Devyani International Ltd

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

Devyani International announced that the 34th Annual General Meeting(AGM) of the company will be held on 28 July 2025.Powered by Capital Market - Live

Net Loss of Devyani International reported to Rs 14.74 crore in the quarter ended March 2025 as against net loss of Rs 7.47 crore during the previous quarter ended March 2024. Sales rose 15.81% to Rs 1212.59 crore in the quarter ended March 2025 as against Rs 1047.08 crore during the previous quarter ended March 2024. For the full year,net profit declined 80.64% to Rs 9.15 crore in the year ended March 2025 as against Rs 47.26 crore during the previous year ended March 2024. Sales rose 39.22% to Rs 4951.05 crore in the year ended March 2025 as against Rs 3556.32 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1212.591047.08 16 4951.053556.32 39 OPM %15.3212.44 -16.3715.66 - PBDT129.4387.92 47 582.66402.49 45 PBT-22.35-37.99 41 12.7917.67 -28 NP-14.74-7.47 -97 9.1547.26 -81 Powered by Capital Market - Live

However, revenue from operations increased 15.80% year-over-year to Rs 1,212.59 crore in the March 2025 quarter. Loss before tax was Rs 22.35 crore in Q4 FY25, compared to a loss of Rs 37.99 crore in the same period a year ago. Total expenses rose by 13.50% to Rs 1,247.90 crore in Q4 FY25, compared with Rs 1,099.40 crore in Q4 FY24, due to higher cost of materials consumed (up 18.38% YoY), higher employee benefits expense (up 10.36% YoY), and higher other expenses (up 15.58% YoY). EBITDA declined by 13.39% YoY to Rs 173.9 crore. The EBITDA margin remained flat at 16.6% in Q4 FY25, compared to the same period last year. On a full-year basis, the company's consolidated net profit tumbled 80.63% to Rs 9.21 crore on a 39.21% increase in revenue from operations to Rs 4,951.05 crore in FY25 over FY24. The company stated that it opened 257 net new stores in FY25, compared to 539 net new stores in FY24. The FY24 figure includes 283 Thailand KFC stores acquired on 18 January 2024. Ravi Jaipuria, non-executive chairman of Devyani International, said, 'We are pleased to report that DIL continues to demonstrate strong momentum in its growth journey' both organically and through strategic acquisitions. During FY2025, DIL reported consolidated revenue of Rs 4,951 crore, registering a robust 39.2% YoY growth. This performance was primarily driven by the strategic acquisition of KFC stores in Thailand and supported by ongoing store expansion in India. The company's EBITDA margin stood at 17%, while absolute EBITDA increased by 29.1% over FY24. Most recently, we announced the acquisition of Sky Gate Hospitality (owners of Biryani By Kilo & other brands) marking our entry into another high-potential food category. This acquisition further strengthens our overall brand portfolio and deepens our well laid out strategy. During the year, we also tied up with three international brands i.e. New York Fries, Tealive, and Sanook Kitchen. We are proud to share that we have recently opened the first NYF (New York Fries) store in Mumbai. This marks the beginning of our expansion with the new brands, with several more stores coming in the current year. Our store expansion strategy has been instrumental in driving growth and reinforcing our market leadership. By following a balanced approach of scaling our footprint while maintaining rigorous store level performance standards, we successfully added 257 net new stores during FY'25, taking our total Q4 & FY25 (Consolidated) DIL remains committed to its Strategic Growth Plan: - Plan to complete acquisition of controlling stake in Sky Gate shortly - Added 257 new stores in FY 2025. The total store count stands at 2,039, consolidated revenue at Rs 49.5 billion, growth of 39.2% vs FY24 - PBT at Rs 12.8 crs in FY25 vs Rs 3.7 crs in FY24, growth of 248% presence to 2,039 stores as of March 31, 2025. We have achieved our store rollout targets across all brands, reflecting disciplined execution and strong operational capabilities. As one of the leading players in the Indian QSR sector, we are well-positioned to capitalize on the anticipated recovery in the industry. Overall, we remain confident in our strategy, execution capabilities, and 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), among the fastest growing Chain Quick Service Restaurant (QSR) operators in the country, is the largest franchisee for Yum Brands (KFC & Pizza Hut) in India. The Company is also the sole franchisee for Costa Coffee Brand and stores in India. In addition, DIL caters to the South Indian vegetarian food lovers with Vaango, launched over a decade ago and is a prominent Brand in the Food Retail Business (FRB) category with its Food Courts. DIL has a strong presence across Airports in India where it serves a variety of F&B offerings. The counter rose 0.14% to Rs 180.95 on the BSE. Powered by Capital Market - Live

Devyani International will hold a meeting of the Board of Directors of the Company on 23 May 2025.Powered by Capital Market - Live

Devyani International announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 17 May 2025.Powered by Capital Market - Live

Devyani International has announced the acquisition of controlling stake in Sky Gate Hospitality ('Sky Gate') along with its three brands i.e. 'Biryani By Kilo', 'Goila Butter Chicken', and 'The Bhojan'. This strategic move aims to enhance DIL's presence in the Indian cuisine segment by integrating these well-established brands into its portfolio. Founded in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate has emerged as a strong player in India's food delivery sector. Sky Gate is amongst the first ones to introduce the 'Handi Biryani' concept and deliver freshly prepared biryani. Its flagship brand, Biryani By Kilo (BBK), is one of the leaders in the organized biryani market, offering authentic, dum-cooked biryanis prepared to order and delivered in traditional handis. Under the leadership of Roy and Jindal, Sky Gate has expanded its reach over 100 stores across 40+ cities, catering to the diverse culinary preferences of Indian consumers. This strategic move aligns with DIL's vision to diversify its offerings and deepen its strategy with respect to House of Brands. With this acquisition, DIL's brand portfolio now encompasses 10 strong and diverse food and beverage brands. This includes recent additions like Tealive, Sanook Kitchen and New York Fries. The acquisition of Biryani By Kilo, Goila Butter Chicken and The Bhojan, strengthens DIL's leadership position as one of the fastest-growing QSR chains in India. Powered by Capital Market - Live