Burger King India sales up by 66 per cent
5 years, 3 months ago

Burger King India sales up by 66 per cent

India TV News  

US-based fast-food brand Burger King had posted a 66 per cent growth in sales in India in the year 2019 and significantly narrowed the losses on the back of aggressive expansion, entry level pricing and largest vegetarian menu within global quick service restaurant chains. The US chain that entered the Indian market in 2014 posted sales of Rs 644 crore in FY18-19 while its losses reduced to Rs 16 crore, Economic Times reported. Our menu width means we are able to offer burgers that cater to the Indian palate and attract customers looking for everyday value,” said Rajeev Varman, CEO, Burger King India to Economic Times, claiming that it has turned Ebitda positive during the fiscal. This aggression helped Burger King outpace US rival Starbucks in terms of revenues despite a two-year lag in India entry.

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History of this topic

These stock market stars are outpacing traditional stores in just ‘10-minutes’
2 weeks, 4 days ago

These stock market stars are outpacing traditional stores in just ‘10-minutes’

Live Mint  

Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms. Bolt accounts for 5% of Swiggy’s total food delivery orders within two months of its launch, Sidharth Bhakoo, chief business officer of food marketplace at Swiggy said in an email. “We …

Burger King Trademark Infringement: Bombay HC temporarily restrains Pune eatery from using trade name
1 month ago

Burger King Trademark Infringement: Bombay HC temporarily restrains Pune eatery from using trade name

The Hindu  

The Bombay High Court on Monday passed an interim order restraining a Pune-based eatery from using the brand name ‘Burger King’ until a trademark infringement plea by American fast food giant Burger King Corporation is heard and disposed of. Earlier, in August 2024, Pune district judge Sunil Gangadharrao Vedpathak dismissed the 2011 lawsuit filed by Burger King Corporation against the …

Trademark case: Pune eatery barred from using ‘Burger King’ name; Bombay HC to review evidence
1 month ago

Trademark case: Pune eatery barred from using ‘Burger King’ name; Bombay HC to review evidence

Live Mint  

US-based fast food chain Burger King heaved a sigh of relief after the Bombay High Court, on Monday, restrained a Pune-based eatery from using the name ‘Burger King’. The top court, according to news agency PTI, also stated that it would serve as the “last fact-finding court” and would review all the evidence presented by the US chain, announcing an …

Pune’s Burger King wins decade-old trademark battle against global giant
4 months, 3 weeks ago

Pune’s Burger King wins decade-old trademark battle against global giant

The Hindu  

After a 13-year legal battle, U.S.-based global fast food giant Burger King Corporation has lost its case against a namesake eatery in Maharashtra’s Pune, with a commercial court in the district dismissing the company’s trademark infringement lawsuit. District judge Sunil Vedpathak, in an August 16 order, said the city-based ‘Burger King’ eatery was operational before the U.S. company entered the …

‘Resilient’ sales at Burger King UK amid new restaurant openings
4 months, 3 weeks ago

‘Resilient’ sales at Burger King UK amid new restaurant openings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Burger King UK has said …

Burger King to open more than 60 new UK restaurants
1 year, 2 months ago

Burger King to open more than 60 new UK restaurants

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Burger King has revealed plans …

After a record run, Burger King shares crash 10%
4 years ago

After a record run, Burger King shares crash 10%

Hindustan Times  

Burger King India shares were locked in 10% lower circuit for second day in a row with prices dropping to ₹161.45 on BSE, continuing the roller coaster ride since their listing on Monday. Burger King India’s ₹810 crore IPO was subscribed a massive 156.65 times earlier this month. Mirroring massive investor response of Burger King IPO, Mrs Bectors Food Specialities …

From Burger King India to Indian Bank: Stocks in Focus Today
4 years ago

From Burger King India to Indian Bank: Stocks in Focus Today

News 18  

The 30-share BSE index on Monday rose 154.45 points to reach 46,253.46, while the NSE Nifty increased 44.30 points to close at 13,558.15. Burger King India: Basant Maheshwari Wealth Advisers and Valiant Mauritius Partners Offshore has bought 1.29 per cent equity stake in Burger King India. Bank of Maharashtra: State-run Bank of Maharashtra yesterday garnered over Rs 200 crore through …

In remarkable market debut, Burger King India shares jump nearly 131%
4 years ago

