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Business Standard
4 days ago
- Business
- Business Standard
Devyani Intl gains after reporting turnaround Q1 PAT on QoQ basis
Devyani International (DIL) rallied 3.22% to Rs 158.50 after the company reported a consolidated net profit of Rs 3.69 crore in Q1 FY26, compared to a net loss of Rs 14.74 crore posted in Q4 FY25. Revenue from operations increased 11.05% quarter-on-quarter (QoQ) to Rs 1,356.97 crore in the June 2025 quarter. On a year-on-year (YoY) basis, the companys net profit dropped 87.74%, while revenue increased 11.05% in Q1 FY26. The company reported profit before tax (PBT) of Rs 2.94 crore, marking a turnaround from a loss before tax of Rs 22.35 crore on a QoQ basis. However, PBT declined 90.37% YoY. Total expenses rose by 13.82% to Rs 1,367.40 crore in Q1 FY26, compared to Rs 1,201.29 crore in Q1 FY25. The increase was due to higher cost of materials consumed (up 14.64% YoY), higher employee benefits expenses (up 19.54% YoY) and higher other expenses (up 14.52% YoY). EBITDA declined by 8.28% YoY to Rs 204.90 crore. The EBITDA margin also fell to 15.1% in Q1 FY26, down from 18.3% reported in Q1 FY25. The company stated that it opened 106 new stores in Q1 FY26, taking the total store count to 2,145 (including 105 stores of Sky Gate Hospitality). Additionally, the company invested Rs 103 crore in Sky Gate, increasing its stake to around 86.13%. The scaling up of new brands remains on track. During the quarter, it added 2 Tealive stores in Thailand and launched the first New York Fries store in Mumbai. Ravi Jaipuria, non-executive chairman of Devyani International, said, Indias QSR industry is on a structural growth trajectory underpinned by rising urbanization, growing income levels, increasing digital adoption, increase in female work participation rate and a growing appetite for convenience esp. among younger consumers. While near-term macro factors have led to a phase of soft consumer demand, we see a better outlook for the industry in coming times. We are learning from the evolving consumer trends, and we need to reset our business to have a differentiated and compelling proposition for our consumers whether they are online or offline. We strongly believe that our industry will remain a prime beneficiary of evolving consumer behaviour. Its important that job creation continues in the economy with rising per capita income which will lead to higher consumption. Considering the significant market potential, we continue to execute on our long-term growth agenda. I am pleased to announce that we have concluded the acquisition of Sky Gate Hospitality which runs Biryani by Kilo and Goila Butter Chicken brands and increased our stake to 86.13% subsequently. This gives us access to market leading brands to expand our presence in the Biryani and Indian cuisine segment one of the largest food categories in the country. Sky Gate Hospitality has 105 outlets at present, and we are confident that these brands will be one of the key contributors to our expansion plans going forward. Our financial performance has been healthy. On a consolidated basis, Q1 revenues reached Rs. 1,357 Cr a 11.1% YoY growth. This growth was driven by healthy growth from KFC, Costa and the Food Court business in India and supported by 11.2% YoY growth in the international business. Reported EBITDA came in at Rs. 205 Cr with EBITDA margins at 15.1%. The slight dip in margins was due to deleverage from lower ADS YoY and investments in marketing and promotions in the quarter. As one of the leading QSR players, we are well positioned to benefit from the rebound in consumer spending. Our multicuisine, multi-format strategy caters to a broad spectrum of consumer tastes, occasions, and price points, while diversifying away from any category or geography specific risks. It also enhances our ability to capture opportunities across varied markets and evolving consumer trends. With the strength of our brands and our execution capabilities, we are confident of our 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) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operates more than 2,000 stores across more than 280 cities in India, Nigeria, Nepal and Thailand, as of March 31, 2025. In addition, DIL is the sole franchisee for Costa Coffee, Tea Live, New York Fries and Snook Kitchen in India. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 60,000 restaurants in over 155 countries. Founded in London by Italian brothers Sergio and Bruno Costa in 1971, Costa Coffee is present in 41 countries around the world, with over 2,800+ coffee shops in the UK&I and 1,100+ globally
The Star
11-07-2025
- Business
- The Star
SkyGate to raise stake in SkyGate Integration to 95% via RM9.8mil share deal
KUALA LUMPUR: SkyGate Solutions Bhd has entered into a share sale agreement with Ong Chee Fui to acquire a 44% equity interest in SkyGate Integration Sdn Bhd for RM9.8mil. In a filing with Bursa Malaysia, the telecommunications and technology firm said the purchase will be fully satisfied through the issuance of approximately 14.63 million new SkyGate shares at 67 sen per share. This follows SkyGate's earlier announcement on April 15, 2025 regarding the acquisition of a 51% stake in SkyGate Integration for RM10.71mi cash. As part of that deal, SkyGate Integration owed RM1.08mil to Ong, which was part of a loan from Kumpulan Modal Perdana Sdn Bhd (KMP). Under the current proposal, SkyGate will settle the RM1.08mil owed to Ong by issuing 1.61 million new SkyGate shares at 67 sen per share. Upon completion of the proposed acquisition, SkyGate Integration will become a 95%-owned subsidiary of the company. SkyGate said the proposed acquisition is part of its long-term strategy to grow the group's business, strengthen operations, and deliver greater value to shareholders. It added that the move will enhance its market position and support growth in the electrical and electronics (E&E) sector. SkyGate Integration's expertise in software development, system integration, and technology solutions complements the group's existing portfolio, allowing it to offer a wider range of services to more customers.
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Business Standard
24-06-2025
- Business
- Business Standard
Why did KFC, Pizza Hut operator Devyani International shares rise 3% today?
