Devyani International Ltd

The board of Devyani International at its meeting held on 06 November 2025 has approved the following: (i) Appointment of Souvik Sarkar as Head of Human Resources (Senior Management Personnel of the Company), with effect from 06 November 2025. (ii) Appointment of Anupam Kumar as EVP - Finance (Senior Management Personnel of the Company), with effect from 06 November 2025. Deepak Kumar - Head of Finance, earlier Senior Management Personnel, shall continue in a defined role in the finance function and shall report to Anupam Kumar. Powered by Capital Market - Live

The key equity indices traded with minor cuts in the mid-afternoon trade. Investors tracked ongoing Bihar election 2025, corporate earnings and economic data. The Nifty traded below the 25,550 mark. Realty shares tumbled for second consecutive trading session. At 14:25 IST, the barometer index, the S&P BSE Sensex declined 47.59 points or 0.06% to 83,419.87. The Nifty 50 index fell 62.95 points or 0.25% to 25,534.40. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.33% and the S&P BSE Small-Cap index fell 0.47%. The market breadth was weak. On the BSE, 1,188 shares rose and 2,960 shares fell. A total of 167 shares were unchanged. Economy: The seasonally adjusted HSBC India Services PMI Business Activity Index stood at 58.9 in October, comfortably above both the neutral mark of 50.0 and its long-run average of 54.3. October data showed softer, although still substantial, expansions in Indian services output and new business. While factors like demand buoyancy and GST (Goods and Services Tax) relief reportedly led to an improvement in operating conditions, competition and heavy rains constrained growth. HSBC India Composite PMI Output Index fell to 60.4 in October from 61.0 in September. There was also a weaker, albeit still substantial, upturn in aggregate sales. The rate of expansion was the softest in five months. For new orders and output, the slowdowns in growth were centred on the service economy as manufacturers actually registered quicker rates of expansion. Buzzing Index: The Nifty Realty index fell 1.27% to 948.85. The index dropped 2.04% in the two consecutive trading sessions. Anant Raj (down 3.49%), Godrej Properties (down 3.45%), Brigade Enterprises (down 2.46%), DLF (down 2.03%), Prestige Estates Projects (down 1.31%), Phoenix Mills (down 1.24%) and Oberoi Realty (down 0.02%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.47% to 6.499 from the previous close of 6.530. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.6400 compared with its close of 88.7700 during the previous trading session. MCX Gold futures for 5 December 2025 settlement rose 0.71% to Rs 121,376. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.15% to 100.02. The United States 10-year bond yield fell 0.38% to 4.143. In the commodities market, Brent crude for December 2025 settlement advanced 34 cents or 0.54% to $63.86 a barrel. Stocks in Spotlight: Devyani International (DIL) declined 2.105 after the company reported a mixed Q2 FY26 performance, with net loss widening to Rs 23.95 crore from Rs 4.92 crore in Q2 FY25, despite revenue growth driven by network expansion and steady demand. On a consolidated basis, revenue from operations increased 12.7% year-on-year to Rs 1,376.75 crore in the quarter ended September 2025. Indoco Remedies fell 1.70%. The company consolidated net loss narrowed to Rs 9.21 crore in Q2 FY26, compared with net loss of Rs 10.01 crore reported in Q2 FY25. Revenue from operations stood at Rs 471.83 crore in the second quarter of FY26, up 9.59% as against Rs 430.66 crore posted in Q2 FY25. Piramal Pharma rose 0.92%, The company reported a consolidated net loss of Rs 99.22 crore in Q2 FY26, compared with a net profit of Rs 22.59 crore recorded in Q2 FY25. Revenue from operations for the period under review declined 8.83% year-on-year (YoY) to Rs 2,043.72 crore. The YoY performance was impacted by inventory destocking by a customer in one large CDMO order.Powered by Capital Market - Live

