply Chain Officer.

Gaurav Ajjan has been named Head of Corporate Development and Investor Relations, while Bhavika Dave will head the legal function.The changes follow a shift in RBA’s ownership in July 2026, when a consortium led by Lenexis Foodworks and other investors acquired control of the company, replacing QSR Asia as promoter.

RBA has set an annual target of adding 80-100 restaurants through a cluster-led expansion strategy. Its India business is also focusing on value-led offerings, menu innovation, digital engagement and supply chain efficiencies, alongside investments in restaurant equipment and operating processes.The leadership transition places Zaveri at the helm of the India business as RBA seeks to sustain sales growth, expand its store network and improve operating performance.