India, Sept. 5 -- The turnaround is becoming clearer in the numbers. The company is not only selling more but is also retaining more of that revenue as operating profit. Management is focusing on improving store productivity, shifting customers back to dine-in, controlling costs and getting the business ready for its proposed merger with Sapphire Foods.

The shares of Devyani International trade at around 139. The company had a market capitalization of roughly 17,163 crore, with a 52-week range of 91.55-191. The stock remains loss-making on a trailing basis, so its PE is currently not meaningful.

Revenue Growth Is Starting to Translate Into Better Profits Consolidated revenue from operations rose 16.5% year-on-year to 1,581 crore in Q1 ...