ICICI Direct: Burger King IPO - Investment Rationale

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 Direct Report.Burger King India is a fast growing international quick service restaurant chain in India.It started its operations in 2014 and within five years established 261 restaurants across major cities. The company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India as a master franchisee.The company grew at a faster pace in the last five years by mainly leveraging the disruption at McDonalds franchise in North India.The company has a well defined restaurant rollout plan to open 700 restaurants across geographies by 2026.The proceeds from the IPO would be sufficient to open 190 new stores until 2023..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 brokerage 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.

ICICI Direct: Burger King IPO - Investment Rationale

ICICI Direct: Burger King IPO - Investment Rationale

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