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Buy Devyani International Ltd for Target Rs. 210 by JM Financial Institutional Securities Capitalising strongly on penetration-led growth opportunity The penetration-led growth runway in India’s QSR industry remains strong within the overall consumption space and Devyani has been at the forefront in capitalising on it. Hence, store expansion has been Devyani’s priority, which is clearly visible from its aggressive store additions over FY19-23 vs. other QSR peers (Exhibit 1). To that extent, SSSG expectations on steady state basis are relatively lower (in mid-single ...
Buy Devyani International Ltd for Target Rs. 210 by JM Financial Institutional Securities
Buy Devyani International Ltd for Target Rs. 210 by JM Financial Institutional Securities
Source: JM Financial Institutional Securities
1/09/2023 3:15:56 PM
Reduce Devyani International Ltd For Target Rs.180 - Centrum Broking Ltd Devyani International’s Q1FY24 print was below our estimates; consol. revenue/EBIDA grew 20.1%/5.3%, and PAT declined 38.1%. India KFC/PH revenue grew 21.5%/11.1% led by decline in SSSG at 0.9%/5.3%. Costa coffee revenue/SSSG grew 83.4%/9.4%. DIL stated, despite IPL event, given challenging environment ADS declined for KFC/PH at 7.9%/10% indicating shift in demand towards value segment. In Q1 DIL added 20/15/11 stores under KFC/PH/Costa format. Though DIL effected 3.5%/1.0% price increa...
Reduce Devyani International Ltd For Target Rs.180 - Centrum Broking Ltd
Reduce Devyani International Ltd For Target Rs.180 - Centrum Broking Ltd
Source: Centrum Broking Ltd
8/08/2023 2:27:14 PM
Buy Devyani International Ltd For Target Rs.220 - Motilal Oswal Financial Services Ltd SSSG remains weak; RM trend improving * DEVYANI reported 20% YoY revenue growth (in line), aided by 28% store adds. SSSG remained weak for both KFC and PH. However, the decline in RM prices led to a 120bp gain in gross margin QoQ. Due to higher corporate G&A and employee expenses, EBITDAM contracted by ~290bp YoY to 20.5%, translating into 5% growth in EBITDA and a 39% decline in PAT.  * Due to the challenging environment, SSSG remained weak, and a recovery is expected to take ...
Buy Devyani International Ltd For Target Rs.220 - Motilal Oswal Financial Services Ltd
Buy Devyani International Ltd For Target Rs.220 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
7/08/2023 2:35:07 PM
KFC operator Devyani International profit slumps on expenses, weak currency  India's Devyani International reported an 84% slump in its quarterly profit on Friday as the domestic operator of Pizza Hut and KFC restaurants was swamped by higher expenses and tepid currency in key market Nigeria. Consolidated net profit fell to 117.6 million rupees ($1.42 million) for the first quarter ended June 30, from 738.5 million rupees in the year-ago period, according to an exchange filing. Devyani said it took a one-off hit of 473.3 million rupees during the repor...
KFC operator Devyani International profit slumps on expenses, weak currency
KFC operator Devyani International profit slumps on expenses, weak currency
Source: Reuters
4/08/2023 2:55:21 PM
Devyani International shines on incorporating wholly owned subsidiary in Dubai Devyani International is currently trading at Rs. 181.50, up by 7.45 points or 4.28% from its previous closing of Rs. 174.05 on the BSE. The scrip opened at Rs. 173.20 and has touched a high and low of Rs. 183.85 and Rs. 173.20 respectively. So far 144235 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 215.00 on 18-Aug-2022 and a 52 week low of Rs. 134.05 on 27-Mar-2023. Last one week high and low of the scrip s...
Devyani International shines on incorporating wholly owned subsidiary in Dubai
Devyani International shines on incorporating wholly owned subsidiary in Dubai
Source: Accord Fintech
18/05/2023 11:45:28 AM
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown India's Devyani International Ltd on Wednesday reported a 21% slump in fourth-quarter profit as the KFC restaurant operator saw a jump in expenses and inflation-hit consumers cut back spending on fast food. Consolidated net profit fell to 607.2 million rupees ($7.4 million) for the quarter ended March 31, the local franchisee of U.S.-based Yum Brands said in an exchange filing. Consumers in the world's most populous country have been slammed by high prices of daily essentials fr...
