Devyani International Q3 Results: Stock jumps 10% after strong same store sales, Pizza Hut turnaround begins

Shares of Devyani International Ltd. were trading with gains of 10% after the company announced its December quarter earnings.

The Yum Brands franchisee reported a wider net loss of ₹10.3 crore for the quarter, compared to a loss of ₹0.5 crore in the same period last year.

Despite the higher loss, the company posted a healthy growth in topline. Revenue grew 11.3% on a year-on-year basis to ₹1,441 crore, up from ₹1,294.4 crore in the corresponding quarter last year.

Operating performance or EBITDA rose 8.3% year-on-year to ₹231 crore from ₹213.3 crore. However, margins saw a marginal compression, with EBITDA margin coming in at 16%, compared to 16.5% a year ago.