Awaiting price reaction for this filing.
Devyani International Limited (DIL), one of India's largest QSR operators, announced its financial results for Q4 and full-year FY25. Q4 FY25 consolidated revenue rose 15.8% YoY to Rs 12.1 billion, with EBITDA at Rs 2.0 billion and margins flat at 16.6%. For the full year FY25, revenue grew 39.2% to Rs 49.5 billion, driven mainly by the Thailand KFC store acquisition and store expansion, while EBITDA stood at Rs 8.4 billion (margin 17.0% vs 18.3% in FY24). The company added 257 net new stores during the year, taking its total store count to 2,039 across India, Thailand, Nigeria and Nepal. DIL also announced the acquisition of Sky Gate Hospitality (Biryani By Kilo) and new brand tie-ups including New York Fries, Tealive and Sanook Kitchen, with the first NYF store already opened in Mumbai.
Strong revenue growth driven by acquisitions and expansion signals healthy top-line momentum, though slightly compressed margins and a marginal dip in store additions compared to last year may temper near-term excitement. Shareholders should watch execution of the Sky Gate acquisition and new brand rollouts for future growth catalysts.