Devyani International Q3 results: Company reverses profits, reports Rs 7.6 crore net loss

Devyani International, the largest franchise of Yum Brands in India, today reported its results for the third quarter ended December 2024, posted a net loss of Rs 7.6 crore, reversing its net profit of Rs 5.1 crore in the year-ago period.

Following this, the company’s stock fell 5% to its day’s low of Rs 169.10 on the BSE.

However, the KFC operator’s consolidated revenues for the said quarter stood at Rs 1,290 crore, witnessing a growth of 53.5% YoY, while reporting a 49% YoY rise in the revenue at Rs 3,740 crore for the nine months ended December 2024.


The consolidated reported EBITDA closed at Rs 220 crore, with margins at 16.9%, an improvement of 60 basis points against the previous quarter.

According to a regulatory filing, Devyani International said that it recorded a positive same store sales growth (SSSG) momentum across core brands and geographies and is on track to commence the operation of new Brands by Q1 of FY 26.

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“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 storelevel performance. In Q3, we added 111 net new stores, bringing our total store count to 2,032 as of December 31, 2024. I am glad to share that our brands continue to demonstrate consistency and excellence,” said Ravi Jaipuria, Non-Executive Chairman of Devyani International.

Devyani International achieved a milestone of over 2,000 stores in Q3 FY25, which was ahead of its guidance, while its total store count stands at 2,032.

Additionally, the company has also added 17 KFC stores in Thailand in the nine months of FY25. This brings Thailand’s total KFC store count to 305 as of December 31, 2024.

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