Devyani International IPO - Investment Rationale, Key Risks, Concerns: ICICI Direct

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. .ICICI Direct's IPO Report.Devyani International Ltd. is among the earliest and largest operators of quick service restaurants in India. The company is the largest franchisee of Yum brands in India and operates brands KFC and Pizza Hut under its banner. In addition, Devyani International is also a franchisee of Costa Coffee in India. Core brands (KFC, Pizza Hut and Costa Coffee) contribute ~94% to its topline while the rest comes from international operations and other business (own brand such as Vaango and Food Street). The core brands store counts grew at a compound annual growth rate of ~14% in the last two years to 605 stores by March 2021. The store count reached 645 by June 2021 as the company continued its focus on adding core brand stores amid pandemic. .Click on the attachment to read the full IPO report:.DISCLAIMERThis 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.

Devyani International IPO - Investment Rationale, Key Risks, Concerns: ICICI Direct

Devyani International IPO - Investment Rationale, Key Risks, Concerns: ICICI Direct

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