Weekly breakout with increased volumes [ Avoid ]
The issue with the stock is it is currently trading at High PE ratio. Buying at this juncture is not prudent considering the fact that topline is steady but bottom line is showing some concerns.
About
Devyani International Limited is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants in India on a non-exclusive basis and operate 655 stores across 155 cities in India as of March 31, 2021. In addition they are a franchisee for the Costa Coffee brand and stores in India.
The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut and Costa Coffee referred to as ”Core Brands“, and the business in India referred to as the “Core Brands Business“); stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and Nigeria (“International Business“). As of March 31,2021, the company operated 264 KFC stores and 297 Pizza Hut stores across India.
About
Devyani International Limited is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants in India on a non-exclusive basis and operate 655 stores across 155 cities in India as of March 31, 2021. In addition they are a franchisee for the Costa Coffee brand and stores in India.
The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut and Costa Coffee referred to as ”Core Brands“, and the business in India referred to as the “Core Brands Business“); stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and Nigeria (“International Business“). As of March 31,2021, the company operated 264 KFC stores and 297 Pizza Hut stores across India.
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