Motilal Oswal: Burger King IPO - Valuations And View

Burger King India is one of the fastest growing international quick service restaurant chains in India.

A security guard opens a door of a Burger King restaurant, operated by Burger King Worldwide Inc. and the Everstone Group, in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

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Motilal Oswal Report

Burger King India Ltd. is one of the fastest growing international quick service restaurant chains in India.

The company enjoys exclusive national master franchisee rights in India till December 31, 2039, with an obligation to develop and open atleast 700 restaurants by Dec 31, 2026.

The royalty rate is favourable with capping at 5% of sales. The arrangement provides it with the ability to use Burger King’s globally recognised brand name to grow its business in India, along with flexibility in tailoring menus and flexibility in supply chain management.

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Motilal Oswal Burger King IPO Note.pdf
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