Devyani International Ltd.

Devyani International Ltd.

119.35
INR
+3.17
(+2.73%)
-0.03EPS
137.31BMarket Cap
Nov 14Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
13.58
15.14
9.31
17.42
24.68
29.29
40.79
45.38
46.49
Basic EPS, GAAP
-0.76
-0.89
-0.46
1.32
2.2
0.39
0.08
-0.31
-0.02
Free Cash Flow per Basic Share
1.13
1.67
0.85
1.22
1.66
0.95
3.39
3.75
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.3
-1.5
0.95
5.7
8.05
8.76
9.07
12.51
- -
Tangible Book Value per Share
-2.38
-3.49
-1.13
3.89
6.24
0.47
0.09
-2.74
- -
Basic Weighted Avg Shares
1,203
1,203
1,203
1,185
1,205
1,206
1,206
1,228
1,251
Sales/Revenue/Turnover
16,335
18,211
11,194
20,641
29,728
35,317
49,206
55,714
58,152
Operating Margin (%)
5.91
3.37
0.21
11.99
12.3
7.27
5.39
3.4
4.07
Depreciation Expense
2,257
2,467
2,357
2,213
2,788
3,848
5,699
6,540
6,792
Net Income, GAAP
-909
-1,065
-552
1,563
2,650
473
91
-386
-21
Effective Tax Rate (%)
- -
- -
- -
- -
- -
362.57
153.96
- -
- -
Profit Margin (%)
-5.57
-5.85
-4.93
7.57
8.91
1.34
0.19
-0.69
-0.04
Working Capital
-3,671
-6,322
-2,561
-841
-2,225
-4,499
-6,391
-8,190
- -
LT Debt
15,666
16,153
11,453
11,379
14,640
25,804
27,488
29,920
- -
Total Equity
-874
-2,195
719
6,816
9,642
13,486
14,023
18,852
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
-19.58
-3.17
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
-11.4
-2.66
- -
- -
Return on Common Equity (%)
- -
- -
- -
39.08
31.99
4.67
0.85
-2.93
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
7,908
- -
LT Borrowings
- -
7,352
- -
LT Finance Leases
- -
22,567
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,233
1,233
1,233
Market Capitalization
182,403
116,624
137,313

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
8,524
- -
Cash, Cash Equivalents & STI
- -
4,949
- -
Accounts Receivable, Net
- -
641
- -
Inventories
- -
1,646
- -
Total Current Liabilities
- -
16,714
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
7,908
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
193.65%
34.44%
Free Cash Flow
- -
61.61%
12.46%
Net Income, GAAP
- -
-199.74%
-522.24%
Sales/Revenue/Turnover
- -
39.95%
13.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
12,219
12,222
12,944
12,126
49,206
2026
13,570
- -
14,409
14,369
55,714
2027
15,805
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.25
- -
- -
-0.12
0.08
2026
0.03
- -
-0.08
-0.08
-0.31
2027
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Manish Dawar
Full Time Employees
22,500
Sector
Consumer services
Industry
Restaurants
Address
Plot No.18 Gurugram HA India 122001
IPO Date
Aug 16, 2021
Business
Devyani International Limited (DIL) operates as one of India's largest franchisees for Yum Brands, managing KFC and Pizza Hut quick-service restaurant chains; it serves as the exclusive franchisee for Costa Coffee cafes in India and runs its in-house brand Vaango offering South Indian vegetarian cuisine, alongside The Food Street food court concepts and food and beverage outlets in Indian airports. The company provides a diverse menu across these brands, including fried chicken, pizzas, burgers, rice bowls, snacks, beverages, desserts, and coffee specialties, targeting urban and semi-urban consumers seeking convenient dining options. Established in 1991 and headquartered in Gurgaon, Haryana, DIL conducts operations in over 280 cities across India, Thailand, Nigeria, and Nepal, with more than 2,030 stores as of December 31, 2024, including over 900 KFC outlets, 580 Pizza Hut stores, 190 Costa Coffee cafes, and 70 Vaango locations. DIL functions as a key growth engine for its parent conglomerate RJ Corp, leveraging cross-brand synergies, cluster-based market presence, and disciplined financial management to drive expansion in the competitive food and beverage sector. In recent developments, the company acquired an 80.72% stake in Sky Gate Hospitality for approximately 420 crore rupees in April 2025, integrating popular Indian cuisine brands such as Biryani By Kilo, Goila Butter Chicken, and The Bhojan into its portfolio, thereby expanding to 10 diverse food and beverage brands and entering the traditional Indian food segment. Further strategic moves include partnerships with international brands Tealive (Malaysian beverages), New York Fries (Canadian fries), and Sanook Kitchen (Singaporean cuisine) announced in late 2024, alongside test launches of Tealive stores in India and Thailand, the debut of a New York Fries outlet in Mumbai, and accelerated Costa Coffee growth with 67 new stores added in the year ending March 2024. DIL also deepened its collaboration with PVR INOX for food courts in shopping centers and cinemas, added 257 net new stores in fiscal year 2025 to reach 2,039 outlets, and increased its stake in Sky Gate to 86.13% with an additional 103 crore rupees investment, targeting break-even for the acquired brands by March 2026. These initiatives underscore DIL's focus on portfolio diversification, store network expansion, and penetration into high-footfall channels like food courts and travel hubs.