Devyani International Limited (DIL) announced its Q3 FY2026 results, highlighting broad-based margin improvements and breakeven for Biryani by Kilo. The company added 95 net new stores in the quarter. Revenue reached Rs. 14,409 million, a 11.3% YoY increase. The international business saw a 10% YoY growth with improving margins.
Financial Performance Overview
Devyani International Limited (DIL) reported a strong financial performance for the quarter ended December 31, 2025.
Key highlights include:
- Q3 Revenues: Stood at Rs. 14,409 million, up 11.3% YoY.
- KFC India: Rs. 6,032 million, up 5.9% YoY.
- Pizza Hut India: Rs. 1,781 million, down 6.3% YoY.
- Own Brands: Rs. 938 million, up 3.3% YoY on LFL basis.
- International Business: Rs. 4,734 million, up 10.1% YoY.
- Q3 EBITDA: At Rs. 2,267 million, with EBITDA margin at 15.7%.
Store Expansion
DIL continues to expand its store network, with significant additions during the quarter:
- 95 net new stores were added during the quarter.
- KFC India saw 54 net additions.
- Pizza Hut added 18 net stores; however, on a cumulative basis for calendar year 2025, no net new Pizza Hut stores were added.
- Biryani by Kilo added 13 net stores.
- The International business added 20 new stores, primarily in Thailand and Nepal.
At the end of Q3 FY2026, the total store count for DIL stood at 2,279 stores.
Strategic Developments
The company has achieved breakeven EBITDA results for Biryani by Kilo, ahead of its earlier target.
Leadership Transition
Manish Dawar will be elevated to President and CEO for DIL, effective April 1, 2026.
Virag will superannuate from the company effective March 31, 2026, and will continue as a Non-Executive Director.
Anupam Kumar, currently EVP – Finance, will take over as CFO.
Business Outlook
DIL is focusing on turning around the Pizza Hut business by rationalizing loss-making stores.
Source: BSE
