Price-based indicators and levels
| Indicator | Value | Signal |
|---|---|---|
| Relative Strength Index (RSI) | +32.41 | Neutral |
| MACD | -3.33 | Bearish |

| Period | SMA | EMA |
|---|---|---|
| 20D Moving Average | 134.04 | 132.19 |
| 50D Moving Average | 135.89 | 132.11 |
| 200D Moving Average | 122.83 | 129.96 |

Devyani International Limited was originally incorporated as Universal Ice Creams Private Limited' at New Delhi as Private Company on December 13, 1991. Subsequently, name of the Company was changed to 'Devyani International Private Limited' dated 7 June, 2000 issued by the RoC. Thereafter, the the status converted into a Public Company and name of the Company was changed to 'Devyani International Limited' dated 9 May 2005. RJ Corp Limited is the holding company and held 57.98% of the paid-up equity share capital of the Company as of March 31, 2026. The Promoter(s)/ Promoter Group, including RJ Corp Limited, held 61.36% of the paid-up equity share capital of the Company as at March 31, 2026. The Company is a multi-dimensional comprehensive quick service restaurant (QSR) player in India. It is primarily engaged in the business of developing, managing and operating quick service restaurants and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, etc., and retail stores of TWG Tea. As of March 31, 2026, the Company has 2,256 stores across India, Nepal and Nigeria. In 1997, the Company signed a development agreement with PepsiCo Restaurants International (India) Private Limited for opening Pizza Hut outlets in North India, pursuant to which it commenced operations of first Pizza Hut outlet in Jaipur. In 2002, it acquired Speciality Restaurants Private Limited. In 2004, Speciality Restaurants Private Ltd was merged into and with the Company. In 2005, Company signed an International Development Agreement with Costa for opening Costa Coffee outlets in India. The first KFC store opened in Kolkata. In 2010, it opened the first KFC outlet in Nigeria. It opened e first KFC and Pizza Hut outlets in Nepal. Devyani Food Street Private Limited formed in a joint venture with Delhi International Airport Limited and the Company. In 2011, the Company launched its own brand for South Indian QSR- Vaango. In 2012, First Pizza Hut Delivery opened in Nepal. The Company acquired 60% stake in Delhi Select Service Hospitality Private Limited. IDBI Trusteeship Services Limited, acting through its Investment Manager, ICICI Venture Funds Management Company Limited invested Rs. 991.41 million in the Company. In 2015, it acquired Pizza Hut delivery stores from Yum India in Western and Southern India. In 2016, it acquired balance 40% stake in DFSPL from Delhi International Airport Private Limited for an aggregate consideration of Rs. 49.20 million. In 2017, it entered into a concession agreement with GMR Hyderabad International Airport Limited to operate and maintain the food court of Hyderabad Airport under the brand name Food Street'. In 2019, it acquired 13 KFC outlets and 61 KFC outlets with Yum India during FY 2020. As on 31 March 2019, the Company has 6 subsidiaries and 1 joint venture company. As of March 31, 2021, the Company operated 264 KFC stores and 297 Pizza Hut stores across India. In August 2021, it extended partnership with Costa Coffee parent. As of March 31, 2022, the Company operated in total 892 stores across 204 cities in India. It opened 246 new stores in FY 2021-22. It has operations in Nepal and Nigeria through a network of 46 stores. During the year 2021-22, the Board of Directors of Company in their meeting held on December 13, 2021 amalgamated both subsidiaries, Devyani Food Street Private Limited and Devyani Airport Services (Mumbai) Private Limited, with the Company. As on 31 March 2022, the Company has 5 subsidiaries. In FY22, it added 100 new stores to reach 364 stores. During 2022-23, the Company opened 305 Net New Units (NNUs), as against the previous highest addition of 246 NNUs, taking the total store count to 1,243 and store count across core brands to 1,165. The Company's portfolio as of FY 2023 stands at 543 stores for KFC, 510 stores for Pizza Hut and 112 stores for Costa Coffee. It added 138 KFC stores during the year; 93 Pizza Hut stores; 57 Costa Coffee stores and expanded the network by adding 126 new stores, reaching a total of 490 stores by year-end 2022-23. During 2023, the Company launched Flavour Fun Pizza. It launched 4 flagship stores. It introduced 13 stores for the international business and further launched the lunch menu at KFC. In FY24, the Company has opened its first-ever Vaango Store at Mumbai Central in partnership with IRCTC. Both KFC and Pizza Hut crossed important store milestones of 550 stores each & Costa Coffee has crossed 150 stores as of March 31, 2024. The Company's strategic expansion into Thailand QSR market with 288 KFC stores across the country has upscaled its International Business. The Company added 528 stores, taking the count of total restaurant to 1692 as of March 31, 2024. In FY23-24, Devyani Food Street Private Limited and Devyani Airport Services (Mumbai) Private Limited (erstwhile wholly-owned subsidiaries), have been merged with the Company effective from April 1, 2022 and the Scheme of Amalgamation is made effective from August 18, 2023. The Company opened 257 new stores across India and international markets, bringing the total number of outlets to 2,039 stores by March 2025. Devyani PVR INOX Private Limited was incorporated as a subsidiary of the Company in FY25. FY 2024-25 saw the opening of 235 new stores, including 63 for Pizza Hut, 100 for KFC, and 41 for Costa Coffee, expanding its presence into 30 new cities. After adding Mumbai street food to its expanding menu in March 2024, Company introduced a new line-up of traditional snacks, including Banana Chips, Murukku, and Madras Mixture, during FY 2024-25. In FY 2026, Company acquired ~ 80.72% equity stake of Sky Gate Hospitality Pvt Ltd, by entering into the Indian cruise segment. In January 2026, the Company announced a proposed merger with Sapphire Foods India Limited, having the combined entity expected to operate over 3,000 stores globally and generate approximately USD 1 billion in annual revenues. Company added 24 stores across Nepal and Thailand during 2026.

