Devyani International Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported consolidated revenue from operations of INR 56,114.79 million for the full year. Key developments during the year include the acquisition of Sky Gate Hospitality Private Limited, which has now become a wholly-owned subsidiary, and the approval of a scheme of amalgamation for regional business entities.
Financial Performance Highlights
For the financial year ended March 31, 2026, Devyani International Limited recorded consolidated revenue from operations of INR 56,114.79 million, compared to INR 49,510.52 million in the previous year. The company reported a total comprehensive income for the year of INR 383.22 million. On a standalone basis, revenue from operations reached INR 35,726.42 million for the same period.
Strategic Acquisitions and Corporate Restructuring
The company significantly expanded its footprint during the year. On June 10, 2025, the company acquired an 80.72% equity stake in Sky Gate Hospitality Private Limited. By the quarter ended March 31, 2026, the company successfully acquired the remaining equity stake, making Sky Gate a wholly-owned subsidiary. Additionally, the Board has approved a scheme of amalgamation to consolidate Sky Gate and its subsidiaries, Blackvelvet Hospitality Private Limited and Say Chefs Eatery Private Limited, into the parent company.
Future Consolidation Plans
In a move to streamline operations, the company is also progressing with a scheme of arrangement for the amalgamation of Sapphire Foods India Limited with Devyani International Limited, effective from April 1, 2026. This strategic consolidation aims to integrate operations and enhance the company’s competitive positioning in the food and beverage sector. The company has already filed the necessary applications with the National Company Law Tribunal (NCLT) and is currently awaiting final approvals.
Source: BSE
