Devyani International Limited (DIL) announced its financial results for the quarter and year ended March 31, 2026. The company reported a strong quarterly revenue of INR 14,369 million, representing a 18.5% YoY growth. The global network expanded to 2,256 stores, with 217 net new stores added throughout the year. Despite a seasonally soft quarter, KFC India achieved its strongest performance in 14 quarters with 4.9% positive SSSG.
Financial Growth Performance
DIL demonstrated robust financial health in Q4 FY26, with revenue reaching INR 14,369 million, an increase of 18.5% year-on-year. The annual revenue for FY26 reached INR 56,115 million. Consolidated EBITDA for the quarter stood at INR 2,295 million, maintaining a healthy margin of 16%. The consolidated gross margin remained strong at 68.8% for the quarter.
Strategic Network Expansion
The company aggressively expanded its footprint, ending the fiscal year with 2,256 stores globally. A total of 217 net new stores were added during FY26. Growth was particularly driven by the performance of KFC India, which anchored the company’s momentum, and the successful turnaround of the Biryani By Kilo (BBK) brand.
Segment and Brand Highlights
- KFC India: Delivered a standout 4.9% SSSG and 14.6% YoY revenue growth.
- International Business: Showed stability with 20.0% YoY revenue growth and positive brand contribution margins.
- Own Brands: Achieved revenue of INR 3,059 million for the full year, with BBK testing new express formats following its turnaround.
- Franchisee Brands: Revenue for the year reached INR 2,125 million, bolstered by the consistent performance of the Costa Coffee brand.
Management and Strategic Outlook
The company is currently undergoing a leadership transition under new CEO, Manish, focusing on digital transformation, automation, and data-led decision-making. DIL’s proposed merger with Sapphire Foods remains a cornerstone of its long-term strategy, intended to create one of the largest global Yum! Brands partners and a more agile, scaled-up QSR platform.
Source: BSE
