The Saif Ali Khan and Sonakshi Sinha-starrer came out Friday.
Rajesh Thadani of Multimedia Combines told IANS: "'Bullett Raja' is doing a decent business at the box office, but nothing great. The film has approximately collected Rs.12 crore to Rs.13 crore on Friday and Saturday."
Based in a small town in Uttar Pradesh, "Bullett Raja" is described as a fest of guns, grime, and glory and it has just a week to utilise its potential.
"The film will go steady just for a week because next Friday 'R...Rajkumar' will release. It looks very impressive and considering the fact that it's a Prabhudheva film, there is a lot of hope from the film. His record has been very strong so far," said Thadani.
Shahid Kapoor-starrer "R...Raajkumar" too is a crime thriller and another common thread between the two films is Sonakshi, who is playing the female lead in this one too.
However, in Rajasthan, "Bullett Raja" has got an encouraging response.
Sunil Bansal of Yash Raj Jai Pictures Pvt Ltd in Rajasthan said the film collected "around Rs.52 lakh on Friday and around Rs.50 lakh on Saturday".
"So the film has garnered over Rs.1 crore in Rajasthan, which is great," he said and added that they are now looking forward to Aamir Khan-starrer action thriller "Dhoom 3".
Coming out Dec 20, it will see Aamir in a negative role.
"But now we are looking forward to 'Dhoom 3', which will certainly do great business," said Bansal.