Devyani International Q2 Results: Net loss at ₹22 crore; revenue rises 13%

KFC and Pizza Hut operator Devyani International slipped into the red in the September quarter, posting a net loss of ₹21.8 crore, compared with a marginal profit of ₹0.02 crore in the same period last year.

Despite a 12.7% rise in revenue to ₹1,376.7 crore from ₹1,222 crore a year ago, profitability took a hit as operating performance weakened.

The company's EBITDA fell 1.8% to ₹192 crore, while margins contracted to 14% from 16% last year.



Devyani International's network expanded to 2,184 stores, with 30 new KFC outlets added in India. Overall, the company added 39 net new stores during the quarter.

"Q2 saw perhaps the most important policy development for consumers and the retail industry with the transition to GST 2.0 – a historic move to simplify and harmonize the GST framework to a 2-tier structure. While it's still early to assess the results of this transition, the initial signs are encouraging, and all of us have seen a significant upside in certain consumption categories like Automobiles and Durables. The impact of the change has been very minimal on the QSR category and our business. We have already passed on the benefits of reduced input costs to our consumers," said Ravi Jaipuria, Non-Executive Chairman at Devyani International.

Following the earnings announcement, shares of Devyani International Ltd. are trading 2.12% higher on Thursday at ₹

155.90. The stock is down 15% so far in 2025.