Brokerages Positive on Devyani International Amid KFC Growth, Sapphire Merger

Photo: NDTV Business

Brokerages maintain positive outlook on Devyani International, citing growth momentum at KFC India and the proposed merger with Sapphire Foods as key triggers. Despite uncertainty in Pizza Hut's recovery and challenges from rising input costs and subdued discretionary spending, five brokerages retain positive ratings. Q2 highlights include a net loss of Rs 24.2 lakh, 10.4% revenue growth to Rs 1,519 crore, and a 20.9% rise in EBITDA to Rs 233 crore with a 15.3% margin.

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