15 May 2026
Devyani International (DIL)'s consolidated net loss narrowed to Rs 9.8 crore in Q4 FY26 compared with net loss of Rs 16.8 crore in Q4 FY25.
Revenue from operations increased 18.49% year-on-year to Rs 1,436.9 crore in the quarter ended March 2026. Loss before tax stood at Rs 18.09 crore as against Rs 22.3 crore reported in the same period last year. EBITDA added 14.24% YoY to Rs 229.5 crore, while the EBITDA margin slipped to 16% from 16.6% in Q4 FY25. Total expenses increased 20.53% year-on-year (YoY) to Rs 759.1 crore in Q4 FY26. The cost of materials consumed were at Rs 448.29 crore (up 17.38% YoY), employee benefits expenses was at Rs 209.3 crore (up 22.68% YoY), and other expenses stood at Rs 549.80 crore (up 19.72% YoY). The company continued its strong expansion momentum in Q4FY26, taking its total store count to 2,256 as of 31 March 2026, after adding 217 net new stores during the year. Despite challenges arising from the LPG issue, operations remained resilient, with the impact being effectively managed. The company reported Q4 revenues of Rs 1,436.9 crore, reflecting an 18.5% year-on-year growth. KFC India contributed Rs 585.5 crore, up 14.6% YoY, while the own brands segment posted Rs 91.1 crore, registering an 11.5% increase on a like-for-like basis. Pizza Hut India reported revenue of Rs 169.2 crore, down 3.5% YoY, whereas the international business delivered strong growth of 20% YoY to Rs 503.3 crore. In Q4 FY26, the company delivered a strong performance despite a seasonally soft quarter, with robust same-store sales growth across key brands. KFC India posted SSSG of +4.9%, its highest in the last 14 quarters, while BBK recorded +3.2% SSSG, with Vaango and Costa also continuing their positive SSSG trajectory. International operations remained stable with sustained positive SSSG momentum and continued improvement in brand contribution margins on both a year-on-year and sequential basis. The company's growth strategy remained focused on disruptive value offerings, including combo and meal formats designed to enhance customer value while improving average order value, while also advancing expansion plans with BBK Express currently under pilot testing following the successful turnaround of BBK. Ravi Jaipuria, Non-Executive Chairman, DevyaniInternational, said, 'the year has been a defining one for Devyani International, marked by a challenging operating environment alongside transformational steps that strengthen the company's long-term growth trajectory. The proposed merger with Sapphire Foods represents a strategic combination of two scaled and complementary platforms, and upon completion, the merged entity is expected to emerge as one of the largest QSR players globally as well as one of the largest partners of Yum. The merger is expected to unlock meaningful synergies, enhance execution capabilities, and create a more agile organization with a diversified brand portfolio and expanded geographic reach. During the year, the company also advanced leadership transition initiatives under the guidance of its new CEO, Manish, with a strengthened management team being put in place. The focus remains on bringing in experienced, forward-looking professionals with strong operational and strategic capabilities, while leveraging technology, automation, and data-led decision-making to drive efficiency, scalability, and improved customer experience. Demand conditions during the quarter remained broadly stable, supported by policy stimulus and GST rationalization, while consumption trends across adjacent categories indicated resilience. In this environment, KFC delivered its strongest performance in the last 14 quarters, posting 4.9% SSSG and nearly 15% year-on-year growth, continuing to anchor the company's overall growth momentum. Other brands also maintained positive SSSG trends, while the store network expanded in a calibrated manner to reach 2,256 stores globally by year-end. Throughout the year, the company maintained disciplined execution with a focus on protecting unit economics, driving operational efficiencies, and ensuring financial prudence. Marketing initiatives remained centered on enhancing value perception and improving accessibility, which helped improve daily sales trends and sequential recovery in performance. Looking ahead, the company remains optimistic about demand recovery and continues to focus on disciplined expansion, profitability improvement, and deeper consumer engagement through innovation and digital initiatives. With the merger progressing, leadership capabilities strengthening, and demand indicators showing early recovery, the company believes it is well positioned to enter its next phase of growth from a position of strength.' Devyani International (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India. Shares of Devyani International rose 0.68% to Rs 118.11 on the BSE. Powered by Capital Market - Live News
Financial strength and ownership structure

Market Capitalisation
₹11,651.28

Price to Book (PB)
7.55

Price to Earnings (PE)
0.00

Return on Equity (ROE)
0.00%

Earnings Per Share (EPS)
-0.34

Dividend Yield
0.00%
Historical price movement and trading activity

Today's High
125.49

Today's Low
121.85

Open
124.2

Previous Close
123.63

Volume
879725

Total Traded Value High
108690378.61

