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 a good investment?
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 business model of Devyani International?
The business is broadly classified into three verticals: core brands (includes stores of KFC, Pizza Hut and Costa Coffee operated in India) which contributed 81.95% of total revenue in FY 2021, International business (stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and ...