DIL is witnessing signs of demand improvement in the current quarter and we expect it to reach the medium-term SSSG guidance of 6-7 percent for both KFC and Pizza Hut in H2FY24.
Highlights: Q4 margins impacted by subdued SSSG and rising operating expenditure DIL witnessing signs of demand improvement Menu innovation to boost SSSG Rapid store expansion on track Devyani International Ltd’s (DIL; CMP: Rs 181; Market cap: Rs 21,795 crore) margins in Q4FY23 were affected by increased input prices as well as increased operating expenditure in the scenario of subdued SSSG (same-store sales growth).
