Beat-upgrade cycle (likely) taking a pause for now; our (near) 5-year optimism (since 2016) is...
Key Jubi narratives now are - store expansion, industry-leading revenue growth, resilient margins, unlock-led recovery, digital capabilities, high...
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Building on strengths, growth prospects buoyant
Boosting its technological capabilities: In addition to its delivery and value moat, JUBI is boosting its technological moat to enhance its lead...
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Devyani IPO Trading - Strongest of the Lot
Devyani International Limited (DIL), Yum Brand’s largest franchisor in India, raised around US$250m via its Indian IPO. In this note we will talk...
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Devyani International IPO: First Day Trading
If shares open at around INR 141.0 per share (based on the grey market premium), Devyani International would be valued at 14.2x FY21 revenue...
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Devyani IPO - Still Some Upside on Un-Adjusted EBITDA Basis
Devyani International Limited (DIL), Yum Brand’s largest franchisor in India, aims to raise around US$250m via its Indian IPO. The IPO will be a...
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