Devyani International: Sept ’22 Results Update
Moneylife Digital Team 22 November 2022
Sales of Devyani International (Devyani) in Q2FY22-23 were up by 44.76% y-o-y (year-on-year) and 6% q-o-q (quarter-on-quarter) to Rs 747 crore. The revenue growth was led by a combination of new store openings, pricing and volume growth. Gross margin declined by 90bps (basis points) q-o-q to 70.2%, due to high inflation even after taking price hikes in the previous quarters. Operating profit...
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