Burger King India Q1 Review - Expect Strong Recovery With Ease Of Restriction: Dolat Capital
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Dolat Capital Report
Burger King India Ltd.’s revenue growth exceeded, but profitability was below our estimate.
The company achieved more than 92% average daily sales per store recovery in July 2021 over FY20, improved from 67% in Q1 FY22.
While delivery average daily sales per store (to FY20) recovered to 173%, dine-in recovered 59% in July 2021.
Burger King India launched stunner menu nationally in Q1, received encouraging response.
The company has plans to launch BK Cafe in Q4 FY22 and increase the count to 75 stores by the end of FY23E.
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