Buy Devyani International; target of Rs 215: Motilal Oswal
Fri, Dec 20, 2024 2:12 PM

Buy Devyani International; target of Rs 215: Motilal Oswal

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Devyani International's CFO, Manish Dawar, expressed caution on near-term consumer sentiment due to high food inflation, competition, and geopolitical challenges, expecting underlying performance to remain similar to 1HFY25. However, KFC and Pizza Hut are expected to post better SSSG, driven by base benefits, with cost optimization efforts to improve restaurant operating margins.

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