India's Devyani International down on Q3 revenue miss

Devyani International

02/02/2024 08:34

** Shares of Devyani International  DEVY.NS  fall 2.7% to
173.1 rupees
    ** Operator of KFC restaurants in India posts its slowest
revenue growth since listing in Sept. 2021, misses revenue
estimates
    ** Consol profit down nearly 87% 
    ** More than 2.9 mln shares change hands, 1.5x the 30-day
avg
    ** 17 analysts covering the stock on avg have a "buy" rating
    ** Stock currently trading at ~16% discount to median PT of
205 rupees - LSEG data
    ** Stock down 3.1% so far this week; on track for five
consecutive weekly fall, if trend holds


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))