Conference Call with Devyani International Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Resturants company Devyani International announced Q1FY25 results: Added 54 new stores - total store count at 1,836 as of June 30, 2024 Quarterly Revenues at Rs 12.2 billion - growth of 16.7% on QoQ basis EBITDA at 18.3% vs 16.6% in the previous quarter On track to meet 2,000 stores target within the financial year Commenting on the performance for Q1FY25 Ravi Jaipuria, Non-Executive Chairman, Devyani International said, “We witnessed an improved performance for DIL in Q1, driven by seasonality and cost leverage from better ADS across our businesses. Our Thailand business also demonstrates growth with new store openings and a customer delight strategy. We remain committed to expanding our store footprint and making our brands more accessible to our consumers. As announced earlier, we are on track to achieve a total store count of 2,000 stores within the current financial year. We are also focused on enhancing various institutional businesses, including food courts and airport presence. We are delighted with the positive progress in Q1 and shall continue to be relentless in our plans for the upcoming quarters.” Result PDF