Devyani International (DIL) announced strong Q3 FY26 results with revenue reaching INR 14,409 Mn, a 11.3% increase YoY. India operations grew by 12.1%, and the international business saw revenue growth of 10.1%. The company added 95 net new stores, including 54 KFC and 17 Own Brand outlets. Biryani by Kilo achieved breakeven EBITDA ahead of schedule.
Financial Performance
Devyani International reported a strong financial performance for Q3 FY26:
- Revenue: Reached INR 14,409 Mn, up 11.3% compared to Q3 FY25.
- KFC India Revenue: Increased by 5.9% to INR 6,032Mn.
- India Revenue: Grew by 12.1% to INR 9,782 Mn.
- International Business Revenue: Increased by 10.1% to INR 4,734 Mn.
- Consolidated EBITDA: INR 2,267 Mn with a margin of 15.7%.
Store Network Expansion
DIL expanded its store network significantly during the quarter:
- Total New Stores: Added 95 net new stores.
- KFC: Added 54 new KFC outlets in India.
- Own Brands: Added 17 new stores.
- International: Expanded with 20 new stores in Thailand and Nepal.
- Total Stores: The total store count stood at 2,279 as of the end of Q3 FY26.
Key Business Highlights
- Same-Store Sales Growth (SSSG): Positive SSSG across most brands in January, except for Pizza Hut.
- Brand Performance: Biryani by Kilo achieved breakeven Brand EBITDA ahead of the targeted schedule.
Leadership Transition
The company announced a leadership transition:
- Manish Dawar: Will be elevated to President and CEO of DIL, effective April 1, 2026.
- Virag: Will superannuate and transition to a Non-Executive Director role, effective March 31, 2026.
- Anupam Kumar: Will assume the role of CFO.
Source: BSE
