What does Devyani International do?
ABOUT US. Devyani International Limited is the largest franchisee of Yum Brands in India and is among the largest operators of quick service restaurants chain in India and operates 655 stores across 155 cities in India, as of March 31, 2021.
Is Devyani International Debt Free?
Devyani International Limited, a QSR player which was registered in August 2021 has posted robust Q2 results and also fulfilled one of the objectives of IPO of clearing off the debt. The company has turned profitable in Q2, has become a net-debt-free company, and also have given strong guidance as well.
Is Devyani International Indian company?
History. Devyani International Limited was incorporated in the year 1991, it’s situated in New Delhi, India. The company’s key people are Virag Joshi, Rajat Luthra, Amitabh Negi, Ravi Kant Jaipuria. Devyani International commenced in the quick-service restaurant business in India with franchise KFC, pizza hut, etc.
Who are the promoters of Devyani International?
Incorporated in 1991, Devyani International is led by Ravi Kant Jaipuria, promoter of RJ Corp and Virag Joshi, President and CEO. It is the largest franchisee of Yum Brands in India and operates quick service restaurant (QSR) brands such as Pizza Hut and KFC.
Is Devyani International profitable?
Devyani International advanced 3.34% to Rs 126.80 after the company reported a consolidated net profit of Rs 46.6 crore in Q2 FY22 as against a net loss of Rs 65.5 crore in Q2 FY21.
What are the products of Devyani International?
The company is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee. It also has its own brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar.
Can we hold Devyani for long-term?
It is expected to generate good returns as the growth potential of the industry is good once it operates at full capacity, he said. Therefore if allotted, investors can hold the stock for medium to long-term basis, however investors interested in listing gains can exit, Garg said.
Should I hold Devyani?
Devyani International: Momentum indicators like MACD and RSI, indicate that the momentum in the stock is likely to continue. We recommend a buy on Devyani above 143 with a target of 175. Investors are advised to maintain a Stop Loss below 110.
Which is the parent company of Devyani International?
Devyani International is an associate company of RJ Corp, the largest bottling partner of food and beverages (F&B) major PepsiCo. The company is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee.
Who is the owner of Pizza Hut in India?
Devyani International is led by Ravi Kant Jaipuria, promoter of RJ Corp and Virag Joshi, President and CEO. The company’s business is broadly classified into three verticals i.e. KFC, Pizza Hut and Costa Coffee. It operated 297 Pizza Hut stores, 264 KFC stores and 44 Costa Coffee across India, as of March 2021.
Which is parent company of Devyani International?
Who owns KFC franchise in India?
Actually, KFC’s parent company is Yum! Brands, Inc., and it is one of the world’s largest restaurant companies in the system restaurants category.
Is Devyani a Loss-making company?
The company is loss-making in the last three reported years, although EBIDTA margins are at a satisfactory level of 17.3 per cent over FY19-FY21. Additionally, the company’s cash flow generation has been impressive with cumulative OCF and FCF of Rs 820 crore and Rs 180 crore, respectively over FY19-FY21.
Should we invest in Devyani?
According to stock market experts, both stocks are strong from long-term perspective; but rate of return in Devyani International shares will be higher than Zomato shares. They advised fresh investors to buy Devyani International shares at around ₹120 to ₹125 levels for ₹200 target in next 6 to 8 months time-frame.
Can I invest in Devyani?
Should I hold or sell Devyani?
Devyani International: We recommend a buy on Devyani above 143 with a target of 175. Investors are advised to maintain a Stop Loss below 110.
Is Devyani a loss making company?
Is KFC owner Indian?
Founded in 1991, Devyani International is owned by Indian billionaire Ravi Jaipuria’s RJ Corp group. Jaipuria, who named the company after his daughter, has a net worth of $3.5 billion.