BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Burger King India Ltd. reported a decent quarter in terms of revenue (down 24% QoQ) and gross margin print (up 65%).
Burger King's focus continues on strengthening-
delivery platform (including own app),
offering (Stunner menu) and
store expansion.
Consumer response (to innovation in Whopper range) appears good with one in every three orders having a Whopper.
We see multiple short-to-medium-term tailwinds:
likely sharper revenue recovery (once consumption normalise) given the over indexation of mall stores,
young store maturity provides operating leverage and
addition of BK Cafe as incremental growth.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.