Burger King India - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Burger King India - 4QFY21 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 4QFY21, Burger King India Ltd (BKIL) reported revenue of ~Rs196cr (up ~3% YoY). Top-line was negatively impacted mainly due COVID-19. On the EBITDA front, the company has reported Rs24.6cr and EBITDA margin at 12.5% (up by 160bps yoy). EBITDA margin has increased due to lower cost. On the bottom-line front, BKIL reported a loss of ~Rs26cr (against loss of ~Rs37cr in 4QFY20) due to higher interest and depreciation cost. Currently, the company has 265 stores and the company has opened 1 store and closed 6 stores during the quarter.Currently, we are neutral on stock.
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