Devyani International

Devyani International reported a strong Q4 FY26 with consolidated revenue of INR 437 croresCurrent reported value: INR 437 crores. No comparable prior figure is available in the source record., up 18.5% YoYCurrent 18.5% vs previous available quarter 11.3%., driven by KFC's best performance in 14 quarters with 4.9% SSSGCurrent 4.9% SSSG. Reported change: +4.9pp YoY. and nearly 15Current reported value: 15. No comparable prior figure is available in the source record.% revenue growth. EBITDA came in at INR 123 croresCurrent reported value: INR 123 crores. No comparable prior figure is available in the source record. (8.6% margin), growing 13.8% YoY. The turnaround was led by a strategic shift to dine-in promotions, reducing online discounts, and stable raw material costs. International business crossed INR 500 crores for the first time, growing 20% YoY. Management guided for 200-225 net new stores in FY27, with KFC contributing 100-110. The proposed merger with Sapphire Foods remains on track for completion by end of FY27. Key risk: Pizza Hut continues to struggle with negative SSSG (-3.7%) and negative brand contribution, and the gas crisis remains an issue in some regions.