Devyani International Reports Strong Q1 FY27 Results, Reaching Highest Ever EBITDA of INR 255 Crores

Devyani International Reports Strong Q1 FY27 Results, Reaching Highest Ever EBITDA of INR 255 Crores​

Gurugram, July 29, 2026: Devyani International Limited (DIL), a prominent global Quick Service Restaurant (QSR) operator, has announced its financial results for the quarter ended June 30, 2026. The company reported robust performance, achieving its highest ever quarterly EBITDA and noting significant growth across its portfolio.

The consolidated revenues for Q1 FY27 reached Rs. 15,805 million, marking a 16.5% year-over-year increase. Profitability saw marked improvement, with the business posting its highest ever EBITDA of INR 255 crores, translating to a 16.1% margin expansion. The company also recorded a Profit after Tax amounting to INR 171 million, which is the highest figure achieved in eight quarters.

The performance highlights include:

• Operational Health: Operating EBITDA increased by 38% year-over-year, reaching INR 1,511 million with a 9.6% margin.
• Brand Growth: Various brands demonstrated strong performance metrics. Costa reported a 10.2% same store sales growth (SSSG), while KFC recorded 3.3% SSSG. BBK and Vaango delivered +7.2% and +7.1% SSSG respectively.
• Margin Improvement: The Brand Contribution margin improved by 1.1% year-over-year, reflecting strong overall operational efficiency.

Commenting on the quarter’s results, Mr. Ravi Jaipuria, Non-Executive Chairman of Devyani International Limited, stated that the company began the new financial year with a powerful foundation. He noted that momentum built during the second half of FY26 continued into Q1 FY27, driven by KFC's strong same store sales performance and positive SSSG across most brands in the portfolio.

Mr. Jaipuria highlighted that not only did KFC continue to post double-digit sales growth with 3.3% SSSG, but other concepts such as Biryani by Kilo, Costa, and Vaango maintained a greater than 7% SSSG trajectory. Pizza Hut also showed sequentially improved SSSG numbers.

The Chairman attributed the enhanced profitability to the company's capability and commitment to deliver sustainable growth despite facing cost inflation related to LPG and wage hike in the operating environment.

Strategic and Operational Updates​

Devyani International Limited continues to strengthen its operational base and strategic initiatives. The store network currently stands at 2,255 locations, enabling the company to remain on track for the planned store expansion targets for FY2027.

Regarding corporate strategy, the merger process with Sapphire Foods is progressing according to expected timelines. Management confirmed that necessary approvals were received from both the NSE and BSE in June, guiding the company closer to the next phase of implementation. The target completion date for this merger remains set by the end of FY27.

Mr. Jaipuria also noted ongoing cultural and operational shifts across the organization as the team builds "DIL 2.0," driven by management enhancements under Manish's leadership.

Company Profile​

Devyani International Limited is recognized as one of India’s leading QSR operators, with a network extending over 2,200 stores in more than 350 cities across India, Thailand, Nigeria, and Nepal.

The company holds the distinction of being the largest franchisee of Yum! Brands in India and Nepal. Furthermore, DIL is the sole franchisee in India for several international brands, including Costa Coffee, New York Fries, and Sanook Kitchen. Complementing its global portfolio, DIL manages indigenous concepts such as Vaango, a South Indian vegetarian cuisine concept, and The Food Street, which serves as an integrated food court format. Through the acquisition of Sky Gate Hospitality, DIL has also fortified its presence in Indian cuisine with brands like Biryani By Kilo and Goila Butter Chicken.

DEVYANI Stock Price Movement​

Devyani International Limited shares are edging higher to ₹119.31 as of 1:47 PM today in live trading, climbing 4.92% on strong buying momentum. The stock is seeing robust activity, with a reported volume nearing 24.80 million shares traded thus far.