Devyani International Q3 Results Review: Motilal Oswal Retains 'Buy' On The Stock, Sees 27% Upside— Here's Why

Devyani is focusing on innovation, customer engagement, and value offerings to drive recovery. Also, government measures for the middle class in the budget could support demand revival. However, ADS and SSSG recovery remain key monitorables, as they are vital for improving unit economics..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Devyani International Ltd.’s consolidated revenue grew 54% YoY (in line) in Q3 FY25, led by a recent acquisition in Thailand. India revenue was up 10% YoY, despite 20% YoY store expansion, which was offset by weak samestore sales growth across brands. KFC revenue grew 9% YoY, supported by 17% store expansion, though offset by a 4% decline in same-store sales (-3% for Sapphire). Pizza Hut revenue rose 6% YoY, with 14% new store additions, while SSSG declined 0.8% YoY (+5% for Sapphire). Costa Coffee’s revenue rose 30% YoY, with 36% YoY store addition and 5% SSSG. India reported operating margin was flat YoY at Rs 1.2 billion and margin contracted 140bp YoY to 13.9%, owing to operating deleverage. KFC’s ROM contracted 170bp YoY to 17.2% (18.2% for Sapphire) and PH’s ROM contracted 400bp YoY QoQ to 2.1% (4.7% for Sapphire). .Click on the attachment to read the full report:.Grasim Q3 Results Review: Motilal Oswal Reiterates 'Buy' On The Stock, But Lowers Target Price — Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Devyani International Q3 Results Review: Motilal Oswal Retains 'Buy' On The Stock, Sees 27% Upside— Here's Why

The stock price has been flat for the last three years owing to growth challenges, Motilal Oswal reiterates Buy rating

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