Net loss of Devyani International reported to Rs 21.89 crore in the quarter ended September 2025 as against net profit of Rs 0.02 crore during the previous quarter ended September 2024. Sales rose 12.65% to Rs 1376.75 crore in the quarter ended September 2025 as against Rs 1222.16 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1376.751222.16 13 OPM %13.9516.01 - PBDT128.40135.21 -5 PBT-26.78-3.91 -585 NP-21.890.02 PL Powered by Capital Market - Live

On a consolidated basis, revenue from operations increased 12.7% year-on-year to Rs 1,376.75 crore in the quarter ended September 2025. Loss before tax stood at Rs 26.78 crore as against Rs 3.91 crore reported in the same period last year. EBITDA declined 2.2% YoY to Rs 194.3 crore, while the EBITDA margin slipped to 14.1% from 16.3% in Q2 FY25, reflecting cost pressures. Total expenses increased 14.4% year-on-year (YoY) to Rs 1,408.47 crore in Q2 FY26, driven by higher cost of materials consumed (up 18.6% YoY), employee benefits expenses (up 10% YoY), and other expenses (up 15.4% YoY). The company stated that it expanded its network to 2,184 stores during the quarter, adding 39 net new stores, including 30 KFC outlets in India. It also test-launched the Tealive brand with six stores in the country. Operations in Thailand continued to progress well, while the turnaround of Skygate remains on track, with brand contribution break-even targeted by March 2026. Ravi Jaipuria, non-executive chairman of Devyani International, said, 'Q2 saw the transition to GST 2.0'a historic move to simplify and harmonize the GST framework into a 2-tier structure. The initial signs are encouraging, with significant upside in consumption categories like automobiles and durables, while the impact on the QSR category has been minimal. The company has already passed on the benefits of reduced input costs to consumers. The company continued to expand its network with 30 net additions to KFC and 3 to Pizza Hut. It also rolled out the Tealive brand with 6 new outlets during the quarter as a test launch, receiving positive customer feedback. Biryani by Kilo and Goila Butter Chicken from the Skygate portfolio continued to perform well with strong post-Dussehra momentum. The integration of Skygate with DIL remains on track, with brand contribution break-even targeted by March 2026. Despite challenges like Shraavana, Navaratri, and unseasonal rains impacting out-of-home consumption, consolidated revenues grew 13% YoY to Rs 1,377 crore, supported by brand resilience and disciplined execution.' Devyani International (DIL) is the largest franchisee of Yum Brands in India and one of the country's leading quick service restaurant (QSR) operators. The company also operates Costa Coffee outlets across India under a franchise agreement. Shares of Devyani International shed 0.75% to Rs 158.50 on the BSE.Powered by Capital Market - Live

Devyani International will hold a meeting of the Board of Directors of the Company on 6 November 2025.Powered by Capital Market - Live

Devyani International has allotted 9,35,000 equity shares of the face value of Re. 1 each of the Company, to option grantee(s) upon exercise of options vested under the Employees Stock Option Scheme 2021 (ESOP 2021) of the Company.Powered by Capital Market - Live

