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Devyani International reported Q3 FY26 consolidated revenue of 1,441 Cr (+11.3% YoY) and operating EBITDA (pre-Ind AS) of 124 Cr (margins 8.6%). Sky Gate brands achieved breakeven EBITDA ahead of target. The company saw positive SSSG across most brands in January 2026, driven by new promotional strategies. Management announced Manish Dawar's elevation to CEO, effective April 1, 2026, prioritizing SSSG turnaround and technology. Pizza Hut will have no net new stores in CY26, focusing on shutting loss-making units. The Sapphire Foods merger progresses, with 210-225 Cr annual synergies expected.