Devyani International Limited
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chainquick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.
What Devyani files
- Others57
- Investor Meet33
- Updates26
- Board Meeting20
- Important18
- PPTs9
Devyani International's board approved an amended merger scheme with Sapphire Foods, removing a condition for a secondary sale of 5.94 Cr SFIL shares. This ensures the merger proceeds as planned, without impact on DIL/SFIL shareholders. Post-merger, DIL's promoter group shareholding revises to 41.99%.
Company's non-operational, non-material subsidiary, Devyani RK Private Limited, has been officially struck off. This streamlines the corporate structure with no financial impact.
Devyani International reported robust Q1 results with revenue at Rs 1,580.5 Cr (+16.5% YoY) and record EBITDA of Rs 255 Cr (16.1% margin). PAT reached Rs 17.1 Cr, its highest in 8 quarters. Positive SSSG across brands continues, and the Sapphire Foods merger is progressing.
Company completed investment in Thailand KFC operator (RD). A ~INR 114.8 Cr convertible loan to subsidiary DID is now approved for equity conversion, raising stake to ~56.7%. DID repaid its ~USD 25.50 million loan, releasing the corporate guarantee. Net investment in RD is ~INR 114.8 Cr.
Devyani International secured stock exchange approvals from NSE and BSE for its proposed scheme of arrangement with Sapphire Foods. This is a significant milestone, clearing the path for NCLT submission to progress the merger.