Everbrands India Limited

Bull case

• The company successfully opens 460 new Subway stores as planned.

  The board of directors has approved the business expansion plan to open these stores, which could significantly increase revenue.

• The online food delivery market continues to grow at a CAGR of 20.5%.

  This growth supports the company's expansion strategy and reliance on delivery aggregators for revenue.

• The company maintains strong relationships with its suppliers and franchise partners.

  This is crucial as 94.13% of the cost of goods sold comes from the top ten suppliers, and any disruption could impact operations.