Restaurant India News: Devyani International Q3 loss Widens to Rs 109 Crore

Devyani International Ltd reported a wider net loss of Rs 109.78 crore for the December quarter of FY26. The company had posted a net loss of Rs 76.46 crore in the same quarter last year. Revenue from operations increased by 11.31 per cent to Rs 1,440.9 crore during the quarter.

The company said it saw improvement in margins, and its Biryani by Kilo business reached breakeven during the period. Total expenses rose by 11.71 per cent to Rs 1,446.5 crore. Total income, including other income, stood at Rs 1,453 crore.

During the quarter, Devyani International operated 1,174 KFC outlets, 648 Pizza Hut outlets, 218 own-brand outlets, and 214 franchisee-brand outlets. The company added 95 net new stores, including 54 KFC outlets, 18 Pizza Hut outlets, and 13 Biryani by Kilo stores.

"Our business continues to grow in a sustained manner. India operations grew 12.1 per cent YoY, while consolidated revenues reached Rs 1,441 crore, growing 11.3 per cent YoY. Our international business continues to gather strength from operations and profitability perspective and the same is reflected. in the steady improvement in the results," said Ravi Jaipuria, Chairman, Devyani International Ltd.

DIL has also started the process of turnaround of the Pizza Hut business by rationalising loss-making stores.

"Our idea is to bring a sharper focus to this exercise and therefore we will open new stores only to compensate for the closure of loss-making stores. This will also help us to utilize the existing assets and equipment in our new stores and bring down the capex for the new openings as well," he said.