Devyani International Ltd
Devyani International Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
The company remains confident in a sector recovery, expecting positive market conditions ahead. The company is optimistic about recovery in consumer sentiment, especially post Union Budget 2025, which is expected to enhance purchasing power and consumer spending, benefiting the QSR sector.
From Devyani International Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company remains confident in a sector recovery, expecting positive market conditions ahead.
- Store expansion is a key growth driver, with 111 net new stores added in Q3 FY25, totaling 2,032 stores.
- Core Indian business saw 9.6% YoY growth driven mainly by store expansion.
- International revenue grew 9% QoQ, supported by store additions in Thailand and Nepal.
- KFC aims to achieve 19-20% brand contribution margin at about 100,000 average daily sales (ADS).
- Mixed SSSG trends currently, but green shoots of recovery visible, especially in metros and large cities.
- Moderation planned in Pizza Hut expansion depending on brand performance; bullish on KFC growth.
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Profitability & Margins
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Capital Expenditure Plans
- The company continues to focus on store expansion, adding 111 net new stores in Q3 FY25, reaching a total of 2,032 stores.
- Expansion efforts emphasize small format stores for capital efficiency and stronger paybacks.
- There was a strategic tie-up joint venture (JV) with PVR INOX to open the first food court in Kota, with DIL holding 51% economic interest.
- International expansion is ongoing, especially in Thailand where 9 new KFC stores were added in Q3 FY25; plans include adding 20-25 stores (~8-9% growth) in Thailand for FY26.
- Capital investment includes key equipment imports affected marginally by currency depreciation.
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Top-ranked in Leisure Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Devyani International Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.4K Cr, net loss ₹10 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Devyani International Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Devyani International Ltd Q3 FY25 results?
The company remains confident in a sector recovery, expecting positive market conditions ahead. The company is optimistic about recovery in consumer sentiment, especially post Union Budget 2025, which is expected to enhance purchasing power and consumer spending, benefiting the QSR sector.
What is Devyani International Ltd share price analysis?
Devyani International Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹15,423 Cr. Investors should review the full earnings analysis for detailed insights.
Is Devyani International Ltd planning capital expenditure?
The company continues to focus on store expansion, adding 111 net new stores in Q3 FY25, reaching a total of 2,032 stores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.