Reports On Company: Devyani International Ltd
| Devyani International riding on the strong business momentum in core brand business. Buy for target of Rs 220: HDFC Securities | |
| Company: | Devyani International Ltd |
| Brokerage: | HDFC Sec |
| Date of report: | November 30, 2022 |
| Type of Report: | Initiating Coverage |
| Recommendation: | Buy |
| Upside Potential: | 18% |
| Summary: | A strong recovery in the out-of-home consumption, rising traction for branded products, aggressive store expansion plans, value proposition through an innovated menu and widening delivery reach will help DIL’s revenues clock a CAGR of 36% over FY22-24E (~23% increase due to store count) |
| Full Report: | Click here to view full post with link to download pdf file |
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