Devyani International Ltd

Devyani International Ltd., a leading quick-service restaurant (QSR) operator and franchisee for global brands in India, reported a sharp 90% year-on-year drop in net profit for the first quarter of FY26. Net earnings fell to Rs. 6.05 crore from Rs. 60.06 crore in the same period last year, primarily due to higher operating costs, inflationary pressures, and intensified promotional spending. However, revenue rose 6% to Rs. 864.29 crore, supported by network expansion and steady same-store sales growth in select formats.

Devyani International Ltd (DIL), the largest Indian franchisee of Yum! Brands, reported a sharp reduction in its net loss for the March quarter and the full financial year ended March 2025. Strategic acquisitions and aggressive store expansion were central to this turnaround, with total consolidated income rising 39% year-over-year to Rs. 4,988.04 crore. The company also diversified its portfolio by acquiring Sky Gate Hospitality, owner of Biryani By Kilo, and introducing global brands such as New York Fries and Tealive.