Devyani International Q3FY26 Results: Revenue Rises to ₹14,409 Million, Net Loss Narrows
Devyani International reported Q3 FY26 consolidated revenue of ₹14,409 million. The company posted a consolidated net loss of ₹99.87 million for the quarter. Key events include the approved amalgamation of Sapphire Foods India Limited effective April 1, 2026, and the upcoming acquisition of remaining stake in Sky Gate Hospitality for ₹575 million.
The financial results show a mixed performance with revenue growth but continued losses. However, significant corporate actions like the proposed amalgamation with Sapphire Foods India and the acquisition of Sky Gate Hospitality are material events that will impact the company's future structure and operations.
The company reported its financial results, showing a slight increase in revenue but a net loss for the quarter. While there are positive developments like approved acquisitions and amalgamations, the continued net loss tempers the overall sentiment.
Devyani International Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported consolidated revenue from operations of ₹14,408.97 million (approximately ₹1440.9 crore) for the third quarter of FY26, a slight increase from ₹13,767.51 million (approximately ₹1376.8 crore) in the previous quarter and a year-on-year increase from ₹12,944.04 million (approximately ₹1294.4 crore) in the same quarter of FY25.
For the nine months ended December 31, 2025, consolidated revenue from operations stood at ₹41,746.17 million (approximately ₹4174.6 crore), up from ₹37,384.61 million (approximately ₹3738.5 crore) in the corresponding period of FY25.
The company reported a consolidated profit after tax of ₹(99.87) million (approximately ₹(10.0) crore) for the quarter ended December 31, 2025, compared to a loss of ₹(215.81) million (approximately ₹(21.6) crore) in the same quarter of the previous year. For the nine months ended December 31, 2025, the consolidated loss after tax was ₹(291.46) million (approximately ₹(29.1) crore), compared to a profit of ₹98.63 million (approximately ₹9.9 crore) in the same period last year.
On a standalone basis, revenue from operations for the quarter ended December 31, 2025, was ₹9,062.04 million (approximately ₹906.2 crore), a marginal increase from ₹8,706.06 million (approximately ₹870.6 crore) in the previous quarter and slightly higher than ₹8,725.87 million (approximately ₹872.6 crore) in the corresponding quarter of FY25.
Standalone profit after tax for the quarter ended December 31, 2025, was a loss of ₹(122.95) million (approximately ₹(12.3) crore), compared to a loss of ₹(143.25) million (approximately ₹(14.3) crore) in the same quarter of the previous year. For the nine months ended December 31, 2025, the standalone loss after tax was ₹(204.14) million (approximately ₹(20.4) crore), compared to a profit of ₹369.83 million (approximately ₹37.0 crore) in the same period last year.
Key exceptional items impacting the results include an increase in post-employment defined benefit obligations and other long-term employee benefit obligations of ₹122.13 million and ₹115.72 million, respectively, due to the notification of certain provisions of the Labour Codes. Additionally, a payment of ₹92.90 million was made under protest related to a lease dispute.
Subsequent to the quarter end, the Board approved a Scheme of Arrangement for the amalgamation of Sapphire Foods India Limited with Devyani International Limited, effective April 1, 2026. The company will issue 177 equity shares of Re. 1 each for every 100 equity shares of Rs. 2 each held in Sapphire Foods India Limited.
Furthermore, Devyani International approved the acquisition of the remaining equity stake in Sky Gate Hospitality Private Limited from its Founders for a total consideration of approximately ₹575 million. Upon completion, Sky Gate will become a wholly-owned subsidiary.
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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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