Devyani International Limited — PPTs, 13-08-2025: Investor Presentation

Here's a summary of the Q1 FY26 results for Devyani International Limited:

**1. Financial Highlights:**

Consolidated revenue reached INR 1,357 Cr, marking 11.1% YoY growth. Consolidated EBITDA stood at INR 205 Cr, with margins at 15.1%, noting a slight dip due to lower average daily sales and marketing investments. However, Profit After Tax (PAT) significantly declined to INR 2.2 Cr for the quarter.

**2. Strategic Initiatives & Growth Drivers:**

The company sees India’s QSR industry on a structural growth path. Key focus areas include profitable scaling and strengthening core and emerging brands. Total store count expanded to 2,145 outlets in Q1 FY26.

**3. Business Developments:**

Devyani International has completed the acquisition of Sky Gate Hospitality, increasing its stake to 86.13%. This move adds "Biryani by Kilo" and "Goila Butter Chicken" to its portfolio, expanding its presence in the Indian cuisine segment. The integration of Sky Gate subsidiaries is proceeding as planned.

**4. Market Position & Competitive Advantage:**

As a leading QSR player and the largest franchisee of Yum Brands in India, Devyani International leverages a multi-cuisine, multi-format strategy to cater to diverse consumer tastes and occasions, mitigating category-specific risks.

**5. Investor Implications:**

Strong revenue growth and strategic acquisitions like Sky Gate suggest positive growth potential in the Indian QSR market. However, the notable drop in Profit After Tax despite revenue growth and relatively stable EBITDA indicates increased operating costs and depreciation impacting the bottom line, presenting an execution risk to monitor. The company is set to host an investor call to discuss these results.