The company had posted a net profit of Rs 5.07 crore in the same period of the previous fiscal
Devyani International or DIL, the largest franchisee for Yum Brands (KFC and Pizza Hut) in India has reported a consolidated net loss of Rs 7.65 crore in the third quarter of the current financial year (Q3FY25) due to higher expenses. The company had posted a net profit of Rs 5.07 crore in the same period of the previous fiscal.
The company’s consolidated revenue from operations marked an increase during the recently concluded quarter as it rose to Rs 1,294.4 crore, compared to Rs 843.13 crore during the corresponding period of the previous fiscal. The total expenses of the company also rose to Rs 1,294.84 crore during the quarter from Rs 838.06 crore in Q3FY24.
“DIL’s consolidated revenue for the quarter stood at Rs 1,294 crore, reflecting a 53.5 per cent year-on-year growth. We have also seen slightly better margin performance because of better SSSG and certain fresh cost optimisation measures….DIL has successfully met its store expansion guidance, crossing an impressive milestone of 2,000 stores in the recent quarter, across all brands and geographies – ahead of the original target,” stated Ravi Jaipuria, Non-Executive Chairman, Devyani International.
The company stated that it opened 111 net new stores during the quarter and is on track to commence the operation of new brands by the first quarter of the next fiscal (Q1FY26). The company added that the margins witnessed an improvement in Q3. As on 31 December 2024, DIL operates more than 2,000 stores across brands in over 280 cities in India, Thailand, Nigeria and Nepal.
