| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.4K | 4.7% | 11.3% |
| Total Income | 1.5K | 5.2% | 11.5% |
| Expenditure | 1.4K | 2.7% | 11.7% |
| PBT | -14.78 | 44.4% | 271.4% |
| Net Profit | -10.98 | 54.2% | 43.6% |
| OPM | 14.54% | 0.57pp | 31.09pp |
| NPM | -0.76% | 0.97pp | 0.18pp |
| EPS | 0.07 | 56.3% |
Devyani International's Q3 FY2026 Financial Results: 95 Net New Stores, Biryani by Kilo Achieves Breakeven
04 Feb 2026 · 4 Feb, 12:58 pm
Summary
Devyani International Limited (DIL), one of the leading global Quick Service Restaurant (QSR) operators, has announced its financial results for the quarter ended December 31, 2025. The company reported a 11.3% YoY increase in revenues, with KFC India and own brands showing growth, while Pizza Hut India reported a decline. The international business also showed a 10.1% YoY increase. The company added 95 net new stores, with a significant expansion in KFC India and Biryani by Kilo. The company has achieved breakeven brand EBITDA results for Biryani by Kilo. The Pizza Hut business is being turned around by rationalizing loss-making stores.
Key Highlights
- 1
Q3 Revenues stood at Rs. 14,409 million, up 11.3% YoY
- 2
KFC India: Rs. 6,032 million, up 5.9% YoY
- 3
Pizza Hut India: Rs. 1,781 million, down 6.3% YoY
- 4
Own brands: Rs. 938 million, up 3.3% YoY on LFL basis
- 5
International business: Rs. 4,734 million, up 10.1% YoY
- 6
95 net new stores in the quarter
- 7
54 net additions to KFC India; 18 additions to PH
- 8
13 net stores added to Biryani by Kilo
- 9
International business up 10% YoY with improving margins
- 10
Achieved breakeven brand EBITDA results for Biryani by Kilo
- 11
Turnaround of the Pizza Hut business by rationalizing loss-making stores
- 12
Positive SSSG across all brands in the month of January except Pizza Hut
Management Comments
Ravi Jaipuria
Non-Executive Chairman, Devyani International Limited
We continue to invest in and steadily expand our core business. In India, new store openings accelerated during the quarter with 54 net new KFC outlets. While we added 18 net new stores to Pizza Hut in this quarter, on a cumulative basis during the calendar year 2025 we have not added any net new PH stores. Within our own brands portfolio, we also added 17 new stores to Biryani by kilo and Vaango. The International business added 20 new stores during the quarter between Thailand and Nepal. We are very happy to state that we have achieved breakeven brand EBITDA results for biryani by kilo much ahead of our target as guided earlier. Our business continues to grow in a sustained manner. India operations grew 12.1% YoY, while consolidated Revenues reached INR 1,441 Cr, growing 11.3% YoY. Our international business continues to gather strength from operations and profitability perspective and the same is reflected in the steady improvement in the results. We have also started the process of turnaround of the Pizza Hut business by rationalizing loss-making stores. Our idea is to bring a sharper focus to this exercise and therefore we will open new stores only to compensate for the closure of loss-making stores. This will also help us to utilize the existing assets and equipment in our new stores and bring down the capex for the new openings as well. We have seen positive SSSG across all our brands in the month of January except Pizza Hut where the losses are being contained. We are expecting that if this momentum continues through the quarter, this will lay a strong foundation for future growth.
Manish Dawar
President and CEO for DIL
DIL is at a critical inflection point in its growth journey, as we prepare to scale into a larger, more diversified and more complex organization. The Board believes that this next phase requires a bold strategic vision, backed by strong execution capability.
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