Devyani International Ltd

Devyani International Q3 Update: Store Expansion & Margin Growth 📈

- Added 54 net new KFC stores and 18 net new Pizza Hut stores in Q3

- Total store count reached 2,279 stores

- Consolidated revenue grew 11.3% year-on-year to ₹1,441 crore

- International operations revenue increased 10.1% year-on-year to ₹473 crore

- Gross margin improved to 68.9% consolidated

- Brand contribution margin rose to 13.9%, up from 11.7% in previous quarter

- Biryani by Kilo achieved break-even brand EBITDA ahead of target

- Estimated annual synergies of ₹210-225 crore from proposed merger with Sapphire Foods

- KFC store additions to continue at 110-120 per year