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
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,...