In remarkable market debut, Burger King India shares jump nearly 131%

Hindustan Times  

In a remarkable market debut, shares of Burger King India on Monday zoomed nearly 131 per cent against its issue price of ₹60. The stock opened at ₹115.35, a huge premium of 92.25 per cent against the issue price on the BSE. Burger King India’s share sale was subscribed a massive 156.65 times earlier this month. The quick-service restaurant chain …

Burger King IPO allotment status: Know how to check
4 years ago

Burger King IPO allotment status: Know how to check

Hindustan Times  

Burger King’s India will announce the status of the allotment of its initial public offer on Wednesday. Investors can visit the website of Link Intime India to check their allocation status. Link Intime India is the Sebi-recorded registrar of Burger King IPO that is responsible to digitally administer share allocation and refund. Investors can also check the allotment status through …

Burger King share sale sees robust response
4 years, 1 month ago

Burger King share sale sees robust response

Live Mint  

Burger King India Ltd recorded the second-most successful initial public offering of 2020 as investors subscribed to more than 157 times the number of shares on offer in a buoyant stock market. The quick service restaurant chain’s IPO performance almost matched state-run Mazagon Dock Shipbuilders’ share sale in October which was subscribed more than 157.41 times. Burger King’s ₹810 crore …

Burger King India IPO subscribed over 150 times
4 years, 1 month ago

Burger King India IPO subscribed over 150 times

Live Mint  

Burger King India's initial public offer was subscribed a whopping 156.65 times as of 5 pm on the final day of subscription. The company's initial public offer received bids for 11,66,93,73,500 shares against the total offer size of 7,44,91,524 shares, as per data available with the NSE. The initial public offer will see the Indian subsidiary of the US-based Burger …

Burger King India IPO subscription status: Retail portion sees heavy demand
4 years, 1 month ago

Burger King India IPO subscription status: Retail portion sees heavy demand

Live Mint  

The IPO of Burger King India was subscribed 9.38 times at the end of second day of subscription. 60, Burger King is available at 29x FY20 EV/EBITDA & 3.6x FY20 EV/Sales which seems attractive considering its robust growth in store additions and future revenue, recommend “Subscribe” with a long-term perspective," Geojit said in a note. Ahead of the IPO, Burger …

Everstone’s healthy returns may be luring retail investors to Burger King’s IPO
4 years, 1 month ago

Everstone’s healthy returns may be luring retail investors to Burger King’s IPO

Live Mint  

Mumbai: Private equity firm Everstone Capital and its co-investors, which own the quick service restaurant chain Burger King India have generated double digit returns from their investment in the company, Mint analysis shows. At the IPO valuation, the investors have seen their investment in Burger King India grow at an internal rate of return of 28% in rupee terms, Mint …

Burger King India IPO subscribed 9.38 times on second day of subscription
4 years, 1 month ago

Burger King India IPO subscribed 9.38 times on second day of subscription

India TV News  

Burger King India's initial public offer was subscribed 9.38 times on the second day of subscription on Thursday. The company's initial public offer received bids for 69,86,61,250 shares against the total offer size of 7,44,91,524 shares, as per data available with the NSE. The portion meant for qualified institutional buyers was subscribed 2.70 times, non institutional investors 3.61 times and …

Small investors flock to Burger King IPO
4 years, 1 month ago

Small investors flock to Burger King IPO

Live Mint  

Euphoric retail investors led to over subscriptions of Burger King India Ltd initial public offering on Wednesday. The ₹810 crore issue of the quick service restaurant chain, Burger King India Ltd was subscribed over three times at the end of first day of bidding. Burger King India’s premium positioning targeted for millennials, perhaps, has attracted retail investors to the issue …

Burger King’s IPO fully subscribed on first day on strong retail interest
4 years, 1 month ago

Burger King’s IPO fully subscribed on first day on strong retail interest

Live Mint  

Mumbai: The initial public offer of quick service restaurant chain, Burger King India Ltd was fully subscribed till noon on the first day of bidding on Wednesday. Fidelity Funds - India Focus Fund is the biggest investor as it is allocated 8.23% of the anchor investment portion followed by Eastspring Investments India Consumer Equity Open Ltd and Government of Singapore …

Burger King IPO: Fast food chain raises ₹364.5 cr from anchor investors
4 years, 1 month ago

Burger King IPO: Fast food chain raises ₹364.5 cr from anchor investors

Live Mint  

MUMBAI: Quick service restaurant chain, Burger King India Ltd raised ₹364.5 crore from a clutch of institutional investors ahead of the opening of its initial public offer for subscription today. Fidelity Funds-India Focus Fund is the biggest investor as it was allocated 8.23% of the anchor investment portion followed by Eastspring Investments India Consumer Equity Open Ltd and the Government …

