Burger King India Ltd (BKIL; CMP: Rs 133; Market Cap: Rs 5,111 crore) has posted double-digit growth in revenues for Q3FY22. Margins have also improved. Although the third wave of COVID-19 is likely to affect players focused on dine-in, such as BKIL, more, we expect it to be a near-term headwind. With milder infections and lower hospitalisation, we expect the third wave to be short-lived and restrictions to be eased once the wave wanes. The next financial year (FY23) is expected…
