Devyani International Reports Q4 and FY2026 Financial Results; Highlights Growth and Merger Strategy

Devyani International Reports Q4 and FY2026 Financial Results; Highlights Growth and Merger Strategy​

Devyani International Limited (DIL), a major global Quick Service Restaurant (QSR) operator, announced its financial results for the quarter ending March 31, 2026. The company’s performance highlights strong growth across its brands, alongside strategic developments including a proposed merger with Sapphire Foods.

According to the financial review, DIL’s Q4 revenues stood at Rs. 14,369 million, marking an 18.5% year-on-year increase. The total consolidated revenues for the full financial year 2026 are projected to reach Rs. 56,115 million.

Financial Highlights (Q4 & FY2026)​

The financial performance across key segments showed varied growth trajectories:

Operational Performance and Strategy​

The company reported that KFC delivered its strongest performance in the last 14 quarters, posting a healthy 4.9% positive Same Store Sales Growth (SSSG) and nearly 15% year-on-year growth during the quarter. The international business segment also showed robust growth, expanding by 20.0% year-on-year.

Commenting on the results, Mr. Ravi Jaipuria, Non-Executive Chairman of Devyani International Limited, emphasized that the company successfully navigated a challenging operating environment through transformational steps.

Jaipuria highlighted the proposed merger with Sapphire Foods, stating it is a strategic combination of two complementary platforms. This merger is expected to unlock meaningful synergies, strengthen execution, and build a more efficient organization capable of accelerating growth across markets.

The leadership structure is also undergoing transformation under new CEO, Manish. The focus remains on integrating experienced professionals with deep operational and strategic expertise to drive growth.

The Chairman noted that the company remains disciplined in its execution, prioritizing the protection of unit economics and driving operational efficiencies. DIL’s own and franchised brands maintained positive SSSG trends, with value-led initiatives at KFC resonating well with consumers and resulting in improved average daily sales trends.

Devyani International Limited operates as one of India's largest QSR operators, managing a network of over 2,500 stores across more than 350 cities in India, Thailand, Nigeria, and Nepal. The company holds the distinction of being the largest franchisee of Yum! Brands in India and Nepal, alongside being the sole franchisee in India for brands like Costa Coffee, New York Fries, and Sanook Kitchen. DIL has also expanded its indigenous portfolio through brands like Vaango and The Food Street, and strengthened its Indian cuisine offerings via acquisitions such as Sky Gate Hospitality.

DEVYANI Stock Price Movement​

Shares of Devyani International Limited are edging higher to ₹118.15 as of 2:42 PM today, rising 0.10% in live trading. The stock has seen steady momentum, recording robust volume of 4.01 million shares so far.