Street View: Early signs of turnaround at KFC India operator despite wider Q3 loss

Devyani International

05/02/2026 04:31

** India's Devyani International DEVY.NS reports increase in quarterly loss due to a one-time charge, names CFO as next CEO (Full Story)

** Shares of KFC India operator jump 6.6% to 131.33 rupees

EARLY RECOVERY SIGNS, BUT SUSTAINABILITY IN FOCUS

** JPMorgan ("overweight", PT: 155 rupees) says EBITDA beat estimates on better margins and notes same-store sales trends improved sequentially, turning positive in January for most formats

** Goldman Sachs ("buy", PT: 160 rupees) flags positive January same-store sales but says it is "too early" to call a sustained recovery

** UBS ("buy", PT: 170 rupees) sees an "emerging turnaround", helped by pricing, promotions and product interventions, says improving profitability in KFC and a rationalised Pizza Hut network could aid growth

** Bernstein ("outperform", PT: 160 rupees) says resolving leadership uncertainty a key positive, cautions recovery could take 4–6 quarters amid operational challenges

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))