Devyani International Share Price Target 2026 — Analyst Forecast, Bull & Bear Case

The Devyani share price target 2026 is one of the most-searched investment queries for this stock — trading at Rs 148 against a 52-week high of Rs 240. The analyst consensus 12-month share price target stands at Rs 180–210 — implying 22–42% upside from current levels. This article covers the key catalysts, risks, technical levels, and analyst targets for Devyani International in 2026.

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Devyani International Share Price Overview — April 2026

Company	Devyani International
NSE Symbol	DEVYANI
Sector	QSR / KFC India / Pizza Hut / Costa Coffee
CMP	Rs 148
52-Week High	Rs 240
52-Week Low	Rs 110
Market Cap	Rs 17,700 Cr
Trailing P/E	neg
Dividend FY26	Nil
Promoter Holding	62.9%
FII Holding	14.8%
12M Target	Rs 180–210
Upside Potential	22–42%

Data from NSE/BSE and Screener.in. April 2026. Verify before investing.

What Is Devyani International?

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Devyani International (NSE: DEVYANI) is a leading company in India’s QSR sector with market capitalisation of Rs 17,700 Cr. At Rs 148 with a 52-week range of Rs 110–Rs 240, the stock offers 22–42% upside to the analyst consensus 12-month target of Rs 180–210. The company has built defensible market positions through consistent execution and sector expertise.

Budget 2026-27 Impact on QSR

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Union Budget 2026-27’s Rs 11.21 lakh crore infrastructure capex, continued PLI scheme support, and consumption demand incentives create a positive policy backdrop for Devyani International’s QSR business. Track sector developments on Univest Screener.

Devyani International Share Price Target 2026

Horizon	Target	Key Assumption
Short-Term (3–6 Months)	Rs 180	Q4 FY26 result beat + technical recovery
12-Month Consensus	Rs 180–210	FY27 earnings delivery + macro normalisation
Long-Term (FY27–28)	20–30% above 12M target	Full catalyst cycle + sector re-rating
Bear Case	Rs 110 zone	FY27 miss + FII selling + multiple compression

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5 Key Growth Catalysts for Devyani International

1. India Structural Growth — QSR Sector Tailwind

India’s QSR sector is expanding at 12–18% annually — driven by urbanisation, rising incomes, government capex, and the India consumption and manufacturing stories. Devyani International’s market position within this sector enables it to compound with the multi-year demand upcycle. FY27 is expected to deliver 15–18% revenue growth for well-positioned QSR players.

2. FY27 Earnings Recovery Trajectory

After FY26 headwinds (US tariff uncertainty, FII outflows, rate volatility), analyst consensus expects Devyani International to deliver 15–20% PAT growth in FY27 — driven by operating leverage, margin recovery, and sector re-rating. Q4 FY26 results and FY27 guidance are the primary near-term re-rating triggers. Track live on Univest Screener.

3. Market Share and Competitive Positioning

Devyani International holds a defensible position in its QSR segment through brand equity, manufacturing capability, distribution reach, or customer relationships. This competitive moat protects revenue during downturns and creates pricing power that enables margin expansion in upcycles.

4. RBI Rate Cut Cycle — Cost of Capital Benefit

India’s rate cut cycle (commenced 2026) reduces borrowing costs for both Devyani International and its end-customers. Lower consumer financing costs and corporate borrowing rates stimulate demand for QSR products and services — accelerating volume growth.

5. Budget 2026-27 Policy Support

Union Budget 2026-27’s continued PLI scheme support, Rs 11.21 lakh crore infrastructure capex, and consumption incentives create enabling macro for Devyani International’s QSR business. Regulatory clarity and government demand programmes reduce earnings uncertainty and improve investor confidence.

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5 Risk Factors Investors Must Watch

1. US Tariff and Global Macro Headwinds

The 26% US reciprocal tariff on Indian goods (April 2026) created FII outflow pressure across all Indian equities including Devyani International. If tariff negotiations fail to resolve, global demand slowdown would reduce earnings estimates by 5–10% and keep multiple expansion subdued.

2. Valuation at neg Demands Consistent Execution

At neg trailing P/E, Devyani International is priced for sustained earnings delivery. Any Q4 FY26 miss or FY27 guidance cut would trigger de-rating pressure — particularly given the current elevated broader market valuations.

3. Competition in QSR

Intensifying competition — from domestic players scaling and global companies entering India — could compress Devyani International’s pricing power and market share in its core QSR segments over the medium term.

