Name: Latest research reports of Devyani International Ltd. authored by Deven Choksey and published by - Trendlyne research reports.
Item: Devyani International Ltd.
Rating: 4
Author: Deven Choksey

Devyani International Ltd.

NSE: DEVYANI | BSE: 543330 | ISIN: INE872J01023 | Industry: Restaurants
| Expensive Underperformer

132.1300 -2.66 (-1.97%)

NSE Jan 16, 2026 15:31 PM

31.89% Fall from 52W High

Volume: 2.7M

Devyani International Ltd.

20 Nov 2025

132.13

-1.97%

Steady revenue growth but weaker profitability marked Devyani’s Q2FY26 performance.

Accumulate: Devyani International Ltd.

Target

Deven Choksey

We have rolled forward our valuation basis to Sept’27 estimates. We value Devyani at 19.0x Sept’27 EBITDA, implying a target price of INR 165.

Emkay decreased Buy price target of Devyani International Ltd. to 190.0 on 07 Jan, 2026.