Credit Suisse has initiated coverage on Burger King with an 'outperform' rating and a target price of Rs 215.

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The brokerage house believes, Burger King will remain one of the fastest growing QSR chains in India and expects the recent underperformance to reverse once the out-of-home consumption normalizes and clarity emerges on the company’s Indonesia acquisition.

Credit Suisse believes Burger King will report a net profit in FY24 for the first time since their launch in India.

Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

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(Edited by : Dipikka Ghosh)