Devyani International Limited (DIL) announced its financial results for Q2 FY2026. The company’s network expanded to 2,184 stores, including 30 new KFC stores in India. Q2 Revenues stood at Rs. 13,767 million, up 12.6% YoY. The integration of Skygate is on track to achieve brand contribution break-even by March 2026.
Financial Performance
Devyani International Limited announced its Q2 FY2026 financial results, showing significant growth and expansion.
Key highlights include:
- DIL network expands to 2,184 stores; 30 KFC stores added in India.
- Added 39 net new stores overall.
- Tealive test launched with 6 stores in India.
- Thailand continues to progress well.
- Skygate turnaround on track for brand contribution break-even by March 2026.
Revenue Details
Q2 Revenues stood at Rs. 13,767 million, up 12.6% YoY, with the following breakdown:
- KFC India: Rs. 5,723 million, up 5.3% YoY
- Pizza Hut India: Rs. 1,860 million, up 0.6% YoY
- International business: Rs. 4,495 million, up 14.0% YoY
Q1 EBITDA at Rs. 1,943 million, with EBITDA margin at 14.1%
Comments on Performance
Mr. Ravi Jaipuria, Non-Executive Chairman, Devyani International Limited, commented on the implementation of GST 2.0 to simplify and harmonize the GST framework. The company has passed on the benefits of reduced input costs to consumers.
Expansion and Future Plans
The company continues to expand its store network with 30 net additions to KFC and another 3 net additions to Pizza Hut. Tealive brand was launched with 6 new outlets during the quarter. The integration of Skygate portfolio is on track to achieve brand contribution break-even by March 2026.
Source: BSE
