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Subscribe to Devyani International: KR Choksey

KR Choksey has come out with its report on Devyani International. The research firm has recommended to ''Subscribe'' the ipo in its research report as on August 03, 2021.

August 03, 2021 / 11:49 PM IST
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KR Choksey IPO report on Devyani International

Devyani International Limited or “DIL" is the largest franchisee of Yum Brands in India and is amongst the largest operators of chain quick service restaurants in India and are among the largest operators of chain quick service restaurants (“QSR”) in India on a non-exclusive basis, and operate 696 stores across 166 cities in India, as of June 30, 2021. In addition, DIL is a franchisee of the Costa Coffee brand in India, which is owned by Costa, and operated 44 Costa Coffee stores as of June 30, 2021. DIL has other operations in the F&B industry, including stores of their own brands such as Vaango and Food Street.

Valuation and Outlook

Hence, we should remain watchful for the company’s performance in next couple of years.

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