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Devyani International Ltd share Price

Company details

207.80
210.35
133.95
227.50
6M Return 51.50%
1Y Return 9.00%
Mkt Cap.(Cr) 25,193.88
Volume 1,217,108
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,217,108

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Restaurants company Devyani International announced Q1FY24 results:

  • In Q1FY24, revenue from operations increased by 12.1% on a QoQ basis, reaching Rs 8,466 million, led by new store additions and strong revenue contribution by KFC.
  • The reported EBITDA grew by 14.6% QoQ to Rs 1,734 million, resulting in an EBITDA margin of 20.5%.
  • The consolidated PBT got impacted because of significant currency devaluation in Nigeria. On a normalized basis, the PBT stood at Rs 603 million for Q1FY24 vs. Rs 412 million in Q1FY23.
  • The Company expanded its presence across brands and geographies, opening 47 net new stores in Q1FY24.
  • As of June 30, 2023, DIL operates 564 KFC stores, 525 Pizza Hut stores, and 123 Costa Coffee stores, with a total of 1,290 system stores across all geographies.

Commenting on the performance for Q1FY24 Ravi Jaipuria, Non-Executive Chairman, Devyani International said, "I am pleased to share that we have started the new fiscal year on a healthy note, despite facing challenges from a difficult macro environment and depressed consumer spending. Our commitment to “Customer First – Always”, driving product innovation, and enhancing scalability have been instrumental in supporting our overall consistent performance.

We are going to be opening 275 to 300 stores during the current fiscal year, as we continue working towards our ambitious target of reaching 2,000 stores by 2026. With a dedicated focus on customer satisfaction, innovation, and growth, we are poised for success in the dynamic and evolving QSR landscape.

Vaango, our own South Indian cuisine brand is shaping up nicely and we are bullish on this brand given the popularity of South Indian cuisine in the entire country. We have opened 52 stores in Vaango so far and Vaango is expected to be a Rs 1 billion brand by the end of the current financial year.

The consistent performance and potential of DIL India was acknowledged by Franchise India and DIL has been awarded the prestigious “Master Franchisee of the Year Award for 2023.”

 

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Devyani International Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 968.90 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,014.89 -11,775.55
LAST 3M 48,885.55 -315.90
LAST 6M 51,016.24 146,552.89
LAST 12M 134,434.58 164,088.22

Devyani International Ltd Information

Stock PE (TTM)
100.75
Promoter Holding
62.76%
Book Value
8.0357
ROCE
13.51%
ROE
17.96%
Description
  • The Company was originally incorporated as `Universal Ice Creams Private Limited` at New Delhi as Private Limited Company on December 13, 1991. Subsequently, name of the Company changed to `Devyani International Private Limited` and a fresh Certificate of Incorporation dated 07 June 2000, was issued by the RoC. Thereafter, the Company converted into a Public Limited Company and consequently, name of Company was changed to `Devyani International Limited` dated 09 May 2005. The Company is a multi-dimensional comprehensive quick service restaurant(QSR) player in India. The Company is primarily engaged in the business of developing, managing and operating quick service restaurants and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, etc., and retail stores of TWG Tea. As of March 31, 2023, the Company has 1,243 stores across India, Nepal and Nigeria. In 1997, the Company signed a development agreement with PepsiCo Restaurants International (India) Private Limited for opening Pizza Hut outlets in North India, pursuant to which it commenced operations of first Pizza Hut outlet in Jaipur. In 2002, it acquired Speciality Restaurants Private Limited. In 2003, Tricon Restaurants (India) Private Limited issued a letter of intent to our Company for opening Pizza Hut outlets in Kolkata. In 2004, Speciality Restaurants Private limited was merged in with the Company. In 2005, Company signed an International Development Agreement with Costa for opening Costa Coffee outlets in India. The first KFC store opened in Kolkata. In 2010, it opened the first KFC outlet in Nigeria. It opened e first KFC and Pizza Hut outlets in Nepal. Devyani Food Street Private Limited formed in a joint venture with Delhi International Airport Limited and the Company. In 2011, the Company launched its own brand for South Indian QSR- Vaango. In 2012, First Pizza Hut Delivery opened in Nepal. The Company acquired 60% stake in Delhi Select Service Hospitality Private Limited. IDBI Trusteeship Services Limited, acting through its Investment Manager, ICICI Venture Funds Management Company Limited invested Rs. 991.41 million in the Company. In 2015, it acquired Pizza Hut delivery stores from Yum India in Western and Southern India. In 2016, it acquired balance 40% stake in DFSPL from Delhi International Airport Private Limited for an aggregate consideration of Rs. 49.20 million. In 2017, it entered into a concession agreement with GMR Hyderabad International Airport Limited to operate and maintain the food court of Hyderabad Airport under the brand name `Food Street`. In 2019, it acquired 13 KFC outlets and 61 KFC outlets with Yum India during FY 2020. As on 31 March 2019, the Company has 6 subsidiaries and 1 joint venture company. As of March 31, 2021, the Company operated 264 KFC stores and 297 Pizza Hut stores across India. In August 2021, it extended partnership with Costa Coffee parent. As of March 31, 2022, the Company operated in total 892 stores across 204 cities in India. It opened 246 new stores in FY 2021-22. It has operations in Nepal and Nigeria through a network of 46 stores. During the year 2021-22, the Board of Directors of Company in their meeting held on December 13, 2021 amalgamated both subsidiaries, Devyani Food Street Private Limited and Devyani Airport Services (Mumbai) Private Limited, with the Company. As on 31 March 2022, the Company has 5 subsidiaries. In FY22, it added 100 new stores to reach 364 stores. During 2022-23, the Company opened 305 Net New Units (NNUs), as against the previous highest addition of 246 NNUs, taking the total store count to 1,243 and store count across core brands to 1,165. The Company`s portfolio as of FY 2023 stands at 543 stores for KFC, 510 stores for Pizza Hut and 112 stores for Costa Coffee. It added 138 KFC stores during the year; 93 Pizza Hut stores; 57 Costa Coffee stores and expanded the network by adding 126 new stores, reaching a total of 490 stores by year-end 2022-23. During 2023, the Company launched Flavour Fun Pizza. It launched 4 flagship stores. It introduced 13 stores for the international business and further launched the lunch menu at KFC.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543330
NSE Code : DEVYANI
Book Closure Date (Month) :
BSE Group : A
ISIN : INE872J01023

FAQ’s on Devyani International Ltd Shares

You can buy Devyani International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Devyani International Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 28, 2023 01:29 PM the closing price of Devyani International Ltd was ₹ 209.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 28, 2023 01:29 PM, the market cap of Devyani International Ltd stood at ₹ 25,193.88.

The latest PE ratio of Devyani International Ltd as of Sep 28, 2023 01:29 PM is 100.75

The latest PB ratio of Devyani International Ltd as of Sep 28, 2023 01:29 PM is 0.04

The 52-week high of Devyani International Ltd is ₹ 227.50 while the 52-week low is ₹ 133.95

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