Devyani International Limited (DIL) stands as one of the leading operators of quick-service restaurant (QSR) chains in India.
Starting with Yum in 1997, DIL launched its operations with the first Pizza Hut store in Delhi and continued to expand with both KFC and Pizza Hut franchises.
Devyani International Limited has a presence in more than 240 cities with 500 KFC stores, and over 500 Pizza Hut outlets across India, Nigeria and Nepal. The company is operating a total of over 1300 stores under various brands. The company additionally has over 140 Costa Coffee cafes in India.
The Company was incorporated as Universal Ice Creams Private Limited in Delhi as a Private Limited entity in December 1991. The name of the Company was changed to 'Devyani International Private Limited' in June 2000.
The company became a public limited entity in May 2005 and its name was changed to Devyani International Limited.
On August 4, 2021, Devyani International Limited launched its initial public offering (IPO). On August 16, 2021, the shares were listed on BSE and NSE.
The market capitalisation of Devyani International Limited stood at over ₹21,100 crore as of January 30, 2024. Devyani International share price has increased 14% in the last one year.
Devyani International business operations
The company is a multi-dimensional comprehensive quick service restaurant (QSR) player in India. It operates with 3 business verticals:
- Core Brands (KFC, Pizza Hut, and Costa Coffee stores in India)
- International Business (stores in foreign countries- Nepal and Nigeria)
- Other Businesses (own branded stores like Vaango, Ile Bar, Ckrussh Juice Bar, Masala Twist, Food Street and Amreli)
DIL is mainly engaged in the business of developing, managing and operating quick service restaurants and food courts for brands such as Pizza Hut, KFC, Costa Coffee, and Vaango.
To build a more inclusive society, DIL is actively recruiting women and specially-abled employees for running the stores. The company is now operating 47 stores entirely run by either all-women or specially-abled employees.
As of FY 2023, DIL’s portfolio included over 543 stores for KFC, 510 stores for Pizza Hut and 112 stores for Costa Coffee. The company added 138 KFC stores, 93 Pizza Hut stores, 57 Costa Coffee stores and 126 new stores reaching a total of 490 stores by the end of FY23.
In 2023, it expanded its international presence by launching 13 new stores. Furthermore, the company extended its offerings by introducing a new lunch menu at KFC.
Devyani International Financial Highlights
- Revenue: Devyani International reported revenue of ₹5,656.59 crore in FY26 vs ₹4,988.04 crore in FY25. It showed an increase of 13.40% on a yearly basis.
- Operating Profit: Devyani International reported an operating loss of ₹56.87 crore in FY26 vs ₹12.79 crore in FY25. It showed a decrease of 544.64% on a year-on-year basis.
- Net Profit: Devyani International reported a net loss of ₹42.54 crore in FY26 vs ₹6.90 crore in FY25. It showed a decrease of 516.52% on a yearly basis.
Devyani International Quarterly Result Highlights
- Devyani International reported revenue of ₹1,451.01 crore in Mar 2026, compared with ₹1,453.23 crore in Dec 2025, representing a decrease of 0.15% on a quarter-on-quarter (QoQ) basis.
- Devyani International reported an operating loss of ₹18.13 crore in Mar 2026, compared with ₹14.91 crore in Dec 2025, representing a decrease of 21.60% on a quarter-on-quarter (QoQ) basis.
- Devyani International reported a loss of ₹9.84 crore in Mar 2026, compared with ₹10.98 crore in Dec 2025, reflecting an increase of 10.38% on a QoQ basis.
- The earnings per share (EPS) of Devyani International stood at ₹0.08 during Mar 2026.