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
Source: Reuters
17/05/2023 1:45:48 PM
Buy Devyani International Ltd for Target Rs 195 by JM Financial Institutional Securities Devyani is the largest franchisee of Yum brands in India (accounts for c.64/59% of store network and c.57/55% of sales of Pizza Hut (PH)/KFC as of 9MFY23). It has a presence across many large segments (Pizza, chicken, Café) through a portfolio of strong brands (PH, KFC, Costa Coffee). KFC, which is a key earnings driver for Devyani, remains on a strong footing, leveraging its first mover advantage while PH is seeing gradual improvement across metrics. This, along with recovery in other...
Buy Devyani International Ltd for Target Rs 195 by JM Financial Institutional Securities
Buy Devyani International Ltd for Target Rs 195 by JM Financial Institutional Securities
Source: JM Financial Institutional Securities
19/04/2023 11:44:02 AM
Buy Devyani International Ltd For Target Rs 225 -Emkay Global Financial Services DIL’s Q2 EBITDA was largely in line with our estimates. Among brands, KFC SSG at 13% was better than expected, while PH SSG at 3% was weaker. Near-term commentary was cautious, as PH softness was attributed to weak consumer sentiment amid elevated retail inflation. However, DIL retained its outlook of 7-8% SSG for PH, underpinned by its entry into the value-pizza segment [Flavor-Fun Pizzas]. Store additions remained robust, with net additions of 88/158 stores in Q2/H1FY23 and annual gui...
Buy Devyani International Ltd For Target Rs 225 -Emkay Global Financial Services
Buy Devyani International Ltd For Target Rs 225 -Emkay Global Financial Services
Source: Emkay Global Financial Services
4/11/2022 2:54:32 PM
Diwali Fundamental Muhurat Picks By Angel One Federal Bank * Federal bank is one of India's largest old generation private sector banks. At the end of Q2 FY2023 the bank had advances of Rs. 1.61 lakh cr. And deposits of Rs 1.89 lakh cr. The bank predominantly has a secured lending book which helped limit asset quality issues during the Covid 19 pandemic. * Federal Bank has posted a good set of numbers for Q2FY23 as NII, and Advances increased by 19.1%/19.9% YoY. Provisioning for the quarter was up by mere 9% YoY because of whic...
Diwali Fundamental Muhurat Picks By Angel One
Diwali Fundamental Muhurat Picks By Angel One
Source: Angel One Ltd
22/10/2022 2:06:16 PM
Buy Devyani International Ltd for Target Rs 210 by ICICI Direct Devyani International Ltd  Technical Observations • The share price of Devyani International is seen resuming up move after a base around the 50 days EMA (Currently at | 183) and the recent range breakout area as can be seen in the adjacent chart thus offers fresh entry opportunity • In the smaller time frame the stock has already taken five weeks to retrace just 61.8% of its preceding three weeks up move (| 155-215) A shallow retracement signals a higher base formatio...
Buy Devyani International Ltd for Target Rs 210 by ICICI Direct
Buy Devyani International Ltd for Target Rs 210 by ICICI Direct
Source: ICICI Direct
22/09/2022 11:11:20 AM
Devyani International jumps on opening 1000th outlet in Mumbai Devyani International is currently trading at Rs. 154.00, up by 4.05 points or 2.70% from its previous closing of Rs. 149.95 on the BSE. The scrip opened at Rs. 149.75 and has touched a high and low of Rs. 158.30 and Rs. 149.75 respectively. So far 127271 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 198.85 on 14-Dec-2021 and a 52 week low of Rs. 107.70 on 23-Aug-2021. Last one week high and low of the scrip s...
Devyani International jumps on opening 1000th outlet in Mumbai
Devyani International jumps on opening 1000th outlet in Mumbai
Source: Accord Fintech
30/06/2022 11:29:15 AM
Buy Devyani International Ltd For Target Rs.210 - Emkay Global Q3 performance strengthens confidence in execution Q3 performance was strong but largely in line. EBITDA grew 67% on a low base, led by 33% store count growth, 24% growth in rev/store and a 40bps margin improvement. Core brands, KFC/PH, saw ~64% rev growth on ~40% store count growth and a low ADS base. Healthy store additions continued, with 75/81 additions in Core brands/overall. DIL is now targeting the upper band of FY22 guided additions of 200-250, with 192 additions in 9M. DIL expe...
