QSR Chain Operator Devyani International posts a loss of Rs 4.92 cr in Q2 FY25; Acquires Franchisee Rights for 3 more International Brands

Devyani International Limited (DIL), one of the largest KFC and Pizza Hut franchise owner in India has reported a consolidated net loss of Rs 4.92 crore in the second quarter (Q2) that ended September 30, 2024.

DIL also posted a consolidated net profit (year-on-year) of Rs 35.82 crore in the same period of the last fiscal.

However, it has reported an increase of 49.23 per cent in consolidated revenue from operations at Rs 1,222.15 crore in Q2 FY25 as against the revenue of Rs 819.47 crore in Q2 FY24.

The company's total expenses also rose to Rs 1,230.89 crore in Q2 FY25 as compared to the total expenses of Rs 793.04 crore in Q2 FY24, shared the release.

DIL also announced that it has secured exclusive master franchise rights for three modern QSR brands - TeaLive, New York Fries and SANOOK KITCHEN. 

According to the release, as DIL’s existing brands continue to drive store growth and introduce exciting new menu offerings, DIL broadens its offerings to include a new category of modern food & beverage choices by expanding its portfolio of brands. 

“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’,” shared Ravi Jaipuria, Non-Executive Chairman, Devyani International Limited.

Tealive, a Malaysian tea and beverage chain is Southeast Asia’s largest and most innovative handcrafted tea brand, with over 900 outlets worldwide.

New York Fries (NYF), franchised by Recipe Unlimited is Canada's largest multi-channel restaurant company, with over 19 select quality brands. NYF is a premium quick-service concept, known for its iconic fresh-cut french-fries, loaded fries and hot dogs.

SANOOK KITCHEN is Singapore's leading and most popular brand, specializes in authentic Thai and Asian cuisine, offering an exceptional dining experience for food lover.

“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,” he added.

DIL also opened 85 net new store in Q2, 2025.