Devyani International Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Press Release".
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Devyani International Limited (DIL) announced its Q1 FY2026 results with consolidated revenues of Rs. 1,357 crore, growing 11.1% year-on-year. Growth was driven by KFC India at Rs. 612.6 crore (+10.5%), Pizza Hut India at Rs. 187.3 crore (+3%), and international business at Rs. 433.2 crore (+11.2%). Reported EBITDA stood at Rs. 205 crore with margins at 15.1%, slightly lower than expected due to deleverage from lower average daily sales and higher investments in marketing and promotions. The company completed the acquisition of Sky Gate Hospitality, which runs Biryani by Kilo and Goila Butter Chicken, increasing its stake to 86.13% with an additional Rs. 103 crore investment and adding 105 stores. Total store count rose to 2,145 with 106 new outlets added in the quarter, including 2 new Tealive stores in Thailand and the first New York Fries store in Mumbai. Management acknowledged near-term soft consumer demand but remained positive on the long-term structural growth of India's QSR industry.
Revenue growth is healthy but the slight dip in EBITDA margin reflects ongoing cost pressures and softer consumer demand, which may weigh on near-term sentiment. The Sky Gate acquisition strengthens DIL's presence in the large and growing biryani and Indian cuisine segment, offering a new growth lever beyond its core KFC and Pizza Hut brands. Shareholders should watch for margin recovery and successful integration of the new brands.