Latest news with #RaviJaipuria
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 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.
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Business Standard
30-04-2025
- Business
- Business Standard
Varun Beverages posts 33% rise in Q1CY25 PAT, announces dividend; details
Varun Beverages share price: Shares of Varun Beverages rose 1.56 per cent to ₹537.25 on the BSE during intra-day trading on Wednesday, April 30, 2025, on the back of the company's announcement of its financial results for the first quarter of calendar year 2025 (CY25). Alongside the earnings report, Varun Beverages also declared a dividend for its shareholders. Varun Beverages Q1CY25 results During Q1CY25, Varun Beverages' consolidated net profit after tax zoomed 33.5 per cent Year-on-Year (Y-o-Y) to ₹731.35 crore from ₹547.98 crore reported in the corresponding quarter of the previous year. The company's revenue from operations climbed 29.2 per cent Y-o-Y to ₹5,680 crore in Q1CY25 from ₹4,397.98 crore reported in Q1CY24. The company's total expenses also grew 27.9 per cent Y-o-Y to ₹4,616.60 crore from ₹3,609.75 crore. During Q1CY25, the company's Earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at ₹1,263.96 crore, up 27.8 per cent Y-o-Y from ₹988.76 crore. The company's consolidated sales volume grew by 30.1 per cent to 312.4 million cases in Q1 CY2025 from 240.2 million cases in Q1 CY2024, driven by strong organic volume growth of 15.5 per cent in India and inorganic volume contributions from South Africa and DRC. Realisation per case increased by 1.8 per cent in India and remained flat in international markets (ex. South Africa). There was a decline of 0.9 per cent in net realisation per case at the consolidated level because of lower realisation in own brands in the South Africa market. Due to the relatively lower margin profile of owned brands in the South African market and the higher mix of CSD in India, gross margins stood at 54.6 per cent, a decline of 171 basis points as compared to Q1 CY2024. In Q1 CY2025, the mix of low sugar / no sugar products has increased to ~59 per cent of our consolidated sales volumes. ALSO READ | Also Read Commenting on the performance for Q1 CY2025, Ravi Jaipuria, Chairman, Varun Beverages, said, "We are pleased to report a strong operational and financial performance in the first quarter of CY2025. The integration of the SA territory has progressed well, with focused efforts on strengthening on-ground infrastructure, streamlining operations, and enhancing execution across the market. We achieved 141 million cases in SA over the trailing four quarters, marking a growth of 13 per cent over the same period last year. Historically, net realisations in SA are lower due to a higher mix of own brands; however, we are actively working to scale PepsiCo's portfolio, which is expected to support improvements in realisations and margins going forward.' "Looking ahead, we see immense headroom for growth in India's beverage market, supported by rising per capita incomes, accelerating urbanisation, expanding electrification, and improving cold-chain infrastructure. With adequate capacities in place, a diversified product portfolio, and a strengthened distribution network, we remain well-positioned to capitalise on these opportunities and deliver sustainable value to all stakeholders.' Varun Beverages dividend announcement Varun Beverages, in an exchange filing, has said that its board has approved the payment of an interim dividend of ₹0.50 per equity share for the Financial Year 2025 on the total issued, subscribed and paid-up 3,38,18,65,692 equity shares of the nominal value of ₹2 each. The company has fixed Wednesday, May 7, 2025, as the record date for the purpose of determining the entitlement of equity shareholders for receipt of the interim dividend. The interim dividend, Varun Beverages said, will be paid on and from Friday, May 9, 2025, to those shareholders whose names appear in the Register of Members of the Company or in the list of beneficial owners maintained by the Depositories as on Wednesday, May 7, 2025. ALSO READ | Why did investors dump Bajaj Finance shares post Q4 results? Stock tanks 6% About Varun Beverages Varun Beverages is a producer and distributor of carbonated soft drinks and non-carbonated beverages in India and several international markets. The company operates 48 manufacturing facilities across India and other countries, serving a wide range of PepsiCo brands. Varun Beverages has a strong distribution network, with over 2,600 owned vehicles and 2,800+ primary distributors across its territories. The company has a market capitalisation of ₹1,78,917.60 crore on the BSE, as of April 30, 2025. Varun Beverages shares have posted a decline of nearly 19 per cent year-to-date. In contrast, the benchmark Nifty50 has advanced 2 per cent during the same period. The company's shares have a 52-week range of ₹682.84 – ₹419.40 on the BSE. At 1:28 PM on Wednesday, Varun Beverages shares were quoted trading at ₹529.05 per share, up marginally 0.02 per cent from its previous close of ₹528.95 on the BSE.
