BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
Devyani International Ltd. is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants in India on a non-exclusive basis.
Devyani International operates 696 stores across 166 cities in India, as of June 30, 2021.
In addition, the company is a franchisee of the Costa Coffee brand in India, which is owned by Costa, and operated 44 Costa Coffee stores as of June 30, 2021.
The company also operates KFC and Pizza Hut stores in Nepal, and KFC stores in Nigeria, on a non-exclusive sole franchisee basis.
Given the prevailing opportunities in QSR industry, change in delivery mechanism and the company’s focus on implementation of technology to increase footfall and improving operational efficiency, rightsizing stores, store expansion in new areas, resulting into improving unit metrics and reduction of debt, we expect Devyani International to be a key beneficiary of the same.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.