Devyani International - Near-Term Weakness Compels Us to Retain REDUCE
India growth was modest at ~6% in Q2, mainly led by store adds, as KFC/PH India SSG fell 6-7% on weak demand and negative sentiment in a few...
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Devyani International (2QFY25): One More Quarter of Disappointing Performance.
It saw muted 7% system sales growth owing to persistent pressure in core brands of KFC and Pizza Hut, which saw mid to high single digit decline.
167 Views
Devyani International: One More Quarter of Disappointing Performance. Maintain REDUCE
Devyani’s (DIL) 1QFY25 results were below our estimates owing to persistent weakness in core brands (KFC and PH) and lower-than-expected...
155 Views
Devyani International (1QFY25 Results Review): One More Quarter of Disappointing Performance.
Devyani’s (DIL) 1QFY25 results were below our estimates owing to persistent weakness in core brands (KFC and PH) and lower-than-expected...
194 Views
Devyani International (4QFY24): No Light at the End of the Tunnel. Maintain REDUCE
Further adding to woes, currency devaluation (Nigerian business) relating to international business dragged overall performance (consolidated...
175 Views