Devyani Int. Latest Updates

$DEVYANI Q4 FY26 Financial Metrics: For the fourth quarter ended March 31, 2026, Devyani International Limited (DIL) reported a consolidated revenue from operations of ₹1,436.86 crore, marking a 17.08% year-on-year expansion. The quick-service restaurant (QSR) giant posted a consolidated net loss of ₹9.84 crore, narrowing by 41.3% from the net loss of ₹16.77 crore logged in Q4 FY25, driven by seasonal demand and operational stabilizing. Segment and Brand Execution: KFC India led performance with revenues of ₹585.5 crore (up 14.6% YoY), delivering a positive 4.9% Same-Store Sales Growth (SSSG). DIL's own internal brands grew 11.5% on a Like-For-Like (LFL) baseline to reach ₹91.1 crore. Conversely, Pizza Hut India faced minor demand headwinds, with revenue sliding 3.5% year-on-year to hit ₹169.2 crore, while international operations jumped 20% to reach ₹503.3 crore. Major Landmark Devyani-Sapphire Merger Approval: In a massive consolidation step for India's food retail landscape, the stock exchanges (NSE and BSE) officially granted a "No Objection" clearance on June 12, 2026, for the merger of Sapphire Foods into Devyani International. The composite scheme of arrangement will bring together two of India's biggest KFC and Pizza Hut franchise networks into a single platform with over 3,000 stores across 5 countries and an annualized revenue run-rate of ₹7,800–8,000 crore. Merger Structure and Next Legal Steps: The transaction is structured entirely through a share swap mechanism, where eligible shareholders will receive 177 equity shares of Devyani International for every 100 equity shares held in Sapphire Foods. Following the exchange observation clearances (valid for 6 months), the companies will next seek approvals from the Competition Commission of India (CCI) before formally filing the draft scheme ahead of the National Company Law Tribunal (NCLT).