NSE: DEVYANI | BSE: 543330

Expensive Underperformer

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134.79 -0.13 (-0.10%)

32.22% Fall from 52W High

694.1K NSE+BSE Volume

NSE 14 Jan, 2026 3:31 PM (IST)

16,617.9

Market Cap

Market Runner Up

Beta 1Year

High 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.

07 Jan 2026

134.79

-0.10%

Favorable negotiations, synergies bode well for growth revival

Buy: Devyani International Ltd.

Target

Emkay

The promoters and management teams of Devyani International (DIL) and Sapphire Foods (SFIL) jointly held an investor call, to explain the deal contours, potential merger synergies, and planned growth investments.

Number of FII/FPI investors decreased from 175 to 160 in Sep 2025 qtr

Devyani International Ltd.

06 Jan 2026

134.79

-0.10%

Strategic consolidation of Yum! Brands’ India operations

Buy: Devyani International Ltd.

Motilal Oswal

Devyani International (DIL) and Sapphire Foods India (SAPPHIRE) have approved a scheme of arrangement for the merger of SAPPHIRE into DIL. The transaction consolidates Yum! Brands’ India operations under a single listed entity.

Devyani Intl has lost -20.40% in the last 6 Months

Devyani International Ltd.

20 Nov 2025

134.79

-0.10%

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.

Devyani Internationa.. has an average target of 178.33 from 4 brokers.

Devyani International Ltd.

06 Nov 2025

134.79

-0.10%

Recovery awaited; pressure on margins

Buy: Devyani International Ltd.

Target

Motilal Oswal

Devyani International’s (DEVYANI) consolidated revenue grew 13% YoY in 2QFY26. The India revenue was up 12% YoY, led by the Skygate acquisition and 16% YoY store expansion.

Devyani Internationa.. has an average target of 178.33 from 4 brokers.

Devyani International Ltd.

25 Aug 2025

134.79

-0.10%

Performance hit by weak demand and competition; gradual recovery expected

Accumulate: Devyani International Ltd.

Deven Choksey

We have revised our FY26E/FY27E EBITDA estimates by -9.3%/-3.3%, as we factor in more gradual pick-up in consumer demand and higher input costs in FY26, led by online marketing projects undertaken by the Company.

Devyani Internationa.. has an average target of 178.33 from 4 brokers.

Devyani International Ltd.

28 May 2025

134.79

-0.10%

BP Equities Q4FY25 Result Update Devyani International Ltd

Results Update: Devyani International Ltd.

BP Wealth

Devyani Internationa.. has an average target of 178.33 from 4 brokers.

Devyani International Ltd.

20 Apr 2025

134.79

-0.10%

Upgrade to BUY on potential value creation in BBK

Buy: Devyani International Ltd.

Recommendation Target

Emkay

We upgrade Devyani to BUY from Add, while raising our TP by ~18% to Rs200 from Rs170 (30x FY27E EBITDA vs 26x earlier). The upgrade is led by potential value creation in the likely acquisition of ‘Biryani By Kilo’ (BBK) and possible return of a mid-teen growth for the India business in FY26E (vs 7% in FY25).

Devyani Internationa.. has an average target of 178.33 from 4 brokers.

Devyani International Ltd.

11 Feb 2025

134.79

-0.10%

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 Internationa.. has an average target of 178.33 from 4 brokers.

Devyani International Ltd.

19 Dec 2024

134.79

-0.10%

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 Intl has lost -20.40% in the last 6 Months

Devyani International Ltd.

14 Nov 2024, 12:00AM

134.79

-0.10%

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.

Number of FII/FPI investors decreased from 175 to 160 in Sep 2025 qtr

VOTE: Is Devyani International Ltd. worth buying?

234 Votes:

Buy 86.75%

Sell 8.97%

Hold 4.27%

RESEARCH REPORTS

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Buy SEE REPORTS >

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