India’s largest KFC and Pizza Hut franchise owner, Devyani International Limited, incurred a loss of INR 4.92 crore in the July-September quarter (Q2), according to its latest regulatory filing.
Devyani International revenue jumps to INR 1,222.15 crore
Last year, Devyani International made a profit of INR 35.82 crore during the same period. However, this year it incurred a loss. Despite the loss, the company’s revenue jumped 49.23% to INR 1,222.15 crore (Q2 FY25) from INR 819.47 crore (Q2 FY24).
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Meanwhile the company’s expenses increased to INR 1,230.89 crore (Q2 FY25) from INR 793.04 crore (Q2 FY24). The company also expanded its presence by opening 85 new stores across its brands during the quarter.
Furthermore, DIL announced that it has obtained exclusive master franchise rights for three modern quick-service restaurant brands: TeaLive, New York Fries, and Sanook Kitchen. These partnerships will help DIL achieve its growth strategy. As DIL’s existing brands continue to grow and introduce new menu items, the company is expanding its portfolio to include modern food and beverage options.
Devyani International to consider ‘Food on the Go’ and ‘House of Brands’
“We are happy to welcome new brands to the DIL family, catering to youth categories such as handcrafted tea, fresh cut fries and authentic Thai & Asian cuisine. The new partnerships reflect our commitment to bringing diverse, high-quality contemporary food & beverages brands to our customers, while driving sustainable growth for DIL. With exclusive rights for these brands in India, DIL is consolidating its strategy of ‘Food on the Go’ and ‘House of Brands’,” commented Ravi Jaipuria, non-executive chairman of Devyani International Limited.
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The company said it will invest in its brand portfolio to expand its reach, attract target consumers, and seize growth opportunities nationwide.
“While we recognize the current subdued environment in the QSR industry, we are confident that the current headwinds are transient in nature. As firm believers in India’s growth story, we are well-positioned to capitalise on future opportunities and deliver value to all our stakeholders,” he added.
In the quarter, a company called ‘Devyani PVR INOX Private Limited’ was established on July 26, 2024, to develop and operate food courts in shopping malls across India.
