We are increasing our DCF based target price to Rs250 (Rs221 earlier) as we factor in 1) BK Caf launch by Jan-22 (75 cafs by FY23) and 2) superior margin delivery and upgraded guidance 3) success of BK App (200% growth) and 4) sustained innovations with launch of stunner Menu at price point of Rs50 and Rs70. We believe that 1Q would be impacted as Burger king as 55%...