
Devyani International DEVY.NS falls 0.7% to 157 rupees
KFC and Pizza Hut operator posts 88% y/y slump in Q1 profit; rev from ops up 11.1% y/y
Brokerages see weakness ahead as margins remain under stress
Core profit margins contracted 15.1% from year-ago 18.3%, weighing on profitability
PhillipCapital ("Neutral"; PT: 162 rupees) sees higher marketing spends, rise in prices to weigh on profitability
Macquarie ("Outperform"; PT: 215 rupees) sees continued margin weakness across formats, limited near-term triggers
Stock rated "buy" on average; median PT is 190 rupees, per data compiled by LSEG
YTD, DEVY falls 14%