Who is the owner of Devyani International?
RJ Corp LimitedDevyani International / Parent organization
Ravi Jaipuria is an Indian billionaire and chairman of RJ Corp. He owns fast-food outfit Devyani International, a franchisee for brands such as KFC, Pizza Hut, Costa Coffee and TWG Tea.
What does Devyani International do?
Devyani International is an associate company of RJ Corp, the largest bottling partner of food and beverages (F&B) major PepsiCo. The company is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee.
Is Devyani International profitable?
Devyani International advanced 3.34% to Rs 126.80 after the company reported a consolidated net profit of Rs 46.6 crore in Q2 FY22 as against a net loss of Rs 65.5 crore in Q2 FY21. It recorded healthy growth in International business, which registered a revenue growth of 90% YoY to Rs 500 crore.
Why Devyani share is increasing?
Devyani International with its multiple strong and well recognized western and Indian QSR brands stand to gain the most as the company continued to expand its footprint in India, the management said. “Devyani’s KFC business enjoys strong brand equity due to its unique offerings.
Is Devyani good for long term?
According to stock market experts, both stocks are strong from long-term perspective; but rate of return in Devyani International shares will be higher than Zomato shares. They advised fresh investors to buy Devyani International shares at around ₹120 to ₹125 levels for ₹200 target in next 6 to 8 months time-frame.
What is the future of Devyani International?
Earnings before interest, tax, depreciation and amortization (ebitda) grew 175 per cent YoY at Rs 123 crore, and margins improved to 23.9 per cent from 19.49 per cent in Q2FY21. The company’s management said that the foodservice industry is expected to grow at a CAGR of 12 per cent to 15 per cent in future.
Is Devyani a loss making company?
The company is loss-making in the last three reported years, although EBIDTA margins are at a satisfactory level of 17.3 per cent over FY19-FY21. Additionally, the company’s cash flow generation has been impressive with cumulative OCF and FCF of Rs 820 crore and Rs 180 crore, respectively over FY19-FY21.
Is Devyani debt free?
The funds are mainly going to be used for repaying debt. The company will practically become debt free after this and the company will generate enough cash for the growth it needs. So, the company will not need to further dilute or borrow for expansion plans, says Ravi Kant Jaipuria, Chairman, Devyani International.
Is Devyani share good to buy?
Choice Equity Broking is bullish on Devyani International has recommended buy rating on the stock with a target price of Rs 195 in its research report dated November 24, 2021.
Is Devyani International Small Cap?
Devyani International Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 22469.16 Crore) operating in Tourism & Hospitality sector. Promoters held 62.91 per cent stake in the company as of 30-Sep-2021, while FIIs owned 7.86 per cent, DIIs 4.82 per cent.
Is Devyani International in loss?
Devyani International fell 1.79% to Rs 164.60, extending losses for tenth day in a row. The stock has lost 13.87% ten sessions, from its recent closing high of Rs 191.10 recorded on 14 December 2021. In the past three months, the stock has added 39.03% while the benchmark Sensex has lost 4.42% during the same period.