Latest news with #DevyaniInternational
Yahoo
26-05-2025
- Business
- Yahoo
KFC India operator posts larger net loss in Q4 as expenses increase
Devyani International, the operator KFC and Pizza Hut outlets in India, has disclosed an expanded net loss for the fourth quarter of fiscal year 2025 as expenses grew. The consolidated net loss for the quarter ending 31 March was Rs147.38m ($1.7m), which is a decline from the loss of Rs74.65m recorded in the same period the previous year. During the quarter under review, the firm's revenue from operations reached Rs12.13bn, marking a 15.81% increase from Rs10.47bn in the corresponding quarter of the prior fiscal year. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 43% year-over-year to Rs1.87bn in Q4 FY25. Same-store sales at Pizza Hut experienced a 1% growth, whereas KFC's same-store sales saw a 6.1% decrease. Devyani International's total income for the fourth quarter was Rs12.26bn, while total expenses amounted to Rs12.47bn. Devyani International Limited non-executive chairman Ravi Jaipuria said: 'We are pleased to report that DIL continues to demonstrate strong momentum in its growth journey— both organically and through strategic acquisitions.' For the entire fiscal year, the company's consolidated revenue stood at Rs49.51bn, showing a 39.2% year-over-year increase. This surge was attributed to strategic acquisitions such as KFC stores in Thailand and continuous store expansion within India. The EBITDA margin of Devyani International was reported at 17%, with an absolute EBITDA growth of 29.1% over FY24. The company's total expenses for full year was Rs49.75bn, increasing from Rs35.71bn in the prior year. 'This performance was primarily driven by the strategic acquisition of KFC stores in Thailand and supported by ongoing store expansion in India,' Ravi Jaipuria added. In FY25, Devyani International inaugurated 257 new stores, culminating in a total of 2,039 stores compared to 539 new stores in FY24, which included 283 Thailand KFC stores acquired on January 18, 2024. In April of the current year, Devyani International announced its plan to acquire up to an 80.72% stake in Sky Gate Hospitality. Sky Gate Hospitality operates several brands including 'Biryani By Kilo', 'Goila Butter Chicken', and 'The Bhojan'. 'This acquisition further strengthens our overall brand portfolio and deepens our well laid out strategy. During the year, we also tied up with three international brands i.e. New York Fries, Tealive, and Sanook Kitchen. We are proud to share that we have recently opened the first NYF (New York Fries) store in Mumbai. This marks the beginning of our expansion with the new brands, with several more stores coming in the current year,' Ravi further stated. In September last year, KFC India initiated a sign language training programme for its entire workforce in the country. "KFC India operator posts larger net loss in Q4 as expenses increase" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
23-05-2025
- Business
- Business Standard
Devyani International reports consolidated net loss of Rs 14.74 crore in the March 2025 quarter
Sales rise 15.81% to Rs 1212.59 crore Net Loss of Devyani International reported to Rs 14.74 crore in the quarter ended March 2025 as against net loss of Rs 7.47 crore during the previous quarter ended March 2024. Sales rose 15.81% to Rs 1212.59 crore in the quarter ended March 2025 as against Rs 1047.08 crore during the previous quarter ended March 2024. For the full year,net profit declined 80.64% to Rs 9.15 crore in the year ended March 2025 as against Rs 47.26 crore during the previous year ended March 2024. Sales rose 39.22% to Rs 4951.05 crore in the year ended March 2025 as against Rs 3556.32 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1212.591047.08 16 4951.053556.32 39 OPM % 15.3212.44 - 16.3715.66 - PBDT 129.4387.92 47 582.66402.49 45 PBT -22.35-37.99 41 12.7917.67 -28 NP -14.74-7.47 -97 9.1547.26 -81
Business Standard
23-05-2025
- Business
- Business Standard
Devyani Intl Q4 net loss widens to Rs 15 cr
Devyani International reported consolidated net loss widened to Rs 14.74 crore in Q4 FY25 as against a net loss of Rs 7.47 crore reported in Q4 FY24. However, revenue from operations increased 15.80% year-over-year to Rs 1,212.59 crore in the March 2025 quarter. Loss before tax was Rs 22.35 crore in Q4 FY25, compared to a loss of Rs 37.99 crore in the same period a year ago. Total expenses rose by 13.50% to Rs 1,247.90 crore in Q4 FY25, compared with Rs 1,099.40 crore in Q4 FY24, due to higher cost of materials consumed (up 18.38% YoY), higher employee benefits expense (up 10.36% YoY), and higher other expenses (up 15.58% YoY). EBITDA declined by 13.39% YoY to Rs 173.9 crore. The EBITDA margin remained flat at 16.6% in Q4 FY25, compared to the same period last year. On a full-year basis, the company's consolidated net profit tumbled 80.63% to Rs 9.21 crore on a 39.21% increase in revenue from operations to Rs 4,951.05 crore in FY25 over FY24. The company stated that it opened 257 net new stores in FY25, compared to 539 net new stores in FY24. The FY24 figure includes 283 Thailand KFC stores acquired on 18 January 2024. Ravi Jaipuria, non-executive chairman of Devyani International, said, We are pleased to report that DIL continues to demonstrate strong momentum in its growth journey both organically and through strategic acquisitions. During FY2025, DIL reported consolidated revenue of Rs 4,951 crore, registering a robust 39.2% YoY growth. This performance was primarily driven by the strategic acquisition of KFC stores in Thailand and supported by ongoing store expansion in India. The companys EBITDA margin stood at 17%, while