Devyani International Limited Announces Unaudited Financial Results for Q2 & H1 Ended Sep 30, 2025
Devyani International Limited announces Q2 FY26 results with a 12.6% YoY revenue increase. KFC India grew by 5.3%, while international business saw a 14% rise. The company opened 39 new stores and will host a concall on November 6, 2025.
The results show steady growth and expansion, but the impact is moderated by the effect of Skygate consolidation on margins.
The announcement highlights positive revenue growth and store expansion, indicating a positive outlook for the company.
* Devyani International Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025. * Consolidated revenues grew by 12.6% YoY to ₹1,376.7 million for Q2 FY26. * KFC India's revenue increased by 5.3% YoY to ₹5,723 million, while Pizza Hut India's revenue remained flat YoY at ₹1,860 million. * International business showed strong growth, with revenues up 14.0% YoY to ₹4,495 million. * Operating EBITDA (pre-IndAS) stood at ₹934 million with margins at 6.8%. * Reported EBITDA was ₹1,943 million with 14.1% margins; Skygate consolidation impacted Reported EBITDA margins by approximately 1%. * Consolidated Gross Margin was 67.8% in Q2; Skygate consolidation impacted Gross Margin by 50 bps. * Consolidated Brand Contribution was 11.7% in Q2; Skygate consolidation impacted margins by 70 bps. * The company opened 39 net new units (NNUs) in Q2, with KFC adding 30 stores and test-launching Tealive with 6 new stores. * Biryani By Kilo and Goila Butter Chicken from Skygate portfolio continue to perform well, with integration on track to achieve brand contribution break-even by March 2026. * Chairman Comment: GST 2.0 is a welcome move to broaden the consumption story in India. Impact of the change has been very minimal on the QSR category and our business. We have already passed on the benefits of reduced input costs to our consumers. * Devyani International will host a conference call on November 6, 2025, at 2:30 PM IST to discuss the results and developments.
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Devyani International Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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