Among the individual stocks, Zomato hit a record high of Rs 153, up 9 per cent on the BSE in Friday’s intra-day trade, surging 13 per cent in past two trading days after the country’s largest listed foodtech company, surprised the Street with strong top-line performance in the September quarter in the India food delivery business, revenue for the company was up 140 per cent YoY.
Thus far in the month of November, the stock price of Devyani International has surged 37 per cent after it reported a consolidated profit after tax of Rs 46.6 crore in Q2FY22.
The company’s revenue from operations more-than-doubled or was up 124 per cent YoY at Rs 516 crore, on strong business recovery post Covid second wave.
It collaborates with Yum across various aspects of its operations for KFC and Pizza Hut for the franchisor’s brand protection and management including product innovation and development, brand strategy and technology initiatives.
Devyani is well placed to benefit from growing industry trends as it has a strong portfolio of highly recognized global brands which cater to a range of customer preferences.
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