Conference Call with Devyani International Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Restaurants company Devyani International announced Q3FY25 results Consolidated Revenues stood at Rs 12.9 billion, growth of 53.5% vs Q3FY24. Consolidated Reported EBITDA closed at Rs 2.2 billion, with margins at 16.9%, an improvement of 60 basis points vs the Q2FY25. Margins witnessed an improvement in Q3FY25. Positive SSSG momentum across core brands & geographies. On track to commence the operation of new Brands by Q1FY26 Opened 111 net new stores during Q3FY25. Ravi Jaipuria, Non-Executive Chairman, Devyani International, said: “I am delighted to say that DIL has successfully met its store expansion guidance, crossing an impressive milestone of 2,000 stores in the recent quarter, across all brands and geographies - ahead of the original target. This achievement further enhances our market presence and reinforces our strategic position in the QSR industry. It also offers our customers greater access to our brands. Reflecting on Q3, our store expansion strategy has been a key driver of the company’s growth. We remain committed to this approach, ensuring a balance between expansion and storelevel performance. In Q3, we added 111 net new stores, bringing our total store count to 2,032 as of December 31, 2024. DIL’s consolidated revenue for the quarter stood at Rs 1,294 crores, reflecting a 53.5% YoY growth. We have also seen slightly better margin performance because of better SSSG and certain fresh cost optimization measures. I am glad to share that our brands continue to demonstrate consistency and excellence. In recognition of this, KFC was awarded the Most Admired Retailer of the Year for market expansion at the Pepsi Images Food Service Awards 2024.” Result PDF