Devyani International Ltd
NSE:DEVYANI

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Devyani International Ltd
NSE:DEVYANI
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Price: 148.07 INR 0.43% Market Closed
Market Cap: 182.6B INR

Devyani International Ltd
Investor Relations

Devyani International Ltd. is a significant player in the Indian food and beverage sector, as it has adeptly positioned itself as a formidable force in the quick-service restaurant (QSR) industry. As a leading franchise operator, Devyani International holds the master franchise rights for some of the most recognizable global brands, including KFC, Pizza Hut, and Costa Coffee in India, Nepal, and Nigeria. The company’s business model revolves around leveraging the power of these internationally acclaimed brands to capture the burgeoning demand for convenient dining options among urban and semi-urban consumers. Devyani International’s strategy hinges on the dual pillars of brand recognition and consumer accessibility, continuously expanding its footprint by opening new outlets and enhancing service efficiency to cater to its diverse customer base.

The revenue streams for Devyani International are largely driven by sales in its extensive chain of restaurants. The company’s operations are characterized by a tight focus on optimizing supply chain logistics, ensuring quality product delivery, and fostering customer loyalty through innovative marketing tactics and value-added services. Devyani has adeptly navigated the complex landscape of consumer preferences and competitive pressures by implementing data-driven strategies for menu innovation and localized offerings. While the primary source of income is through direct food sales in its outlets, an ancillary but significant component arises from collaboration agreements and partnerships, which further underscore its robust position in the fast-paced QSR industry.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 6, 2025
AI Summary
Q2 2026

Revenue Growth: Devyani International reported consolidated Q2 FY '26 revenue of INR 1,377 crores, up 12.6% year-on-year, driven by network expansion across key brands.

Margin Pressure: Gross margin for the quarter was 67.8%; operating EBITDA margin declined to 6.8% from 8.1% due to the consolidation of Skygate and higher aggregator/delivery costs.

Store Expansion: 30 new KFC and 3 new Pizza Hut stores opened in the quarter; management reaffirmed guidance for 100-110 new KFC stores this year.

Skygate Integration: Skygate continues to weigh on margins, but management is confident of achieving brand contribution breakeven by March 2026.

Festive & External Impact: Sales were impacted by coinciding festivals (Shraavana, Navaratri) and heavy rains in the East, especially for KFC.

Consumer Environment: Demand remains weak and value-focused, with promotions driving sales; management does not see a sustained pickup yet.

Thailand Business: International revenue grew 14% year-on-year, led by Thailand, though store rollout will be optimized due to negative same-store sales growth.

Key Financials
Revenue
INR 1,377 crores
Gross Profit
INR 933 crores
Gross Margin
67.8%
Brand Contribution Margin
11.7%
Operating EBITDA
INR 93 crores
Operating EBITDA Margin
6.8%
Reported EBITDA
INR 194 crores
Reported EBITDA Margin
14.1%
Total Store Count
2,184 stores
KFC India Net New Stores
30
Pizza Hut India Net New Stores
3
KFC India Revenue
INR 572 crores
KFC India Average Daily Sales (ADS)
INR 89,000
KFC India Gross Margin
68.1%
KFC India Brand Contribution Margin
14.1%
Pizza Hut India Revenue
INR 186 crores
Pizza Hut India ADS
INR 33,000
Pizza Hut India SSSG
-4%
Pizza Hut India Gross Margin
74.8%
Franchise Brands Revenue
INR 51 crores
Franchise Brands Gross Margin
73.6%
Own Brands Revenue
INR 86 crores
Own Brands Gross Margin
62.6%
International Revenue
INR 450 crores
International Gross Margin
64%
International Brand Contribution
INR 75 crores
International Brand Contribution Margin
16.7%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Virag Joshi
President, Group CEO & Whole-Time Director
No Bio Available
Mr. Manish Dawar
CFO & Whole Time Director
No Bio Available
Mr. Pankaj Kumar Virmani
Company Secretary & Compliance Officer
No Bio Available
Mr. Rajiv Kumar
General Manager of Investor Relations
No Bio Available
Aarti Marwaha
Chief Human Resource Officer
No Bio Available
Mr. Amitabh Negi
Chief Development Officer
No Bio Available
Mr. Arun Sharma
Chief Executive officer of Brand
No Bio Available
Mr. Shivashish Pandey
CEO - Yum Brands
No Bio Available
Mr. Sundeep Kumar Chugh
Brand Chief Executive Officer
No Bio Available
Mr. Sreejit Madhavan Nair
Chief Executive Officer of Costa Coffee
No Bio Available

Contacts

Address
HARYANA
Gurgaon
Plot no. 18 Sector 35, Near Hero Honda Chowk
Contacts
+911244643200
dil-rjcorp.com