Devyani International Q1 Results: Net profit falls nearly 90% despite revenue growth; margin narrows

Shares of Devyani International Ltd. fell from the highs of the day after its net profit for the June quarter declined nearly 90% from the same quarter last year.

Devyani International, India’s largest franchisee for Yum Brands, operating KFC and Pizza Hut outlets, reported a net profit of ₹3.6 crore for the June quarter, a decline of 88% from the year-ago period.

Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 4.6% from last year to ₹206 crore, while margin narrowed by 250 basis points year-on-year to 15.2% from 17.7%.

Revenue for the quarter increased by 11% from the year-ago period to ₹1,357 crore from ₹1,222 crore.

During the quarter, sales at KFC India grew by 10.5% from last year to ₹612.6 crore, while Pizza Hut India sales remained sluggish at 3% from last year to ₹187.3 crore. International business revenue increased by 11.2% from last year to ₹433.2 crore.

Shares of Devyani International are recovering from the lows of the day, currently trading 0.9% lower a ₹152.12. The stock is down 10% in the last one month and 17% so far in 2025.

This is a developing story.