Conference Call with Devyani International Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Restaurants company Devyani International announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Opened 85 net new stores. Consolidated Revenues stood at Rs 12.2 billion, growth of 49% vs Q2FY24. Consolidated Reported EBITDA closed at Rs 2.0 billion, with margin at 16.3% vs. 18.3% in the previous quarter. H1FY25 Financial Highlights: Opened 139 net new stores. Consolidated Revenues stood at Rs 24.4 billion, growth of 47% vs H1FY24. Consolidated Reported EBITDA closed at Rs 4.2 billion, with margin at 17.3% vs. 19.9% in H1FY24. Consolidated Highlights: Signed Master Franchise Agreements for 3 new brands - tealive, New York Fries and SANOOK KITCHEN. Total store count at 1,921 as of September 30, 2024 on track to achieve the guidance of 2,000 stores in FY25. Ravi Jaipuria, Non-Executive Chairman, Devyani International said: “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’. 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. As firm believers in India’s growth story, we are wellpositioned to capitalize on future opportunities and delivering value to all our stakeholders.” Result PDF