Devyani International Limited (DIL), the operator of KFC and Pizza Hut in India, reported a widened consolidated net loss of Rs. 147.38 crore for the fourth quarter of FY25, compared to a loss of Rs. 74.65 crore in the same period last year. The loss came amid rising expenses, despite robust revenue growth and operational expansion.
Revenue from operations for the quarter ended March 31 stood at Rs. 1,213 crore, marking a 15.81% year-on-year increase from Rs. 1,047 crore. The company’s EBITDA rose sharply by 43% to Rs. 187 crore, supported by improved operational efficiencies. However, total expenses during the quarter reached Rs. 1,247 crore, outpacing total income of ₹1,226 crore.
Same-store sales showed a mixed trend: Pizza Hut recorded a marginal 1% growth, while KFC experienced a 6.1% decline in same-store sales.
Commenting on the results, DIL Non-Executive Chairman Ravi Jaipuria said, “We are pleased to report that DIL continues to demonstrate strong momentum in its growth journey—both organically and through strategic acquisitions.”
For the full fiscal year, Devyani International posted consolidated revenue of Rs. 4,951 crore, a 39.2% increase over FY24. This growth was largely driven by the acquisition of KFC stores in Thailand and continued store rollouts across India. EBITDA for the year grew by 29.1%, with a margin of 17%.
Annual expenses rose significantly to Rs. 4,975 crore from Rs. 3,571 crore in the previous year, reflecting the company’s aggressive expansion strategy. In FY25, DIL opened 257 new stores, bringing its total footprint to 2,039 outlets. This includes 283 KFC stores in Thailand acquired in January 2024 as part of its international expansion.
Furthering its growth ambitions, Devyani International announced in April its intention to acquire up to an 80.72% stake in Sky Gate Hospitality, which operates popular food brands such as ‘Biryani By Kilo’, ‘Goila Butter Chicken’, and ‘The Bhojan’.
Despite short-term pressures on profitability, DIL remains focused on long-term growth through strategic acquisitions and continued expansion of its QSR portfolio.
