Hunger Pangs Limited, the parent company of restaurant chain Burma Burma, reported a net loss of ₹15.4 crore in fiscal year 2025-26 (FY26), a nearly 31-fold increase from ₹50 lakh in FY25, according to its draft red herring prospectus (DRHP). The company’s revenue from operations grew 46.6% to ₹155.5 crore in FY26 from ₹106.1 crore the previous year, while total income, including other income of ₹1.5 crore, reached ₹157 crore.
The company’s EBITDA rose 20.2% to ₹25.7 crore in FY26 from ₹21.4 crore in FY25. In Q1 FY27, Hunger Pangs reported a net profit of ₹1.1 crore on operating revenue of ₹53.7 crore, aided by ₹1.98 crore in deferred tax credits despite total expenses of ₹55.2 crore during the quarter. The EBITDA profit for Q1 FY27 was ₹11.4 crore with an EBITDA margin of 21.3%. Founded in 2013 by Ankit Gupta and Chirag Chhajer, Hunger Pangs operates Burma Burma, a premium casual restaurant chain serving vegetarian Burmese cuisine.
Burma Burma competes with brands such as Mainland China, Mamagoto, Yum Yum Cha, and Berco’s. As of July 2026, the chain operated 22 restaurants across nine cities including Mumbai, Bengaluru, Hyderabad, Kolkata, and Delhi NCR. The company’s financials reflect growth in revenue and operational scale amid rising losses, highlighting challenges in scaling a niche cuisine concept in India’s competitive casual dining market.
Burma Burma’s parent company raised $4 million in funding recently, supporting its expansion plans. The chain’s footprint across multiple major Indian cities and its reported Q1 FY27 profitability metrics provide a foundation for its upcoming public listing, as detailed in the DRHP filed in 2026.