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Burger King India announced that it's back to its construction target of 700 restaurants by Dec 2026 after its shares gained 8 percent Thursday.
According to Burger King CEO Rajeev Varman, they will complete an additional 50 restaurants this year and target another 70 restaurants more in the following year.
Varman noted that their deliveries posted a 165 percent increase in the last quarter over pre-Covid numbers.
Meanwhile, Varman said its dine-in business is slowly coming back and reported a 65 percent recovery in the second quarter.
Last month, Burger King India reported a net loss of Rs 20.2 crore for the quarter ended September, improving from a net loss of Rs 38.5 crore in the year-ago quarter.
Burger King, however, reported a 154 percent on-year increase in revenues to Rs 245.4 crore in the September quarter.
