Devyani International Limited — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Devyani International reported Q2 FY26 consolidated revenue of INR 1,377 Cr (up 12.6% YoY) with EBITDA margins at 14.1%. Full consolidation of Sky Gate impacted margins, but the company targets breakeven for Sky Gate's brand contribution by March 2026. KFC India added 30 new stores, on track for 100-110 additions this year, generating INR 572 Cr revenue. Pizza Hut India faced negative SSSG of -4%.

Management observed a weak and value-conscious consumer demand environment, responding with promotions and innovations like the Chana Burger. Store expansion continues, including Tealive test launches and Biryani By Kilo's airport expansion. International business, led by Thailand, showed strong margins despite negative SSSG. The company's perspective emphasizes adapting to market conditions through strategic growth and operational efficiency.