Devyani International Q2 loss widens to ₹24 crore; shares settle over 2% lower

It had incurred a loss of ₹4.92 crore in the July-September period a year ago, according to a regulatory filing from Devyani International Ltd (DIL).

Revenue from operations was up 12.64% to ₹1,376.75 crore in September quarter FY26.

Total expenses of the Quick Service Restaurant (QSR) operator was up 14.42% in the September quarter to ₹14,084.68 crore.

Total income, which includes other income, was at ₹1,381.88 crore, up 12.62% in the quarter.

In the first half (H1) of FY26, total income was at ₹2,752.36 crore, higher by 12%.

DIL is the largest franchisee for Yum Brands' QSR chains - KFC & Pizza Hut in India. In addition, DIL is the sole franchisee for Costa Coffee, Tealive, New York Fries and Sanook Kitchen in India. It also owns South Indian vegetarian food QSR chain Vaango.

In the second quarter, it added 39 net new stores overall in which 30 KFC stores were opened in India. With this, the DIL network expanded to 2,184 stores, as of September 30, 2025.

"We continue to expand our store network with 30 net additions to KFC and another 3 net additions to Pizza Hut. We started rolling out the stores for Tealive and launched the brand with 6 new outlets during the quarter by way of test launch. The initial customer feedback is positive, and we plan to expand the brand after the test launch phase," said its Non-Executive Chairman Ravi Jaipuria.

DIL operates stores across more than 280 cities in India, Nigeria, Nepal and Thailand, as of September 30, 2025.

Devyani International Limited share price

At close, shares of Devyani International Ltd settled 2.18% lower at ₹155.79 per equity share on the National Stock Exchange (NSE) on November 6. The results were announced during market hours.

Over the last five days, shares of Devyani have declined 6.01%. The scrip has further dropped 5.76% in the last month. On the other hand, Devyani shares have significantly declined 11.97% in the last 6 months and the year-to-date drop stands at 14.93%.

The stock touched its 52 week high of ₹209.75 on January 6, 2025 and its 52 week low of ₹134.00 on April 7, 2025.The company’s market capitalisation is ₹19,206.92 crore.