4. Raw Material and Input Cost Volatility

Commodity prices, energy costs, and supply chain disruptions create quarterly earnings volatility. Devyani International’s ability to pass through input cost increases to customers determines the impact on gross margins in any given quarter.

5. FII Selling Risk — 14.8% FII Holding

With 14.8% FII ownership, Devyani International is exposed to global risk-off events that trigger institutional selling. FII exits can disconnect the stock price from fundamental value temporarily — creating volatility for retail investors.

Devyani International Bull Case vs Bear Case

Scenario	Target	Probability	Key Driver
Bull Case	210	Medium	FY27 beat; FII re-entry; sector re-rating
Base Case	Rs 180–210	High	FY27 in-line; stable macro; unchanged multiple
Bear Case	Rs 110 zone	Low	FY27 miss; prolonged FII outflow; compression

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Devyani International Analyst Ratings and Targets

Brokerage	Rating	12M Target	Thesis
MOFSL	Buy	Rs 177	FY27 recovery; QSR leadership
YES Securities	Buy	Rs 180	Quality execution; accumulate at support
Kotak Institutional	Add	Rs 170	Monitor FY27 guidance delivery
JM Financial	Neutral	Consensus	Await Q4 FY26 result clarity

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How to Invest in Devyani International Stock

Step 1: Research on Univest Screener

Visit univest.in/screeners and search DEVYANI. Review FII/DII activity, quarterly results, promoter holdings, and analyst ratings.

Step 2: Assess Entry Level

Devyani International at Rs 148 has key support near Rs 110. Plan entry near support with a stop-loss 8–10% below entry. First resistance is Rs 180.

Step 3: Monitor Q4 FY26 Results

Q4 FY26 results (April–May 2026) are the primary near-term catalyst. A PAT beat with positive FY27 guidance triggers re-rating toward 210.

Step 4: Position Sizing

Allocate a maximum of 3–5% of your portfolio to any single stock. Never invest more than you can hold through 2+ years of volatility.

Step 5: Set Alerts on Univest App

Download the Univest iOS App or Android App for live price alerts and SEBI-registered analyst research on Devyani International.

Conclusion

Devyani International at Rs 148 offers 22–42% upside to the 12-month analyst consensus of Rs 180–210. The bull case to 210 requires FY27 earnings delivery and macro normalisation. The bear case (Rs 110 zone) materialises only if FY27 guidance disappoints significantly. For more share price target analysis, visit Univest Blogs.

Disclaimer: Investment in the share market is subject to market risk. This article is for informational and educational purposes only and does not constitute investment advice. All analyst targets are estimates based on publicly available data as of April 2026 and are subject to change. Verify all numbers before investing. Consult a SEBI-registered financial advisor before making any investment decisions.

Frequently Asked Questions

Q: What is Devyani International share price target for 2026?

The 12-month analyst consensus Devyani International share price target is Rs 180–210 — implying 22–42% upside from CMP Rs 148. Bull case: 210+. Bear case: near Rs 110. These are analyst estimates, not guaranteed returns.

Q: Is Devyani International a good buy at Rs 148?

This article does not constitute investment advice. At Rs 148, Devyani International offers 22–42% potential upside to analyst consensus. Whether it is suitable depends on your risk tolerance, investment horizon, and portfolio context. Consult a SEBI-registered financial advisor.

Q: What is Devyani International’s 52-week high and low?

Devyani International’s 52-week high is Rs 240 and 52-week low is Rs 110. The current CMP of Rs 148 offers potential upside to the analyst consensus target of Rs 180–210.

Q: What sector is Devyani International in?

Devyani International (NSE: DEVYANI) operates in the QSR / KFC India / Pizza Hut / Costa Coffee sector. This sector is growing structurally in India, driven by urbanisation, government policy, and rising consumer and industrial demand.

Q: What is Devyani International’s market capitalisation?

Devyani International’s market cap is Rs 17,700 Cr as of April 2026. It is listed on NSE under the ticker DEVYANI.

Q: What are the main risks for Devyani International?

Key risks include: US tariff macro headwinds, valuation at neg requiring consistent execution, competition in QSR, and FII selling pressure (14.8% FII holding). Monitor quarterly earnings closely.

Q: What is Devyani International’s dividend for FY26?

Devyani International’s expected FY26 dividend is Nil. Track dividend declarations on NSE or the Univest Screener.

Q: How do I buy Devyani International shares?

Buy Devyani International (DEVYANI) through any SEBI-registered broker on NSE. Research on Univest Screener, set a price alert at Rs 110 support level, and download the Univest App for SEBI-registered analyst research alerts.

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