Revenue from operations increased 11.05% quarter-on-quarter (QoQ) to Rs 1,356.97 crore in the June 2025 quarter. On a year-on-year (YoY) basis, the company's net profit dropped 87.74%, while revenue increased 11.05% in Q1 FY26. The company reported profit before tax (PBT) of Rs 2.94 crore, marking a turnaround from a loss before tax of Rs 22.35 crore on a QoQ basis. However, PBT declined 90.37% YoY. Total expenses rose by 13.82% to Rs 1,367.40 crore in Q1 FY26, compared to Rs 1,201.29 crore in Q1 FY25. The increase was due to higher cost of materials consumed (up 14.64% YoY), higher employee benefits expenses (up 19.54% YoY) and higher other expenses (up 14.52% YoY). EBITDA declined by 8.28% YoY to Rs 204.90 crore. The EBITDA margin also fell to 15.1% in Q1 FY26, down from 18.3% reported in Q1 FY25. The company stated that it opened 106 new stores in Q1 FY26, taking the total store count to 2,145 (including 105 stores of Sky Gate Hospitality). Additionally, the company invested Rs 103 crore in Sky Gate, increasing its stake to around 86.13%. The scaling up of new brands remains on track. During the quarter, it added 2 Tealive stores in Thailand and launched the first New York Fries store in Mumbai. Ravi Jaipuria, non-executive chairman of Devyani International, said, 'India's QSR industry is on a structural growth trajectory ' underpinned by rising urbanization, growing income levels, increasing digital adoption, increase in female work participation rate and a growing appetite for convenience esp. among younger consumers. While near-term macro factors have led to a phase of soft consumer demand, we see a better outlook for the industry in coming times. We are learning from the evolving consumer trends, and we need to reset our business to have a differentiated and compelling proposition for our consumers whether they are online or offline. We strongly believe that our industry will remain a prime beneficiary of evolving consumer behaviour. It's important that job creation continues in the economy with rising per capita income which will lead to higher consumption. Considering the significant market potential, we continue to execute on our long-term growth agenda. I am pleased to announce that we have concluded the acquisition of Sky Gate Hospitality ' which runs 'Biryani by Kilo' and 'Goila Butter Chicken' brands and increased our stake to 86.13% subsequently. This gives us access to market leading brands to expand our presence in the Biryani and Indian cuisine segment ' one of the largest food categories in the country. Sky Gate Hospitality has 105 outlets at present, and we are confident that these brands will be one of the key contributors to our expansion plans going forward. Our financial performance has been healthy. On a consolidated basis, Q1 revenues reached Rs. 1,357 Cr' a 11.1% YoY growth. This growth was driven by healthy growth from KFC, Costa and the Food Court business in India and supported by 11.2% YoY growth in the international business. Reported EBITDA came in at Rs. 205 Cr with EBITDA margins at 15.1%. The slight dip in margins was due to deleverage from lower ADS YoY and investments in marketing and promotions in the quarter. As one of the leading QSR players, we are well positioned to benefit from the rebound in consumer spending. Our multicuisine, multi-format strategy caters to a broad spectrum of consumer tastes, occasions, and price points, while diversifying away from any category or geography specific risks. It also enhances our ability to capture opportunities across varied markets and evolving consumer trends. With the strength of our brands and our execution capabilities, we are confident of our ability to deliver consistent growth. Our focus will remain on scaling profitably, strengthening both our core and emerging brands, and creating long-term value for all stakeholders.' Devyani International (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operates more than 2,000 stores across more than 280 cities in India, Nigeria, Nepal and Thailand, as of March 31, 2025. In addition, DIL is the sole franchisee for Costa Coffee, Tea Live, New York Fries and Snook Kitchen in India. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 60,000 restaurants in over 155 countries. Founded in London by Italian brothers Sergio and Bruno Costa in 1971, Costa Coffee is present in 41 countries around the world, with over 2,800+ coffee shops in the UK&I and 1,100+ globally Powered by Capital Market - Live

Net profit of Devyani International declined 87.74% to Rs 3.69 crore in the quarter ended June 2025 as against Rs 30.11 crore during the previous quarter ended June 2024. Sales rose 11.05% to Rs 1356.97 crore in the quarter ended June 2025 as against Rs 1221.90 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales1356.971221.90 11 OPM %15.1717.66 - PBDT152.61162.74 -6 PBT2.9430.53 -90 NP3.6930.11 -88 Powered by Capital Market - Live

Devyani International will hold a meeting of the Board of Directors of the Company on 13 August 2025.Powered by Capital Market - Live

Devyani International has completed the acquisition of additional equity stake in Sky Gate by investing an amount of ~ Rs. 103.25 crore. Consequently, the Company's equity stake in Sky Gate has increased to ~ 86.13%, on a fully diluted basis.Powered by Capital Market - Live