Pizza Hut Has A Tamil Nadu Playbook. But Why Its India Turnaround Is Still A Work In Progress?
Devyani International is in focus.
· NDTV Profit
Sapphire Foods' focus on food quality, value offers and dine-in customers has delivered encouraging results in Tamil Nadu. But its Pizza Hut business remains loss-making at the restaurant level, while Devyani International pursues a separate reset.
The analysis
Against that, the stock is -1.6% on the day at ₹117.38, and has returned +7.9% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The hotels & restaurants sector has moved +0.4% over the same period, so Devyani International is running 7.5 points ahead of its peers.
For Devyani International, the question is how much of this is already reflected in the price and how much re-rates the hotels & restaurants peer set alongside it.
Market context
- The company directly in focus is DEVYANI.
- Sector exposure: Hotels & Restaurants.
- The immediate tone of coverage reads negative.
In this story
Related coverage
Why are mid, small-caps bleeding? Indices crash up to 4% - Swiggy, Meesho, Vedanta Aluminium, MCX lose big
iPhone Duo Gets Sold On Blinkit Within 5 Minutes, Albinder Dhindsa Says Working On Getting More Stock
Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart
Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Eternal Q2 earnings: Net profit rises 92%, revenue at Rs 24,138 crore