Devyani International Limited — PPTs, 23-05-2025: Investor Presentation

1. Financial Highlights:

Devyani International reported consolidated revenue of Rs 4,951 Cr for FY25, up 39.2% YoY, led by store expansions and acquisition of KFC stores in Thailand. EBITDA increased 29.1% to Rs 842 Cr with margins of 17.0%. Profit before tax surged 248% to Rs 12.8 Cr. Gross margin remained stable at 68.9%. Q4 revenue grew 15.8% YoY to Rs 1,213 Cr, while EBITDA margin held steady at 16.6%. The store count ended FY25 at 2,039, adding 257 net new outlets.

2. Strategic Initiatives & Growth Drivers:

Aggressive store rollout continues across multiple brands, meeting expansion targets. Devyani added three international brands—New York Fries, Tealive, and Sanook Kitchen—broadening its portfolio into new segments. Capex includes up to Rs 90 Cr related to recent acquisitions. Addition of 18 new KFC stores in Thailand boosts international footprint.

3. Business Developments:

Acquisition of controlling stake in SkyGate Hospitality (owner of Biryani By Kilo) is nearing completion, adding over 100 stores and ~Rs 277 Cr turnover, expanding scale and complementing existing brands. Partnerships with international brands diversify offerings further.

4. Market Position & Competitive Advantage:

Devyani is India’s largest Yum! Brands franchisee and a key QSR operator in India, Nigeria, Nepal, and Thailand. A 5-year revenue CAGR of 44.5% surpasses industry growth, reflecting strong execution and operational strength. Balanced store expansion with focus on store-level performance supports market leadership.

5. Investor Implications:

Positive growth potential backed by strong revenue, margin expansion, and portfolio diversification. Meeting expansion targets and strategic acquisitions reduce execution risks. Investors should track new brand performance and international growth as drivers of future upside.