Burger King India IPO: Well placed to tap the QSR opportunity in market

The Street is bullish about the long-term growth trajectory, but analysts believe the stock is factoring in the near-term upsides. Investors could look at it on dips

Burger King India, the exclusive national franchisee of global fast food giant Burger King, has had a bumper listing with gains of 108 per cent. The strong investor demand was largely due to robust growth prospects of the organised fast food market and the company’s performance in recent years (before the pandemic).
 

The strong returns performance of the listed peers rubbed off on the IPO. Jubilant FoodWorks, the Indian franchise for Domino’s Pizza, has generated compound annual returns of 44 per cent since its listing in February 2010.
 

Despite the 19 per cent annual revenue growth over FY15-20 for the