Devyani International Sees Significant Block Trade on NSE
Devyani International Ltd., a key player in the QSR industry, experienced a significant block trade on the NSE. Approximately 4,569,957 shares were traded at Rs. 170.48 per share, totaling Rs. 77.91 crores. This transaction is expected to impact the day's trading volume and may indicate strategic moves by institutional investors or major shareholders.
26May 25
Devyani International Faces Headwinds: Citi Adjusts Target Price Amid Q4 Challenges
Devyani International, a major QSR player, reported mixed Q4 results with 15.8% revenue growth to Rs 1,212.60 crore and narrowed losses to Rs 16.76 crore. Citi reaffirmed its 'buy' rating but slightly lowered the target price to Rs 209 from Rs 210. KFC's same-store sales growth slowed due to bird flu impacts and geopolitical factors. The company plans to add 110-120 new KFC stores and expects margin expansion to 20%. Despite near-term challenges, Citi remains confident in Devyani's long-term prospects.
23May 25
Devyani International Holds Off on Price Hikes Amid Consumption Slowdown
Devyani International, a major quick-service restaurant (QSR) player, has decided to maintain its current pricing strategy due to the ongoing consumption slowdown. The company revealed this decision during a recent conference call, citing market conditions as the primary reason. This move reflects a cautious approach to pricing in a challenging economic environment, prioritizing consumer affordability and market share retention over short-term revenue gains.
23May 25
Devyani International Reports Q4 Revenue Growth but Wider Losses
Devyani International's Q4 results show a 16% revenue increase to ₹1,213.00 crore and 43% EBITDA growth to ₹187.00 crore. The company opened 257 new stores and expanded its EBITDA margin to 15.40%. However, net loss widened to ₹14.70 crore from ₹7.50 crore year-over-year. The company also acquired KFC stores in Thailand, indicating strategic international expansion.
Devyani International Set to Acquire Biryani by Kilo, Expanding its Food Portfolio
Devyani International, operator of KFC and Pizza Hut in India, plans to acquire a controlling stake in Sky Gate Hospitality, which runs Biryani by Kilo. The board will meet on April 24 to consider this acquisition and discuss potential equity share issuance. This move marks Devyani's entry into the biryani market, diversifying beyond western fast-food chains. Analysts view this positively, citing potential value creation, growth opportunities, and operational synergies.
24Mar 25
Devyani International Shares See Significant Block Trade on NSE
A significant block trade of 3,714,266 Devyani International Ltd. shares occurred on the National Stock Exchange (NSE). The transaction was executed at Rs. 149.70 per share, totaling Rs. 55.60 crores. Devyani International, known for operating QSR brands like Pizza Hut, KFC, and Costa Coffee in India, saw this large-scale transaction which could potentially impact short-term trading patterns. While the identities of the buyer and seller remain undisclosed, such trades often precede important corporate announcements or reflect changing perspectives on the company's prospects.