NSE: DEVYANI | BSE: 543330

Expensive Performer

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155.92 8.83 (6.00%)

New 52W Low in past week

5.1M NSE+BSE Volume

NSE 11 Apr, 2025 3:31 PM (IST)

18,808.1

Market Cap

Market Runner Up

0.8

Beta 1Year

Very Low volatility

Devyani International Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DEVYANI, BSE:543330 Devyani International Ltd.

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Devyani International Ltd.

13 Feb 2025, 12:00AM

155.92

6.00%

Store expansion drives revenue; strategy expansion shapes future growth

Accumulate: Devyani International Ltd.

KRChoksey

• For Q3FY25, DEVYANI’s revenue was INR 12,944 Mn, a growth of 53.5% YoY and 5.9% QoQ, largely in line with our estimate.
• EBITDA for the quarter increased by 49.9% YoY (+10.3% QoQ) to INR 2,192 Mn, outperformed our estimate due to lower-than-expected employee costs. EBITDA margin stood at 16.9%, down by 41bps YoY but increasing by 68bps QoQ.

Devyani Internationa.. has an average target of 183.75 from 4 brokers.

Devyani International Ltd.

11 Feb 2025

155.92

6.00%

Weak underlying metrics; store expansion continues

Buy: Devyani International Ltd.

Motilal Oswal

Devyani International’s (DEVYANI) consol. revenue grew 54% YoY (in line) in 3QFY25, led by a recent acquisition in Thailand. India revenue was up 10% YoY, despite 20% YoY store expansion, which was offset by weak samestore sales growth (SSSG) across brands.

Devyani International Ltd. is trading below all available SMAs

Devyani International Ltd.

19 Dec 2024

155.92

6.00%

Near-term pressure persists; focus on store expansion

Buy: Devyani International Ltd.

Motilal Oswal

We met with Mr. Manish Dawar, CFO of Devyani International (DIL), to discuss the current demand trends, the company’s growth outlook across business verticals, and its long-term strategy.

Devyani Internationa.. has an average target of 183.75 from 4 brokers.

Devyani International Ltd.

14 Nov 2024, 12:00AM

155.92

6.00%

Weak Q2; brand additions to be long-term positive

Hold: Devyani International Ltd.

Recommendation Target

Sharekhan

Devyani International Limited (DIL) posted another quarter of muted performance in Q2FY2025, with KFC’s and Pizza Hut’s SSSG declining by 7% and 5.7%, respectively. Revenue growth of 49% y-o-y was mainly led by the integration of Thailand’s KFC business.

Devyani International Ltd. is trading below all available SMAs

Devyani International Ltd.

14 Nov 2024, 12:00AM

155.92

6.00%

Store addition drives the revenue; strategic expansion fuels future prospects

Accumulate: Devyani International Ltd.

Target

KRChoksey

For Q2FY25, DEVYANI’s revenue was INR 12,222 Mn, a growth of 49.1% YoY and a flat growth in QoQ, which is largely in line with our estimate.
EBITDA for the quarter increased to INR 1,987 Mn by 25.2% YoY (-11.0% QoQ). EBITDA underperformed our estimates.

Devyani International Ltd. is trading below all available SMAs

Devyani International Ltd.

12 Nov 2024

155.92

6.00%

Near-term weakness compels us to retain REDUCE

Sell: Devyani International Ltd.

Emkay

DIL’s Q2 EBITDA was ~13% below our estimate, on margin miss in KFC and higher HO costs.

Devyani Internationa.. has an average target of 183.75 from 4 brokers.

Devyani International Ltd.

11 Nov 2024

155.92

6.00%

Weak growth metrics; muted near-term recovery outlook

Buy: Devyani International Ltd.

Target

Motilal Oswal

Devyani International Ltd’s (DEVYANI) consol. revenue grew 49% YoY (est. +42%), including the recent acquisition in Thailand.

Devyani International Ltd. is trading below all available SMAs

Devyani International Ltd.

23 Aug 2024

155.92

6.00%

Growth persists amid challenges; strategic expansion fuels future prospects

Hold: Devyani International Ltd.

Target

KRChoksey

For Q1FY25, DEVYANI’s revenue was INR 12,219 Mn, a growth of 44.3% YoY (+16.7% QoQ), which outperformed our estimates.
EBITDA for the quarter was INR 2,234 Mn, which grew by 28.8% YoY (+29.4% QoQ).

Devyani Internationa.. has an average target of 183.75 from 4 brokers.

Devyani International Ltd.

24 May 2024

155.92

6.00%

Thailand acquisition drives sales growth, margins to be subdued in the near-term

Accumulate: Devyani International Ltd.

KRChoksey

For Q4FY24, DEVYANI reported revenue of INR 10,471 Mn (+38.7% YoY/ +24.2% QoQ) outperformed our estimates, primarily driven by growth in KFC India (+11.3% YoY) and Costa (+36.3% YoY). Pizza Hut India declined 4.5% YoY.

Devyani International Ltd. is trading below all available SMAs

Devyani International Ltd.

15 May 2024

155.92

6.00%

Strong margin execution, but recovery still seems uncertain

Sell: Devyani International Ltd.

Emkay

DIL's Q4 EBITDA was 7-8% higher vs. our estimates, largely helped by strong
cost optimization as topline was weaker. Given a glut of weak consumption
trends, with 7/14% SSG decline in KFC/PH, a flat margin is commendable (vs.
250bps QoQ margin decline for Sapphire PH/KFC).

Devyani International Ltd. is trading below all available SMAs

VOTE: Is Devyani International Ltd. worth buying?

215 Votes:

Buy 86.51%

Sell 9.3%

Hold 4.19%

RESEARCH REPORTS

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