Buy Devyani International; target of Rs 210: Emkay Global Financial
Emkay Global Financial is bullish on Devyani International has recommended buy rating on the stock with a target price of Rs 210 in its research report dated May 03, 2022.
Buy Devyani International; target of Rs 210: Motilal Oswal
Motilal Oswal is bullish on Devyani International recommended buy rating on the stock with a target price of Rs 210 in its research report dated May 02, 2022. Earnings Call for Q4FY22 of Devyani International
Conference Call with Devyani International Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript. Devyani International Ltd - 543330 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, link of audio recording of Investors & Analysts Conference Call organized on May 02, 2022 post declaration of Audited Financial Results of the Company for the Financial Year ended March 31, 2022 is as follows: Link: https://www.dil-rjcorp.com/wp-content/uploads/2022/05/CDC1920220502140820.mp3 You are requested to take the above on record. Devyani International Ltd - 543330 - Regulation 30: Outcome Of Board Meeting
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (vi) To convene 31st Annual General Meeting ("AGM") of the Company on Tuesday, June 28, 2022, through Video Conferencing / Other Audio Video Means ("VC/ OAVM") facility, without the physical presence of the Members at a common venue. (vii) Register of Members and Share Transfer Books of the Company shall be closed from Tuesday, June 21, 2022 to Tuesday, June 28, 2022 (both days inclusive) for the purpose of 31st AGM of the Company. Devyani International Ltd - 543330 - Corporate Action - Book Closure For Annual General Meeting
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (vi) To convene 31st Annual General Meeting ("AGM") of the Company on Tuesday, June 28, 2022, through Video Conferencing / Other Audio Video Means ("VC/ OAVM") facility, without the physical presence of the Members at a common venue. (vii) Register of Members and Share Transfer Books of the Company shall be closed from Tuesday, June 21, 2022 to Tuesday, June 28, 2022 (both days inclusive) for the purpose of 31st AGM of the Company. Devyani International Ltd - 543330 - Appointment of Company Secretary and Compliance Officer
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (v) Appointment of Mr. Varun Kumar Prabhakar as Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company with immediate effect under the applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI (Prohibition of Insider Trading) Regulations, 2015 and other applicable Laws/Regulations. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - IV. Devyani International Ltd - 543330 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (ii) Due to retirement of existing Joint Statutory Auditors viz. M/s. APAS & Co. LLP, Chartered Accountants at the ensuing AGM of the Company, M/s. O P Bagla & Co. LLP, Chartered Accountants are appointed on rotation as Joint Statutory Auditors of the Company, subject to the approval of Shareholders of the Company. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - I. Devyani International Ltd - 543330 - Announcement under Regulation 30 (LODR)-Change in Management
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (iii) Appointment of Mr. Rahul Suresh Shinde as an Additional Director (designated as a Whole-time Director- DIN: 07166035) of the Company with immediate effect for a period of upto 5 (Five) years, subject to approval of Shareholders of the Company. (iv) Appointment of Mr. Prashant Purker as an Additional Director (in the category of Non-Executive Independent Director-DIN: 00082481) of the Company with immediate effect for a period of upto 5 (Five) years. Q4FY22 Quarterly Result Announced for Devyani International Ltd.
Restaurants firm Devyani International declares Q4FY22 result: FY22 (Consolidated): Revenue higher by 84% YoY to Rs. 20,840 mn EBITDA increases to Rs. 4,760 mn PAT stood at Rs. 1,551 mn Q4 FY22 (Consolidated): Revenue higher by 36% YoY to Rs. 5,907 mn EBITDA increases to Rs. 1,433 mn PAT stood at Rs. 759 mn FY 22 was a year of record performance for DIL, with our brands achieving significant milestones whereby KFC India crossed Rs. 1,000 Cr revenues & Pizza Hut clocked more than Rs. 500 Cr revenues this year. As on March 31, 2022, DIL operates 364 KFC stores, 413 Pizza Hut stores and 55 Costa Coffee stores in India. Including the own brands’ stores and international markets, total system stores stood at 938. Commenting on the performance for Q4 & FY22 Mr. Ravi Jaipuria, Chairman, Devyani International Limited said, “We ended the fiscal year on an encouraging note, registering healthy top-line performance, improved profitability, and enhanced store additions. In Q4 we maintained the pace of our store growth opening 54 net new stores taking the total system store count to 938. With this In FY 22 we have opened 246 net new stores. In fact, FY 21-22 has been a record year performance for DIL from the point of view of Store Openings, Revenues and Profitability. The strength of our brands and strong store expansion led our top-line higher by 84% YoY to Rs. 20,840 million. On the profitability front, EBITDA (Post INDAS) increased to 4,761 million, more than 2x on a Y-o-Y basis, translating to margins at 23%. DIL undertook calibrated price increases to mitigate the inflationary input pressures on its core brands. We plan to undertake judicious price hikes across our portfolio to efficiently absorb some of the cost pressures. We are pleased to share that we have launched several new products and innovative campaigns within our core brands during the quarter. KFC launched the 'KFC Bucket Canvas' campaign and released a unique product, the KFC Biryani Bucket. Pizza hut came out with their original San Francisco Thin crust pizza. All these new launches have reported good consumer acceptance and we look forward to upscaling this in the coming months. Costa Coffee, too, is set to launch a whole new range of drinks & refreshers for this summer season. Looking ahead, DIL has all the elements in place to capitalize on the fast-growing Indian QSR industry. Our comprehensive brand portfolio, improving market reach, solid financial discipline, and operational excellence, continue to hold us in good stead. Overall, we are on course to achieve our growth objectives and are confident of creating long-term sustainable value for all our stakeholders.” Result PDF