KFC-operator Devyani International on Monday recorded a profit growth of 156.0 per cent on-year during the first quarter of FY25 at Rs 30.11 crore, in comparison to Rs 11.76 crore reported during the same period of FY24. It posted revenue from operations at Rs 1221.90 crore, up 44.3 per cent as against Rs 846.63 crore during the corresponding quarter of previous fiscal year. Performance, it added, was supported by improved ADS and store additions. The company EBITDA stood at Rs 215.8 crore, up 71 per cent on-year.
“DIL results display resilience, and the company remains committed to expanding its store presence, in line with the earlier communicated guidance. DIL continues to focus on offering value-driven options to consumers to navigate market dynamics and drive growth,” the company said in a regulatory filing.
DIL added 54 net new stores with an aim to reach the consumers in its under-penetrated markets. With this addition, DlL’s total store count moves to 1,836 stores as of June 30, 2024 and it is projected to open 250- 275 new stores in FY25. The company maintained that it is on track to meet the target of 2000 stores across its brand portfolio within the current financial year.
Ravi Jaipuria, Non-Executive Chairman, Devyani International Limited, 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.”