Buy Devyani International Ltd For Target Rs.210 - Emkay Global
Buy Devyani International Ltd For Target Rs.210 - Emkay Global
Source: Emkay Global Financial Services Ltd
8/03/2022 10:36:40 AM
Investment Idea - Buy Devyani International Ltd For Target Rs.210 - Motilal Oswal Aggressive growth momentum continues * DEVYANI delivered a strong performance in 3QFY22, with an improvement on all operating metrics. Both KFC and Pizza Hut (PH) saw a sequential improvement in ADS to INR124k and INR47k, respectively, despite the addition of a large number of stores in the past five quarters. * While strong demand tailwinds in 3QFY22 boosted KFC’s ADS, the same may normalize going forward. However, the gradual uptick in ADS for PH is likely to continue on ac...
Investment Idea - Buy Devyani International Ltd For Target Rs.210 - Motilal Oswal
Investment Idea - Buy Devyani International Ltd For Target Rs.210 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/02/2022 3:55:50 PM
Hold Devyani International Ltd For Target Rs.187 - Edelweiss Financial Services A unique combo serving Devyani International (DIL) is the largest operator of KFC (~60% of revenues) and Pizza Hut (PH) (~30%) in India. Post consolidating territories/rights for KFC and PH, DIL is revamping these brands to realize full potential via i) improving store economics; ii) increasing delivery share and iii) scaling-up in store addition, something the formats had missed over FY15-20. Signs of these initiatives have been visible over the last one year, with DIL outpacing its pe...
Hold Devyani International Ltd For Target Rs.187 - Edelweiss Financial Services
Hold Devyani International Ltd For Target Rs.187 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
29/01/2022 10:19:34 AM
Buy Devyani International Ltd For Target Rs.195 - Choice Broking Devyani International Limited (DIL), incorporated in 1991, operates a chain of franchised quick service restaurants in India, Nepal, and Nigeria. The company’s core brands business include KFC, Pizza Hut, and Costa Coffee stores operated in India; International Business comprise KFC and Pizza Hut stores operated in Nepal and Nigeria. Other Business consists of its own brands, such as Vaango, and Food Street. As of Sept 30, 2021, its core brands business operated 705 stores, including 30...
Buy Devyani International Ltd For Target Rs.195 - Choice Broking
Buy Devyani International Ltd For Target Rs.195 - Choice Broking
Source: Choice Broking
25/11/2021 1:50:33 PM
Buy Devyani International Ltd : Growth through expansion - Ventura Securities Buy Devyani International Ltd For Target Rs.166 Growth through expansion Devyani International Ltd (DIL) is among the largest QSR chains having franchises of KFC, Pizza Hut, Taco Bell and Costa Coffee. It also has its own brands including Vaango, The Food Street, Ile Bar, AMRELI and Ckrussh Juice Bar among others. The service offerings are through 759 stores across 177 Indian cities and 44 stores across Nigeria and Nepal. DIL is in a rapid expansion mode of setting up ~200+ stor...
Buy Devyani International Ltd : Growth through expansion - Ventura Securities
Buy Devyani International Ltd : Growth through expansion - Ventura Securities
Source: Ventura Securites Ltd
5/11/2021 10:51:13 AM
Perspective on Listing of Devyani, Krsnaa, Windlas and Exxaro on the exchange today by Ms. Sneha Poddar, Motilal Oswal Financial Services Below is perspective on Listing of Devyani, Krsnaa, Windlas and Exxaro on the exchange today by Ms. Sneha Poddar, AVP – Research, Broking & Distribution, Motilal Oswal Financial Services Ltd. “Today four IPOs got listed - Devyani, Krsnaa, Windlas and Exxaro of which Devyani listed with stellar 56% premium while Krsnaa and Exxaro listed with tepid 7%/5% premium and Windlas at a discount. Currently midcaps and smallcaps are facing selling pressure and...
Perspective on Listing of Devyani, Krsnaa, Windlas and Exxaro on the exchange today by Ms. Sneha Poddar, Motilal Oswal Financial Services
Perspective on Listing of Devyani, Krsnaa, Windlas and Exxaro on the exchange today by Ms. Sneha Poddar, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
16/08/2021 2:44:22 PM
IPO Note - Devyani International Ltd By Ventura Securities Among the largest QSR chains operating in India, Devyani International Ltd (DIL) manages the franchises of Yum! Brands (KFC, Pizza Hut, Taco Bell) and Costa Coffee. Apart from these franchises it also has its own brands – Vaango, The Food Street, Ile Bar, AMRELI and Ckrussh Juice Bar among others. In India they currently have 696 stores across 166 cities and they have an international presence (39 stores) in Nigeria and Nepal. The company’s business can broadly be classified in...
