Burger King India Q2 Review - Expect Continuous Recovery: Dolat Capital

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..Dolat Capital Report.Burger King India Ltd.’s results exceeded our estimate. The company achieved 101% average daily sales recovery in October 2021 over FY20, improvement from 95% in Q2 FY22. While delivery average daily sales (to FY20) moderated to 162% in Oct-21 from 165% in Q2 FY22, dine-in recovered 74% in Oct-21 from 65% in Q2 FY22. Stunner menu launched nationally in Q1, gained encouraging response. The company launched first BK Cafe in Q2FY22 and expects to increase the count to 75 stores by the end of FY23E. Burger King India has 10 BK Cafe under construction. Burger King India has achieved gross margin of 65.2%/65.4% during Q1 FY22/Q2 FY22 and targets to achieve 66/68% gross margin in FY22/24E. BK App crossed 1.5 million downloads with 50% plus QoQ growth. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Burger King India Q2 Review - Expect Continuous Recovery: Dolat Capital

Burger King India Q2 Review - Expect Continuous Recovery: Dolat Capital

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