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.
Prabhudas Lilladher Report
We are positive on the IPO of Barbeque Nation Hospitality (listing gains) - one of the fastest growing casual dining restaurant chain in India.
The company has several growth levers such -
1. huge scope of expansion given low penetration
2. expansion of delivery business which has already grown from 3% of revenues pre Covid-19 to 15% of revenues in November 2020.
3. strong proposition with niche positioning in high growth casual dining segment.
Negative working capital and Rs 3.3 billion funding (including pre IPO) bodes well for a turnaround and steady growth with an estimated 20 restaurant addition/year.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR