Devyani International Ltd

Devyani International has announced the acquisition of controlling stake in Sky Gate Hospitality ('Sky Gate') along with its three brands i.e. 'Biryani By Kilo', 'Goila Butter Chicken', and 'The Bhojan'. This strategic move aims to enhance DIL's presence in the Indian cuisine segment by integrating these well-established brands into its portfolio. Founded in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate has emerged as a strong player in India's food delivery sector. Sky Gate is amongst the first ones to introduce the 'Handi Biryani' concept and deliver freshly prepared biryani. Its flagship brand, Biryani By Kilo (BBK), is one of the leaders in the organized biryani market, offering authentic, dum-cooked biryanis prepared to order and delivered in traditional handis. Under the leadership of Roy and Jindal, Sky Gate has expanded its reach over 100 stores across 40+ cities, catering to the diverse culinary preferences of Indian consumers. This strategic move aligns with DIL's vision to diversify its offerings and deepen its strategy with respect to House of Brands. With this acquisition, DIL's brand portfolio now encompasses 10 strong and diverse food and beverage brands. This includes recent additions like Tealive, Sanook Kitchen and New York Fries. The acquisition of Biryani By Kilo, Goila Butter Chicken and The Bhojan, strengthens DIL's leadership position as one of the fastest-growing QSR chains in India. Powered by Capital Market - Live

The company will consider and approve the definitive agreements and issuance of equity shares of the company on a preferential basis to discharge the consideration payable for acquisition of controlling equity stake in Sky Gate Hospitality Private, operating restaurants under the brand 'Biryani by Kilo' and other brands. The issuance of equity shares shall be subject to the approval of equity shareholders at an extra-ordinary general meeting of the company. Devyani International (DIL), among the fastest growing chain Quick Service Restaurant (QSR) operators in the country, is the largest franchisee for Yum Brands (KFC & Pizza Hut) in India. It is also the sole franchisee for Costa Coffee Brand and stores in India. The company reported consolidated net loss of Rs 0.49 crore in Q4 FY25 as compared with net profit of Rs 9.62 crore in Q4 FY24. Net sales jumped 53.5% YoY to Rs 1,294.40 crore in Q4 FY25.Powered by Capital Market - Live

The Board of Devyani International will meet on 24 April 2025 to consider and approve the definitive agreements and issuance of equity shares of the Company on a preferential basis to discharge the consideration payable for acquisition of controlling equity stake in Sky Gate Hospitality, operating restaurants under the brand 'Biryani by Kilo' and other brands. Powered by Capital Market - Live

Devyani International will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

Net loss of Devyani International reported to Rs 0.49 crore in the quarter ended December 2024 as against net profit of Rs 9.62 crore during the previous quarter ended December 2023. Sales rose 53.52% to Rs 1294.40 crore in the quarter ended December 2024 as against Rs 843.13 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1294.40843.13 54 OPM %16.4717.35 - PBDT155.28102.66 51 PBT8.529.68 -12 NP-0.499.62 PL Powered by Capital Market - Live

Revenue from operations increased 53.22% year-over-year to Rs 1,294.40 crore in the December'24 quarter. Profit before tax was at Rs 8.52 crore in Q3 FY25, down 11.98% as against Rs 9.68 crore reported in the same period a year ago. Total expenses rose by 54.5% to Rs 1,294.84 crore in Q3 FY25, compared with Q3 FY24, due to higher raw material costs (up 64.51% YoY), higher employee benefits expense (up 59.97% YoY), and higher other expenses (up 49.79% YoY). While EBITDA improved by 49.83% to Rs 219.2 crore, EBITDA margin improvement of 60 basis points to 16.9% in Q3 FY25, compared with the same period last year. Devyani International said that it has opened 111 net new stores. The company witnessed Positive SSSG momentum across core brands & geographies. The company said that it has achieved milestone of over 2000 stores in Q3 FY25, ahead of guidance total store count of 2,032 Ravi Jaipuria, non-executive chairman, Devyani International, said, 'I am delighted to say that DIL has successfully met its store expansion guidance, crossing an impressive milestone of 2,000 stores in the recent quarter, across all brands and geographies'ahead of the original target. This achievement further enhances our market presence and reinforces our strategic position in the QSR industry. It also offers our customers greater access to our brands. Reflecting on Q3, our store expansion strategy has been a key driver of the company's growth. We remain committed to this approach, ensuring a balance between expansion and store-level performance. In Q3, we added 111 net new stores, bringing our total store count to 2,032 as of December 31, 2024. DIL's consolidated revenue for the quarter stood at Rs. 1,294 crores, reflecting a 53.5% year-onyear growth. We have also seen slightly better margin performance because of better SSSG and certain fresh cost optimization measures. I am glad to share that our brands continue to demonstrate consistency and excellence. In recognition of this, KFC was awarded the Most Admired Retailer of the Year for market expansion at the Pepsi Images Food Service Awards 2024.' Devyani International (DIL), among the fastest growing Chain Quick Service Restaurant (QSR) operators in the country, is the largest franchisee for Yum Brands (KFC & Pizza Hut) in India. The Company is also the sole franchisee for Costa Coffee Brand and stores in India. In addition, DIL caters to the South Indian vegetarian food lovers with Vaango, launched over a decade ago and is a prominent Brand in the Food Retail Business (FRB) category with its Food Courts. DIL has a strong presence across Airports in India where it serves a variety of F&B offerings.Powered by Capital Market - Live

Devyani International will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

Net profit of Devyani International declined 99.94% to Rs 0.02 crore in the quarter ended September 2024 as against Rs 33.35 crore during the previous quarter ended September 2023. Sales rose 49.14% to Rs 1222.16 crore in the quarter ended September 2024 as against Rs 819.47 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1222.16819.47 49 OPM %16.0118.84 - PBDT135.21119.35 13 PBT-3.9133.01 PL NP0.0233.35 -100 Powered by Capital Market - Live

Revenue from operations was at Rs 1,222.2 crore in the second quarter of FY25, marking a growth of 49.14% as against Rs 819.47 crore posted in Q2 FY24. The firm reported pre tax loss of Rs 3.91 crore in Q2 FY25 as against profit before tax of Rs 19.01 crore posted in corresponding quarter previous fiscal. Total expenses rose by 55.21% to Rs 1,230.9 crore in Q2 FY25 as compared with Q2 FY24. Material cost was at Rs 373.63 crore (up 56.83% YoY) and employee benefits expense stood at Rs 183.42 crore (up 65.34% YoY) during the quarter. Consolidated EBITDA was at Rs 198.70 crore in the second quarter of FY25, up 25.12% as against Rs 158.80 crore posted in Q2 FY24. EBITDA margin reduced to 16.3% in Q2 FY25 as against 19.4% posted in Q2 FY24. Devyani International said that it has opened 85 net new stores, taking the total store count to 1,921 as of 30 September 2024 ' on track to achieve the guidance of 2,000 stores in FY25. Meanwhlie, the company announced that it has secured Exclusive Master Franchise rights for three modern QSR brands: TeaLive, New York Fries and SANOOK KITCHEN. Each partnership is unique and shall help DIL to achieve its growth strategy. Ravi Jaipuria, Non-Executive Chairman, Devyani International said, 'We are happy to welcome new brands to 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'. We remain committed to our investments across DIL's brand portfolio to broaden our reach, engage target consumers, and seize growth opportunities across the country. 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 wellpositioned to capitalize on future opportunities and delivering value to all our stakeholders.' Devyani International (DIL), among the fastest growing Chain Quick Service Restaurant (QSR) operators in the country, is the largest franchisee for Yum Brands (KFC & Pizza Hut) in India. The Company is also the sole franchisee for Costa Coffee Brand and stores in India. In addition, DIL caters to the South Indian vegetarian food lovers with Vaango, launched over a decade ago and is a prominent Brand in the Food Retail Business (FRB) category with its Food Courts. DIL has a strong presence across Airports in India where it serves a variety of F&B offerings. The scrip advanced 4.57% to currently trade at Rs 178.55 on the BSE. Powered by Capital Market - Live

Devyani International will hold a meeting of the Board of Directors of the Company on 11 November 2024.Powered by Capital Market - Live