India's Devyani International falls as core profit margin shrinks

Devyani International

05/08/2024 08:00

** Shares of Devyani International  DEVY.NS  down 2.6% to
173.3 rupees, eyes worst day since mid-May 
    ** The KFC India operator's Q1 core profit margin narrowed
to 18.3% from 20.5% a year ago 
    ** Net profit, rev from ops inched higher 
    ** Shares were trading ~1% lower ahead of results 
    ** Stock down amid a broader market sell-off with Nifty 50
 .NSEI  down 2.7%  .BO 
    ** Analysts avg rating on stock is "Buy", median PT is 180
rupees - LSEG data 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))