Devyani International gains 7%, hits over 6-month high on strong Q1 results

The strong store additions coupled with early signs of demand revival supported growth during the quarter.

Shares of Devyani International (DIL) hit an over six-month high of Rs 188.40, gaining 7 per cent on the BSE in Wednesday’s intra-day trade after the company reported a strong performance across its core brands in the quarter ended June 2022 (Q1FY23).

The stock of the quick service restaurant (QSR) company was trading at its highest level since January 21, 2022. In the past one week, it has rallied 21 per cent as compared to a 4 per cent rise in the S&P BSE Sensex. The stock had hit a record high of Rs 199 on December 14, 2021.