Devyani International Q3 FY26: Revenue up 11.3% to ₹1,441 Crore; Manish Dawar to be President & CEO from April 1, 2026
Devyani International reported Q3 FY26 consolidated revenue of ₹1,441 Crore, up 11.3% YoY. India revenue grew 12.1%. Biryani by Kilo achieved brand EBITDA breakeven ahead of schedule. Manish Dawar will become President & CEO from April 1, 2026, and Anupam Kumar will be CFO. The company added 95 net new stores.
The announcement includes strong financial performance, strategic business turnaround initiatives, and a significant CEO transition, all of which have a high impact on the company's future outlook and investor perception.
The company reported positive revenue growth, achieved key operational milestones like breakeven for Biryani by Kilo ahead of schedule, and announced significant leadership changes, indicating strategic forward movement.
Devyani International Limited (DIL) announced its Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2025. The company reported consolidated revenues of ₹1,441 Crore, an 11.3% year-on-year increase. India operations grew by 12.1% YoY.
The company achieved breakeven at the brand EBITDA level for Biryani by Kilo, ahead of its target. DIL also initiated a turnaround for its Pizza Hut business by rationalizing loss-making stores, aiming to focus on profitability and efficient utilization of existing assets.
In a significant management change, Manish Dawar will be elevated to President and CEO of DIL, effective April 1, 2026. Virag, who has been with the company for over two decades, will superannuate on March 31, 2026, and will continue as a Non-Executive Director. Anupam Kumar will take over as the Chief Financial Officer (CFO).
The company added 95 Net New Units (NNUs) in the quarter, with 54 NNUs in KFC, 17 in Own Brands (including 13 in Skygate), and 20 in its International business (17 in Thailand and 3 in Nepal). The total store count for DIL reached 2,279 stores by the end of Q3 FY26.
Consolidated Operating EBITDA improved to 8.6% from 6.8% in the previous quarter. The company also highlighted positive Same-Store Sales Growth (SSSG) across most brands in January, with losses being contained in Pizza Hut, laying a strong foundation for future growth.
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