Devyani International's Acquisition of Sky Gate Hospitality: A Strategic Move for Accelerated Growth
Devyani International enters Biryani market with acquisition of Sky Gate, valued at INR 4.19 billion. Challenges in the segment include regional...
349 Views
Devyani Intnl.: Yum Brands India Franchisee to Acquire Cloud Kitchen Operator. In Pursuit of Growth
As off‑premise dining surges and traditional restaurants stall, India’s cloud kitchens are booming—Devyani’s acquisition of delivery first Biryani...
511 Views
Devyani International (3QFY25): Relatively Softer Vs Closest Peers. Maintain REDUCE
Devyani International‘s (largest franchisee operator for KFC and Pizza Hut) 3QFY25 results were broadly in line with our estimates as core brands...
269 Views
Travel Food Services IPO - RHP Updates & Thoughts on Valuation
Travel Food Services (TFS) is looking to raise about US$233m in its India IPO. In this note, we will talk about the RHP updates and IPO valuations.
320 Views
Travel Food Services: $250M OFS, Niche Travel QSR but Valuations Seem Full Amidst near Term Weakness
TFS dominates Indian airport QSR and lounge market and is looking to grow aggressively across Asia, fair IPO valuation leaves limited room for...
452 Views