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Devyani International
SectorConsumer Services
Devyani International Limited is a multi-dimensional quick service restaurant (QSR) player in India. The company develops, manages, and operates QSRs and food courts for brands including Pizza Hut, KFC, Costa Coffee, and Vaango. As of March 31, 2023, it operates 1,243 stores across India, Nepal, and Nigeria. The company's portfolio includes 543 KFC stores, 510 Pizza Hut stores, and 112 Costa Coffee stores. Devyani International holds franchisees for Yum Brands in India and has expanded to Nigeria, Nepal, and Thailand. The company also operates its own South Indian QSR brand, Vaango, and manages retail stores for TWG Tea. It has experienced significant growth, opening 305 new units in 2022-23, and operates across 204 cities in India.
In the news
Devyani International rallies 4% after Sapphire Foods merger revision
Indian Hotels Q1 RevPAR Grows 11-13% YoY Amid Domestic Recovery
India's Burger War Escalates: Coffee Becomes New Growth Engine
Corporate Pricing, Inflation, and RBI’s Tightrope Walk
Devyani International Q1: Record EBITDA Drives 4.2% Stock Jump
Devyani International Q1 profit zooms to ₹14.7 crore, shares surge 6.5%
Pizza Hut India sale to LongRange Capital sparks turnaround hopes
Devyani, Sapphire shares surge 9% on BSE-NSE merger approvals
Devyani International shares down 2.92% despite brokerage bullishness
Devyani International posts ₹10.04 cr Q4 loss, sales up 18.5%
Devyani International Q4 loss narrows to ₹10 cr on strong KFC sales
United Spirits Q4 profit surges 27% to ₹5.71 billion on premium demand
Devyani invests ₹347 cr in Thailand KFC franchise operator
Devyani International shares surge 16% as own brands drive growth
Devyani International Surges on Multiple Buy Ratings, Targets ₹180
Devyani International Stock Soars 8% on Jefferies Upgrade, Q3 Loss Widens
Devyani-Sapphire Merger Creates India's Largest QSR Entity
Devyani surges 8% as Sapphire merger creates India's largest QSR platform
ITC Hits 3-Year Low as Seven Brokerages Issue Downgrades
Devyani-Sapphire Merger Gets Board Approval, Shares React
Company insights, generated from the most recent coverage.
KFC margins sit near 17% against a 20% management target, but the path there is inflation-dependent with no committed timeline — margin expansion is an aspiration, not a forecast.
Selling clustered right after the Jefferies India Forum (Sep 14) and Nuvama Forum (Sep 21) investor meets — a classic sell-the-news pattern as institutions reassess after hearing management directly.
Down 8.8% over 1 month and 25% below its 52-week high, with 1-year return of -23.2% — the stock is in a sustained correction, so small intraday falls get amplified by stop-loss selling.