Devyani International Review: Brokerages See KFC Growth, Sapphire Merger As Key Triggers; Retain Positive Ratings
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Brokerages remain positive on Devyani International as KFC growth and the Sapphire Foods merger drive momentum.
- ✓While five firms kept positive ratings, some lowered price targets due to rising costs and Pizza Hut’s uncertain recovery.
- ✓Revenue grew 10.4% to Rs 1,519 crore, though the company reported a net loss.
Story at a Glance
- Category
- BUSINESS
- Reported By
- NDTV Profit
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Brokerages remain positive on Devyani International, with improving momentum at KFC India and the proposed merger with Sapphire Foods emerging as key growth drivers. However, the recovery at Pizza Hut remains uncertain, while rising input costs and subdued discretionary spending could weigh on the near-term outlook. Five brokerages have retained positive ratings on the stock, but Citi and Jefferies have lowered their target prices.
Devyani International Q2: Key Results Highlights (Cons, YoY)
Net loss at Rs 24.2 lakh versus loss of Rs 21.9 crore.
Revenue up 10.4% to Rs 1,519 crore versus Rs 1,377 crore.
Ebitda up 20.9% to Rs 233 crore versus Rs 192 crore.
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NDTV Profit
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