Devyani International Q1 FY26 Earnings Results: Revenue Rises 11%, Expands to 2,145 Stores with Sky Gate Acquisition

Devyani International Limited (DIL), a major global player in the Quick Service Restaurant (QSR) sector, has released its financial results for the quarter ending June 30, 2025.

Devyani International Q1 FY26 Performance Overview

• Revenue: ₹1,357 crore, up 11.1% YoY
   
• EBITDA: ₹205 crore, margin at 15.1%
   
• Growth Drivers: Strong KFC, Costa Coffee, food court, and international business performance.
   
• Store Count: 2,145 total outlets, including 105 from Sky Gate Hospitality.
   
• Acquisition: Increased stake in Sky Gate Hospitality to 86.13% with an additional investment of ₹103 crore.

Business Expansion

• Sky Gate operates “Biryani by Kilo” and “Goila Butter Chicken” with 105 outlets.
   
• First New York Fries outlet opened in Mumbai.
   
• Added 2 Tealive stores in Thailand.

Management Commentary

Chairman Ravi Jaipuria noted that India’s QSR market is set for long-term growth, driven by urbanisation, higher incomes, digital adoption, and rising convenience demand.
He highlighted that Sky Gate brands will be a key growth contributor and that DIL’s multi-cuisine, multi-format strategy reduces risks and broadens customer reach.

Key Numbers by Segment

• KFC India: ₹612.6 crore, up 10.5% YoY
   
• Pizza Hut India: ₹187.3 crore, up 3% YoY
   
• International: ₹433.2 crore, up 11.2% YoY

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Devyani International Share Price Movement

Devyani International share price (NSE: DEVYANI) is currently trading at ₹158.05, down ₹0.81 or 0.51% as of 14 August, 11:33 am IST. The stock opened at ₹158.95, touched a high of ₹158.95, and a low of ₹156.05 during the session. With a market capitalisation of ₹19,470 crore and a P/E ratio of 2,087.57, the company does not offer a dividend yield. Over the past 52 weeks, the share price has ranged between a high of ₹222.74 and a low of ₹134.00.

Conclusion

Devyani International delivered healthy revenue growth despite softer consumer demand. With new store additions, strategic acquisitions, and diversification across cuisines and geographies, the company is positioning itself for sustainable and profitable expansion in the coming years.

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