Devyani International Ltd’s Q3 revenues and Ebitda were broadly inline with our modest estimates. KFC same store growth (SSG) was muted at 3%, with Pizza Hut (PH) worse at (-6%). ADS was impacted by weak demand, dilution due to new store adds & downtrading. Gross margins declined to a multi-quarter low. Store adds guidance unchanged […]
There has been a sharp spike in edible oil imports during the first five months of the current oil year (November-December) due to softening global prices of palm, soybean and sunflower oils. According to the Solvent Extractors’ Association of India (SEA), edible oilhttps://www.financialexpress.com/about/edible-oil/ imports rose by 23.7% to 6.98 million tonne (MT) during the November-March […]
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