Devyani International Limited announced its financial results for the quarter ended March 31, 2026, reporting a 18.5% year-on-year revenue increase for the quarter. The company crossed Rs. 5,500 crore in consolidated revenues for the full fiscal year. Growth was anchored by strong performance in the KFC segment and positive same-store sales growth (SSSG) across most brands, even while navigating a challenging operating environment and transitioning leadership.
Quarterly Financial Performance
During the fourth quarter of FY2026 (January–March 2026), Devyani International achieved a consolidated revenue of Rs. 14,369 million, marking an 18.5% increase compared to the same period in the previous year. The company’s EBITDA for the quarter stood at Rs. 2,295 million, with an EBITDA margin of 16.0%. For the full fiscal year 2026, total revenues reached Rs. 56,115 million.
Segment Insights
The company saw varied performance across its brand portfolio. KFC India emerged as a key growth driver, delivering +4.9% SSSG and the strongest growth recorded in 14 quarters. Other highlights include:
- Own Brands: Experienced an 11.5% revenue growth on a like-for-like (LFL) basis.
- International Business: Posted a robust growth of 20.0% year-on-year.
- Pizza Hut India: Reported a moderate decline of 3.5% year-on-year for the quarter.
Strategic Outlook and Transformation
Management highlighted a period of significant transition, emphasizing the proposed merger with Sapphire Foods, which is expected to unlock synergies and enhance operational scale. Under the guidance of new CEO Manish, the company is prioritizing a management transformation focused on technology, automation, and data-led decision-making to drive future scalability.
Chairman Ravi Jaipuria noted that while external factors remain fluid, the company is optimistic about demand conditions. The firm remains committed to its core strategy of disciplined expansion, maintaining strong unit economics, and enhancing consumer relevance through targeted digital and accessibility-focused initiatives.
Source: BSE
