Devyani International Ltd Share Price (DEVYANI)

Kotak Institutional Equities Anticipates Margin Pressure for QSR Companies - 09 Apr, 2024

Kotak Institutional Equities expects margins to remain under pressure in Q4FY24 for Jubilant Foodworks, Westlife Foodworld, Devyani International, Sapphire Foods, and Restaurant Brands Asia. The brokerage also slashed its FY25-26 EBITDA estimates for the sector by 3-12 percent citing continued weakness in H1FY25.

Devyani International Shares Fall by 19.58% in 2024 - 01 Apr, 2024

ICICI Securities does not rate Devyani International, which saw a drop of 19.58% in its shares in 2024 and only a 5.4% rise in the past year. Sapphire has historically been valued at a discount compared to Devyani.

Devyani International Stock Outlook - 29 Mar, 2024

The region between ₹150 and ₹140 is a critical support zone. A bounce from this support zone could push the stock up to ₹160, while a rise above ₹170 may turn the outlook bullish with a target of ₹230-240 in the coming months.

Devyani International's ROCE in Line with Industry Average - 28 Mar, 2024

Devyani International has an ROCE of 11%, which is in line with the industry average. Returns generated on capital employed have grown considerably to 11% in the last five years, mostly due to underlying business performance. The company's ratio of current liabilities to total assets has decreased to 19%, reducing funding from short-term creditors or suppliers.

Devyani International Underperforms Due to Demand Slowdown - 21 Mar, 2024

Devyani International, a top quick service restaurant operator, has been one of the biggest underperformers in the Nifty Midcap index over the last year due to a demand slowdown and oversupply in the QSR sector. The high fixed costs of QSR formats have led to operating de-leverage impacting profitability.

UBS Initiates Coverage on Devyani International - 19 Mar, 2024

Devyani International receives a buy rating from UBS Research as it bets on India's growing discretionary spending and premiumisation.