Devyani International, operator of famous fast food chains KFC and Pizza Hut, shares gained 3.3 per cent in trade on Tuesday, logging an intraday high at ₹172.4 per share on BSE. The buying on the counter came after the company inked a share subscription agreement and shareholders agreement with Sky Gate Hospitality for acquisition of 80.72 per cent stake. At 10:21 AM, Devyani International share price was trading 1.38 per cent higher at ₹169.05 per share on the BSE. In comparison, the BSE Sensex was up 1.09 per cent at 82,785.49. The company's market capitalisation stood at ₹20,424.94 crore. Its 52-week high was at ₹222.75 per share and 52-week low was at ₹130.05 per share. Devyani International has previously informed that it had acquired 80.72 per cent stake in Sky Gate Hospitality along with its subsidiaries. To discharge the consideration for the acquisition, Devyani International had proposed the issuance and allotment of 2,37,18,413 shares of face value of ₹1 each, on a preferential basis. According to the filing, post the said acquisition, Sky Gate along with its subsidiaries-- Blackvelvet Hospitality, Say Chefs Eatery, and Peanutbutter and Jelly became subsidiaries of Devyani International. On Monday, June 23, 2025, the company executed the share subscription, purchase and shareholders agreement with Sky Gate and its promoters/ founders to acquire additional equity stake in Sky Gate, in one or more tranches. The cost of acquisition is up to ₹106.25 crore, according to the filing. Currently, the company holds 80.72 per cent equity in Sky Gate. Subsequent to the proposed investment, the company's equity stake would increase to 86.13 per cent, on a fully diluted basis, in Sky Gate. About Devyani International Established in 1991, Devyani International Limited (DIL) is one of India's largest and fastest growing Chain Quick Service Restaurant (QSR) operators in the country. As on December 31, 2024, the company operates more than 2,030 stores across brands in over 280 cities in India, Thailand, Nigeria and Nepal. DIL is India's largest franchisee for Yum Brands, operating KFC and Pizza Hut outlets, and the exclusive franchisee for Costa Coffee cafes in the country.
Economic Times
24-06-2025
- Business
- Economic Times
Devyani International shares in focus on additional stake acquisition in Biryani by Kilo for Rs 106 crore
Shares of Devyani International Ltd (DIL) will be in focus on Tuesday, June 24, after the company announced plans to acquire an additional stake in Sky Gate Hospitality, the parent company of Biryani By Kilo, for up to Rs 106.25 crore. ADVERTISEMENT The acquisition will be carried out through a combination of subscribing to new equity shares and purchasing shares from the promoter group. This is expected to increase Devyani's stake in Sky Gate from the current 80.72% to 86.13% on a fully diluted basis. In an exchange filing, the company confirmed that it has executed a share subscription agreement and shareholders' agreement with Sky Gate and its promoters, along with a share purchase agreement to acquire the additional stake in one or more tranches. Devyani International stated that the move aims to facilitate further investments in Sky Gate and its subsidiaries—Blackvelvet Hospitality, Say Chefs Eatery, and Peanutbutter and Jelly Private Limited—while also supporting general corporate transaction, which has been undertaken on an arm's length basis, is expected to be completed on or before July 31, Gate operates multiple food and beverage brands, including Biryani By Kilo, Goila Butter Chicken, The Bhojan, Get-A-Way, and Krazy Kebab Co. ADVERTISEMENT For the financial year ending March 31, 2025, Sky Gate reported an unaudited consolidated turnover of Rs 277 crore (excluding a few subsidiaries). Since its incorporation in July 2015, the company has posted consistent revenue growth, rising from Rs 133 crore in FY22 to Rs 277 crore in FY25 (unaudited), highlighting its growing presence in India's food and beverage sector. On Monday, shares of Devyani International closed flat at Rs 166.75 on the BSE. ADVERTISEMENT Also read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
24-06-2025
- Business
- Time of India
Devyani International shares in focus on additional stake acquisition in Biryani by Kilo for Rs 106 crore
Devyani International will be in focus on June 24 after announcing plans to acquire an additional stake in Sky Gate Hospitality, parent of Biryani By Kilo, for up to Rs 106.25 crore. The deal, via a mix of fresh equity and promoter stake purchase, will raise Devyani's holding from 80.72% to 86.13% on a fully diluted basis. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Devyani International Ltd (DIL) will be in focus on Tuesday, June 24, after the company announced plans to acquire an additional stake in Sky Gate Hospitality , the parent company of Biryani By Kilo , for up to Rs 106.25 acquisition will be carried out through a combination of subscribing to new equity shares and purchasing shares from the promoter group. This is expected to increase Devyani's stake in Sky Gate from the current 80.72% to 86.13% on a fully diluted an exchange filing, the company confirmed that it has executed a share subscription agreement and shareholders' agreement with Sky Gate and its promoters, along with a share purchase agreement to acquire the additional stake in one or more International stated that the move aims to facilitate further investments in Sky Gate and its subsidiaries—Blackvelvet Hospitality, Say Chefs Eatery, and Peanutbutter and Jelly Private Limited—while also supporting general corporate transaction, which has been undertaken on an arm's length basis, is expected to be completed on or before July 31, Gate operates multiple food and beverage brands, including Biryani By Kilo, Goila Butter Chicken, The Bhojan, Get-A-Way, and Krazy Kebab the financial year ending March 31, 2025, Sky Gate reported an unaudited consolidated turnover of Rs 277 crore (excluding a few subsidiaries). Since its incorporation in July 2015, the company has posted consistent revenue growth, rising from Rs 133 crore in FY22 to Rs 277 crore in FY25 (unaudited), highlighting its growing presence in India's food and beverage sector On Monday, shares of Devyani International closed flat at Rs 166.75 on the BSE.
