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Devyani International: Add taste to your portfolio

Company has significantly strengthened its balance sheet through debt reduction, post the IPO in August 2021, and it is on track for a strong store expansion, going ahead.

October 19, 2021 / 10:51 PM IST
Devyani International: Add taste to your portfolio

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Devyani International Ltd (DIL; CMP: Rs 113; Market Cap: Rs 13,546 crore), the largest franchisee of Pizza Hut, KFC and Costa Coffee brands in India, is set to gain from the easing of COVID-19 restrictions. With a steep fall in COVID-19 cases and increased vaccinations, business activities have normalised. As educational institutions and businesses open, quick-service restaurant (QSR) players, such as DIL, stand to benefit. DIL has significantly strengthened its balance sheet through debt reduction, post the IPO in August 2021,...

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