Devyani International Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 12,221.56 million compared to INR 8,194.71 million a year ago. Revenue was INR 12,269.93 million compared to INR 8,260.48 million a year ago. Net income was INR 0.17 million compared to INR 333.52 million a year ago.
For the six months, sales was INR 24,440.57 million compared to INR 16,661.05 million a year ago. Revenue was INR 24,588.07 million compared to INR 16,795.06 million a year ago. Net income was INR 301.23 million compared to INR 451.1 million a year ago. Basic earnings per share from continuing operations was INR 0.25 compared to INR 0.37 a year ago. Diluted earnings per share from continuing operations was INR 0.25 compared to INR 0.37 a year ago.
Devyani International Limited is an India-based company that primarily 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. The Company operates through the Food and Beverages segment. Its geographical segments include Within India and Outside India. The Company holds the franchisees of Yum Brands in India, managing renowned brands KFC and Pizza Hut across India, also extending the franchisees to Nigeria (KFC), Nepal, and Thailand (KFC). The Company operated over 596 KFC stores and approximately 567 Pizza Hut stores across India. In addition, the Company is also a franchise of Costa Coffee brand in India, which is operated in approximately 179 Costa Coffee stores. The Company's subsidiaries include Devyani Food Street Private Limited, Devyani Airport Services (Mumbai) Pvt. Ltd., Devyani International Nepal Private Limited and RV Enterprizes Pte. Limited, and among others.
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