Burger King India IPO opens today: Price band, subscription - all you need to know
4 years, 1 month ago

Burger King India IPO opens today: Price band, subscription - all you need to know

India TV News  

US-based quick service restaurant chain Burger King's Indian arm will hit the capital markets on Wednesday as part of its plans to raise Rs 810 crore to fund expansion and pare debt. The promoter entity of the chain, QSR Asia Pte Ltd will sell up to 6 crore shares, aggregating to Rs 360 crore at the upper end of the …

Burger King IPO: Analysts recommend subscribe
4 years, 1 month ago

Burger King IPO: Analysts recommend subscribe

Live Mint  

The IPO of Burger King India, fast growing international QSR chain in India will open for subscription today, on December 2. ICICI Securities has given a subscribe rating to the issue citing that Burger King India is benefiting from reduced competition from unorganised smaller local restaurants due to Covid related disruptions and expansion of food delivery businesses, the company is …

Burger King IPO a top buy on attractive valuations, say analysts
4 years, 1 month ago

Burger King IPO a top buy on attractive valuations, say analysts

Live Mint  

MUMBAI: The initial public offering of Burger King India Ltd is set to open for subscription on Wednesday and analysts find the issue attractive. Despite the strict lockdown hitting restaurant sectors across the world, analysts feel that the growth prospect of Burger King India Ltd is strong. Besides, Burger King India’s flexibility in tailoring menu to Indian tastes, promotions and …

Burger King IPO almost fully subscribed in just two hours
4 years, 1 month ago

Burger King IPO almost fully subscribed in just two hours

Live Mint  

The IPO of quick service restaurant chain Burger King opened today and was 1.5 times subscribed by 12:30 pm today. Here are 10 things to know about Burger King IPO: 1) Lot size: Bids can be made for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter. 2) Burger King IPO comprises a fresh issue …

Burger King issue looks attractive: Angel Broking
4 years, 1 month ago

Burger King issue looks attractive: Angel Broking

Live Mint  

Burger King India, the Quick Service Restaurant, on Friday set a price band of ₹59-60 per share for its ₹810 crore initial public offering. Purpose of the issue is to finance the roll-out of new company-owned Burger King Restaurant and to meet the general corporate purposes. Burger King won't get such a premium valuation as Jubilant Foodworks as it does …

Burger King IPO to open on Dec 2; price band fixed at Rs 59-60 per share
4 years, 1 month ago

Burger King IPO to open on Dec 2; price band fixed at Rs 59-60 per share

India TV News  

Quick service restaurant chain Burger King will hit the capital markets on December 2, and the price band of the initial public offering has been fixed at Rs 59-60 per share. The proposed IPO will see the Indian subsidiary of the US-based Burger King raise Rs 810 crore, comprising a fresh issue of shares amounting to Rs 450 crore, the …

Burger King is all set for ₹810 cr IPO
4 years, 1 month ago

Burger King is all set for ₹810 cr IPO

Live Mint  

Quick service restaurant chain Burger King India Ltd on Friday set a price band of ₹59-60 per share for its ₹810 crore initial public offering opening on 2 December. The company will sell new shares worth ₹450 crore to the public, while promoter entity QSR Asia Pte Ltd, owned by private equity firm Everstone Group and its limited partners, will …

Burger King files for IPO, plans to raise Rs 541.9 cr
4 years, 2 months ago

Burger King files for IPO, plans to raise Rs 541.9 cr

India TV News  

Quick service restaurant major Burger King India has filed a draft prospectus for an initial public offering. The addendum to the draft red herring prospectus said that the company has undertaken and may further undertake a pre-IPO placement of shares worth up Rs 150 crore, at its discretion, prior to filing of the Red Herring Prospectus with the RoC. "In …

Snapdeal claims 52% growth in sales volume driven by non-metro cities
5 years, 3 months ago

Snapdeal claims 52% growth in sales volume driven by non-metro cities

India TV News  

E-commerce firm Snapdeal on Monday said it has recorded 52 per cent in terms of volume during its first Diwali season sale over the previous year. "Snapdeal concluded its first Diwali sale of 2019 with record orders received, showing a massive growth of 52 per cent over last Diwali volumes. Last week, Amazon India in its first festive season sales …

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