Devyani interactive share price: Devyani International, the operator of Pizza Hut, released its financial results for the company’s end ended December 2024 yesterday. In the December quarter, the company recorded a consolidated loss of Rs 49.2 lakh. This was completely reversed with a profit of Rs 9.6 crore in the same period last year. Despite the increase in the revenue, the company suffered a loss. The operation increased by 53 percent in the company’s revenue and the revenue increased to Rs 1,294 crore. One of its major factor was a foreign exchange loss of Rs 2.9 crore. It was contrary to foreign currency profits of Rs 3 crore in the quarter of a year ago. After the results yesterday, the stocks fell 5 percent to Rs 169 in the afternoon. After the results, Bernstein has given outperform ratings on the stock. While the city has given the opinion of shopping.
Brokerage on Devyani International
Bernsstein on Devyani International
Bernstein has given an outperform rating on Devyani International. Its target has been fixed at Rs 220. He says that recovery was seen in Q3 core business. The company has surprised the store edition. The company has added 101 new stores in India. KFC India SSSG was less than estimated. While Pizza Hut SSSG saw recovery. There was a decrease in the company’s gross margin on quarterly and annual basis
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Citi on Devyani International
City has taken a bullish view on Devyani International. City has given the opinion of shopping on stock. He has fixed the target of its stock at Rs 210 per share. He says that the company’s revenue/ebitda growth was more than estimated. Revenue/ebitda growth affected Thailand acquisition. In the third quarter, the company’s India business performance was sluggish. The new store edition will improve margins with softness. The company is seen in the right direction due to the preparation to launch 3 new brands
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