Strong results on the numbers front once again, record revenue and EBITDA for India, and reasonable revenue growth in Indonesia keeping in mind the closure of underperforming stores. Co remaining on track for number of stores guidance for BK India and Popeye Indonesia is also encouraging.
For BK India – Product line-up boost with a wider chicken menu (Bone-in and Boneless wings, Nuggets), value for money offerings – Whopper promotion and 99 Rupee meal, BK Cafe present in all new stores (with a low base in terms of ADS contribution at the moment) may collectively help margins, ADS and in-store traffic growth
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