Business Standard
30-04-2025
- Business
- Business Standard
Varun Beverages Q1 PAT climbs 35% YoY to Rs 726 cr
Varun Beverages reported a 35.22% jump in consolidated net profit to Rs 726.49 crore in Q1 CY25 as compared with Rs 547.98 crore posted in Q1 CY24. Revenue from operations (excluding excise duty) surged 28.94% YoY to Rs 5,566.93 crore in the first quarter of 2025. During the quarter, profit before tax climbed 36.61% to Rs 977.81 crore from Rs 715.75 crore recorded in the same quarter last year. Gross margins stood at 54.6%, a decline of 171 basis points as compared to Q1 CY2024 For Q1 CY25, EBITDA grew 27.8% to Rs 1,263.96 crore from Rs 988.76 crore posted in the corresponding quarter last year. The EBITDA margin marginally declined at the consolidated level by 20 bps because of the lower profitability in the South African market (14.4%) and its higher mix in Q1 CY2025. Consolidated sales volume rose 30% to 312.4 million cases in Q1 CY25 from 240.2 million cases in Q1 CY24. This was driven by organic volume growth of 15.5% in India and inorganic volume contributions from South Africa and the Democratic Republic of Congo. Net realizations per case increased by 1.8% in India and remained flat in the international market, excluding South Africa. On a consolidated basis, net realization per case fell 0.9% from last year due to lower realization in own brands in the South African market. Ravi Jaipuria, chairman of Varun Beverages, said, We are pleased to report a strong operational and financial performance in the first quarter of CY2025. Consolidated sales volumes grew by 30.1% YoY, driven by healthy organic volume growth of 15.5% in India. The integration of the SA territory has progressed well, with focused efforts on strengthening on-ground infrastructure, streamlining operations, and enhancing execution across the market. We achieved 141 million cases in SA over the trailing four quarters, marking a growth of approximately 13% over the same period last year. Historically, net realizations in SA are lower due to a higher mix of own brands; however, we are actively working to scale PepsiCos portfolio, which is expected to support improvements in realizations and margins going forward. We recently commenced operations at our new greenfield production facilities in Kangra (Himachal Pradesh) and Prayagraj (Uttar Pradesh), significantly enhancing capacity concurrently with the peak summer season. The implementation of the other two greenfield production facilities scheduled for the 2025 season in Bihar and Meghalaya is on track and shall commence commercial production very soon. Additionally, we have established backward integration facilities at Prayagraj and DRC, further strengthening our operational backbone and supply chain efficiency. Building on our nascent presence in the snack food segment, we have initiated the distribution and sale of PepsiCos snack products in Zimbabwe and Zambia. These markets present a significant growth opportunity within the packaged foods category, supporting our focus on portfolio expansion across high-potential regions. Looking ahead, we see immense headroom for growth in Indias beverage market, supported by rising per capita incomes, accelerating urbanization, expanding electrification, and improving cold-chain infrastructure. With adequate capacities in place, a diversified product portfolio, and a strengthened distribution network, we remain well-positioned to capitalize on these opportunities and deliver sustainable value to all stakeholders. Meanwhile, the company's board has announced an interim dividend of Rs 0.50 per share for the financial year 2025, and the interim dividend will be paid on and from Friday, 9 May 2025, to those shareholders whose names appear in the Register of Members of the Company or in the list of beneficial owners maintained by the Depositories as of Wednesday, 7 May 2025. Varun Beverages is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside the USA). As of this date, VBL has been granted franchises for various PepsiCo products across 27 states and 7 union territories in India. VBL has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. The scrip shed 0.19% to currently trade at Rs 527.95 on the BSE.
News18
30-04-2025
- Business
- News18
Varun Beverages Share Price: PepsiCo's Bottle-Maker Profit Jumps 34% In Q1, Dividend Announced
Varun Beverages' Q1 2025 revenue rose 28.9% YoY to Rs 5,556 crore. Sales volumes increased 30.1%. EBITDA grew 27.8%, net profit jumped 33.5%. Varun Beverages Limited, the official bottle-maker of PepsiCo, on Wednesday announced that the revenue rose by 28.9 per cent YoY to Rs 5,556 crore for Q1 2025 (January-March 2025), against Rs 4,317.3 crore in Q1 2024. Similarly, sales volumes increased by 30.1 per cent on the back of strong demand in India and international markets like South Africa and DRC. The board also approved an interim dividend of Rs 0.50 per equity for the financial year 2024-25 on the total issued, subscribed and paid-up 339,18,65,692 equity shares with face value of Rs 2 each. The interim dividend will be paid on and from Friday, May 09, 2025 to those shareholders whose name appears in the company's registrar. Varun Beverages' EBITDA and Net Profit The company's EBITDA (operating profit) rose 27.8 per cent to Rs 1,263 crore, while net profit jumped 33.5 per cent to Rs 731.4 crore from Rs 547.9 crore in Q1 2024. The jump in profit is credited to higher sales, lower interest costs in India, and interest income from surplus funds. The company has also added new factories in Kangra (Himachal) and Prayagraj (UP), with several in Bihar and Meghalaya in pipeline. It started distributing PepsiCo snack products in Zimbabwe and Zambia from February 2025. Meanwhile CRISI upgraded VBL's long term loan rating to AAA (Stable). Ravi Jaipuria (Chairman) said the company is confident about future growth in India due to increasing incomes, urbanization, and better cold-chain logistics. The company is ready to serve the growing demand with strong production, a wide range of drinks, and an expanded network. First Published: April 30, 2025, 14:31 IST
