Why Devyani International's entry into Thailand looks appetizing
QSRs in the Indian market are currently struggling to boost growth and an acquisition in the Indian market would have commanded a premium valuation19-12-2023
19-12-2023
Devyani International Ltd - 543330 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation18-12-2023
Devyani International Ltd - 543330 - Announcement under Regulation 30 (LODR)-Acquisition
The Company through its subsidiary in Dubai i.e. Devyani International DMCC has entered into Share Purchase Agreement and Shareholders Agreement and other transaction documents to acquire equity stakes in Restaurants Development Co., Ltd. and its holding companies, subject to regulatory and other approvals, if any. Further, Devyani International DMCC has also entered into Investment Agreement with the Company and Camas Investments Pte. Ltd., an affiliate of Temasek Holdings (Private) Limited.18-12-2023
Devyani International Ltd - 543330 - Disclosure Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Representative(s) of the Company shall participate in the enclosed event/ conference.25-11-2023
Devyani International Ltd - 543330 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Investor & Analyst Conference Call15-11-2023
Buy Devyani International; target of Rs 230 Sharekhan
Sharekhan is bullish on Devyani International has recommended buy rating on the stock with a target price of Rs 230 in its research report dated November 06, 2023.10-11-2023
Devyani International Ltd - 543330 - Disclosure Under The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Representatives of the Company shall participate in the enclosed events/ conferences09-11-2023
Devyani International Ltd - 543330 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication08-11-2023
Q2FY24 Quarterly Result Announced for Devyani International Ltd.
Restaurants company Devyani International announced Q2FY24 results: Financial Performance: - Consolidated revenue for Q2FY24 stood at Rs 8,195 million, reflecting a growth of 9.6% on a YoY basis. - EBITDA for Q2FY24 reached Rs 1,588 million, with an EBITDA margin of 19.4%. - Despite the challenging macro environment and low consumer sentiment, DIL added 68 net new stores in Q2FY24, bringing the total store count to 1,358. - The company remains bullish about achieving its target of 2,000 stores by 2026. Highlights: - The company continues to invest in its core brands and expand its reach to capitalize on growth opportunities in India. - DIL is present in over 240 cities in India, showcasing its wide geographical footprint. - The company is committed to its dynamic store expansion strategy, aiming to open 250-275 new stores in FY24. - As of September 30, 2023, DIL operates 594 KFC stores, 539 Pizza Hut stores, and 146 Costa Coffee stores, with a total of 1,358 system stores across all geographies. - Consistent progress is being made in investing in core brands and expanding reach to target consumers. Ravi Jaipuria, Non-Executive Chairman, Devyani International, said, “I am pleased to share that DIL has maintained its store expansion pace. We have opened 115 net new stores in H1 taking the total store count to 1,358 as on 30th Sep’23. Out of 115 stores in H1, we have opened 68 stores in Q2, across our brand portfolio. We are making consistent progress in investing in our Core Brands and expanding our reach to our target set of consumers to capitalize on the available growth opportunities in India. We are now present in more than 240 cities in India. High inflation across industries and categories from a macroeconomic perspective has led to a short-term impact on consumer sentiment and spending in the last few quarters. Despite this, our performance remains resilient, and we continue to invest in the business for long-term growth. We are hopeful that a rebound in consumer spending will take place in the next few quarters, positioning us for success in the dynamic and evolving QSR landscape.” He added, "In addition, our store expansion strategy stands as a testament to our belief in the long-term potential of the Indian QSR industry. Through our ongoing expansion efforts and a keen eye on emerging opportunities, we are well-positioned to seize this significant prospect, ensuring sustainable growth and value enhancement for all our stakeholders." Result PDF08-11-2023