absolute EBITDA increased by 29.1% over FY24. Most recently, we announced the acquisition of Sky Gate Hospitality (owners of Biryani By Kilo & other brands) marking our entry into another high-potential food category. This acquisition further strengthens our overall brand portfolio and deepens our well laid out strategy. During the year, we also tied up with three international brands i.e. New York Fries, Tealive, and Sanook Kitchen. We are proud to share that we have recently opened the first NYF (New York Fries) store in Mumbai. This marks the beginning of our expansion with the new brands, with several more stores coming in the current year. Our store expansion strategy has been instrumental in driving growth and reinforcing our market leadership. By following a balanced approach of scaling our footprint while maintaining rigorous store level performance standards, we successfully added 257 net new stores during FY25, taking our total Q4 & FY25 (Consolidated) DIL remains committed to its Strategic Growth Plan: - Plan to complete acquisition of controlling stake in Sky Gate shortly - Added 257 new stores in FY 2025. The total store count stands at 2,039, consolidated revenue at Rs 49.5 billion, growth of 39.2% vs FY24 - PBT at Rs 12.8 crs in FY25 vs Rs 3.7 crs in FY24, growth of 248% presence to 2,039 stores as of March 31, 2025. We have achieved our store rollout targets across all brands, reflecting disciplined execution and strong operational capabilities. As one of the leading players in the Indian QSR sector, we are well-positioned to capitalize on the anticipated recovery in the industry. Overall, we remain confident in our strategy, execution capabilities, and ability to deliver consistent growth. Our focus will remain on scaling profitably, strengthening both our core and emerging brands, and creating long-term value for all stakeholders. Devyani International (DIL), among the fastest growing Chain Quick Service Restaurant (QSR) operators in the country, is the largest franchisee for Yum Brands (KFC & Pizza Hut) in India. The Company is also the sole franchisee for Costa Coffee Brand and stores in India. In addition, DIL caters to the South Indian vegetarian food lovers with Vaango, launched over a decade ago and is a prominent Brand in the Food Retail Business (FRB) category with its Food Courts. DIL has a strong presence across Airports in India where it serves a variety of F&B offerings. The counter rose 0.14% to Rs 180.95 on the BSE.
&w=3840&q=100)
Business Standard
23-05-2025
- Business
- Business Standard
Devyani International posts Q4 loss of ₹49 cr amid rising expenses
Devyani International, which operates KFC and Pizza Hut restaurants in India, posted a wider loss in the fourth quarter on Friday, as rising costs took a toll. The franchisee reported 147.4 million Indian rupees ($1.7 million) in consolidated net loss for the three months ended March 31, compared to a loss of 74.7 million rupees a year ago. It booked an impairment charge of 135.7 million rupees but did not disclose any further details. The company's expenses surged nearly 13.5% due to higher costs for key ingredients like cheese and palm oil, alongside a significant jump in employee costs. Global fast-food chains like KFC, McDonald's, Domino's and Pizza Hut, are rolling out pocket-friendly pizzas and burgers in the world's fastest-growing economy, where consumers are curbing discretionary spending due to rising costs of living and sluggish wage growth. Cheaper items on the menu and store additions over the last year paid off as revenue from operations rose nearly 16% to 12.13 billion rupees in the reported quarter. Pizza Hut's same-store sales grew 1%, while that of KFC outlets declined 6.1%, even though it was an improvement compared to last year's 7.1% drop. Devyani, which also operates Costa Coffee stores, now has 2,039 restaurants across geographies including, India, Nigeria, Nepal and Thailand. Last month, the company acquired a controlling stake in Sky Gate, which owns the popular brand "Biryani By Kilo". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Reuters
23-05-2025
- Business
- Reuters
KFC India operator Devyani widens losses in fourth quarter as expenses bite
May 23 (Reuters) - Devyani International ( opens new tab, which operates KFC and Pizza Hut restaurants in India, posted a wider loss in the fourth quarter on Friday, as rising costs took a toll. The franchisee reported 147.4 million Indian rupees ($1.7 million) in consolidated net loss for the three months ended March 31, compared to a loss of 74.7 million rupees a year ago. It booked an impairment charge of 135.7 million rupees but did not disclose any further details. The company's expenses surged nearly 13.5% due to higher costs for key ingredients like cheese and palm oil, alongside a significant jump in employee costs. Global fast-food chains like KFC, McDonald's, Domino's and Pizza Hut, are rolling out pocket-friendly pizzas and burgers in the world's fastest-growing economy, where consumers are curbing discretionary spending due to rising costs of living and sluggish wage growth. Cheaper items on the menu and store additions over the last year paid off as revenue from operations rose nearly 16% to 12.13 billion rupees in the reported quarter. Pizza Hut's same-store sales grew 1%, while that of KFC outlets declined 6.1%, even though it was an improvement compared to last year's 7.1% drop. Devyani, which also operates Costa Coffee stores, now has 2,039 restaurants across geographies including, India, Nigeria, Nepal and Thailand. Last month, the company acquired a controlling stake in Sky Gate, which owns the popular brand "Biryani By Kilo". ($1 = 85.6600 Indian rupees)
