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Informist, Wednesday, Jul. 29, 2026

 

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--Devyani Intl Apr-Jun consol net profit INR 146.47 mln 
--Analysts saw Devyani Intl Apr-Jun consol net profit INR 120.25 mln 
--Devyani Intl Apr-Jun consol revenue INR 15.81 bln 
--Analysts saw Devyani Intl Apr-Jun consol revenue INR 15.88 bln 
--Devyani Intl Q1 consol net profit INR 146.47 mln vs INR 36.88 mln yr ago 
--Devyani Intl Q1 consol revenue INR 15.81 bln vs INR 13.57 bln yr ago 
--Devyani Intl: KFC same store sales growth at 3.3% in Apr-Jun 
--Devyani Intl Apr-Jun consol EBITDA INR 2.55 bln vs INR 2.05 bln yr ago 
--Devyani Intl: Costa Coffee same store sales growth at 10.2% in Apr-Jun 
--Devyani Intl Apr-Jun consol EBITDA margin 16.1% vs 15.1% yr ago 
--Devyani Intl store count 2,255 on Jun 30  vs 2,145 year ago
 

 

By Shakshi Jain

 

NEW DELHI – Devyani International Ltd. Wednesday posted a near-fourfold year-on-year jump in consolidated net profit for the June quarter due to a moderate rise in revenues as total expenses rose slightly slower. The bottom line also received support from higher other income for the quarter, partially offset by a smaller deferred tax credit year-on-year.

 

The consolidated net profit surpassed the Street's expectation by a considerable margin but the revenue from operations was just a notch below analysts' consensus estimate.

 

The quick-service restaurant chain operator's consolidated net profit rose over 297% on year to INR 146.47 million in the June quarter. The company had posted a loss of over INR 100 million in the March quarter. Analysts' consensus estimate had pegged the bottom line at INR 120.25 million for the three months. 

 

Devyani International's consolidated revenue from operations rose over 16% on year and 10% sequentially to INR 15.81 billion. This is just a shade below the INR 15.88 billion expected by the Street.  

 

Other income of the company rose a little over 42% on year to INR 191.91 million in the June quarter.

 

Total expenses for the three months rose over 15% on year to INR 15.77 billion. The largest expense item, cost of materials consumed, grew over 13% year-on-year to INR 4.88 billion. Employee benefit expenses stood at INR 2.30 billion, up more than 14% on year, and finance costs added up to INR 701.44 million, rising over 5% year-on-year. Devyani International's depreciation and amortisation expenses for the June quarter totalled INR 1.80 billion, up almost 21% on year.

 

Devyani International's tax outgo moderated to INR 58.18 million in the June quarter due a deferred tax credit of INR 28.86 million. In the year-ago quarter, the company registered a deferred tax credit worth INR 71.55 million which resulted in a final tax outgo of INR 5.17 million.

 

"The operating environment has remained volatile, along with the usual seasonal complexities. While the demand has remained stable so far, the forecast of a below-normal season, combined with El Nio risk, is a reminder that consumption recovery in India rarely moves in a straight line," Non-Executive Chairman Ravi Jaipuria was quoted as saying in a press release. 

 

Devyani International reported consolidated earnings before interest, tax, depreciation, and amortisation at INR 2.55 billion for the June quarter, up from INR 2.05 billion a year ago. The consolidated EBITDA margin expanded 100 basis points on year to 16.1% for the three months.  

 

The KFC brand recorded same-store sales growth of 3.3% in Apr-Jun, while the metric for Costa Coffee stood at 10.2%. Devyani International had a total of 2,255 stores as of Jun. 30, up from 2,145 a year ago. The company said it is on track to deliver the store expansion targets for 2026-27 (Apr-Mar).

 

Same-store sales growth refers to the increase in revenue from retail stores or restaurants that have been in operation for at least a year.

 

The merger process with Sapphire Foods is progressing along expected timelines, Jaipuria said in the press release. "We received approvals from both the NSE and the BSE in June, bringing us closer to the next phase of regulatory filings. The timelines are broadly on track with our stated target of completion by the end of FY27," he added.

 

At 1325 IST, shares of Devyani International were at INR 120.29 on the National Stock Exchange, up 5.8% since the previous session. This marks a rise of roughly 1.5% since the results were announced.  End

 

Edited by Avishek Dutta

 

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