IPO Note - Devyani International Ltd By Ventura Securities
IPO Note - Devyani International Ltd By Ventura Securities
Source: Ventura Securities Ltd
6/08/2021 11:07:39 AM
IPO Note - Devyani International Ltd By LKP Securities Devyani International Ltd (DIL) is the largest Franchisee of Yum Brand operating in more than 26 states and 3 union territories in India. The company is also amongst the largest operators of chain Quick Service Restaurants (QSR) on a non-exclusive basis in India. DIL operates brands such as KFC, Pizza Hut and Costa Coffee in India as well as in the International markets. DIL also owns and operates its own franchisees such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juic...
IPO Note - Devyani International Ltd By LKP Securities
IPO Note - Devyani International Ltd By LKP Securities
Source: LKP Securities Ltd
4/08/2021 12:51:19 PM
IPO Note - Devyani International Ltd By Nirmal Bang BACKGROUND Devyani International Ltd. (DIL) is the largest franchisee of Yum Brands like KFC, Pizza Hut in India and are among the largest operators of chain quick service restaurants (QSR) in India. on a non-exclusive basis, and operate 696 stores across 166 cities in India, as of June 30, 2021. In addition, it has a franchisee for the Costa Coffee brand and stores in India. The company’s business is broadly divided into the following three verticals: (i) KFC, Pizza Hut and Costa...
IPO Note - Devyani International Ltd By Nirmal Bang
IPO Note - Devyani International Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
4/08/2021 10:05:55 AM
IPO Note - Devyani International Ltd By Angel Broking Devyani International Ltd (DIL) is the largest franchisee of Yum Brands in India and is among the largest chain operators of quick service restaurants (“QSR”) in India on a non-exclusive basis, and operates 696 stores across 166 cities in India, as of June 30, 2021.Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell and has a presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 2020. In addition, Devyani International is a...
IPO Note - Devyani International Ltd By Angel Broking
IPO Note - Devyani International Ltd By Angel Broking
Source: Angel Broking Ltd
3/08/2021 4:12:10 PM
IPO Note - Devyani International Ltd By Religare Broking About the Company Devyani International Ltd. (Devyani) is the largest franchisee of Yum Brands in India and is also among the top operators of chain quick-service restaurants. It operates around 696 stores across 166 cities in India as of June 30, 2021. Yum! Brands Inc. runs brands such as KFC, Pizza Hut and Taco Bell brands and has a presence globally with more than 50,000 restaurants in over 150 countries. It collaborates with Yum across various aspects of its operations for KFC and Pizz...
IPO Note - Devyani International Ltd By Religare Broking
IPO Note - Devyani International Ltd By Religare Broking
Source: Religare Broking Ltd
3/08/2021 11:01:21 AM
Quote on Devyani International IPO by Mr. Amarjeet Maurya, Angel Broking Ltd Below is quote on Devyani International IPO - Subscribed by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd Devyani International Ltd (DIL) is the largest franchisee of Yum Brands in India and is among the largest chain operators of quick service restaurants (“QSR”) in India on a non-exclusive basis, and operates 696 stores across 166 cities in India, as of June 30, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco B...
Quote on Devyani International IPO by Mr. Amarjeet Maurya, Angel Broking Ltd
Quote on Devyani International IPO by Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
2/08/2021 3:14:34 PM
Devyani International Ltd IPO : Here`s everything you need to know by Mr. Amarjeet Maurya, Angel Broking Ltd Below is quote on Devyani International Ltd IPO : Here’s everything you need to know by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd Devyani International Ltd (DIL) IPO expected to open on 4th august 2021 and close on 6th august 2021. The IPO consist fresh issue of Rs440cr and offer for sale of 15.5cr crores shares.  Devyani International Ltd  is the largest franchisee of Yum Brands and among the largest q...
Devyani International Ltd IPO : Here`s everything you need to know by Mr. Amarjeet Maurya, Angel Broking Ltd
Devyani International Ltd IPO : Here`s everything you need to know by Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
28/07/2021 12:18:46 PM