External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Devyani International  / Equity Bottom-Up

<ul><li>Devyani International‘s (largest franchisee operator for KFC and Pizza Hut) 2QFY25 results were lower than our expectation despite decent show from International geography, owing to persistent weakness in Pizza Hut format b) Shraddh (inauspicious period) denting non-veg consumption, which in turn weighed on KFC SSSg</li><li>Weak performance in domestic was slightly offset by high single digit SSSg in costa coffee (8.7%) and low teen SSSg in Vaango.</li><li>India business: 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. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Devyani International‘s (largest franchisee operator for KFC and Pizza Hut) 2QFY25 results were lower than our expectation despite decent show from International geography, owing to persistent weakness in Pizza Hut format b) Shraddh (inauspicious period) denting non-veg consumption, which in turn weighed on KFC SSSgWeak performance in domestic was slightly offset by high single digit SSSg in costa coffee (8.7%) and low teen SSSg in Vaango.India business: 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. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Devyani International (2QFY25): One More Quarter of Disappointing Performance.