DEVYANI / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Devyani International · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

21%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Dwanchal · MBA Global

evasive

Initial thoughts on key focus areas for next growth phase.

it is too early to kind of comment on this piece... our biggest priority will be to turn around the triple SC and ADS numbers... we will come back to you in due course of time.

Dwanchal · MBA Global

partial

Key initiatives leading to positive SSSG in Jan 26.

We experimented with some ideas on the promotions on the deals. we've changed little bit of our strategy in terms of how we deal with the online business and offline business.

Dwanchal · MBA Global

evasive

Whether improved gross margin was invested back to revive SSSG.

broadly we will be able to maintain the gross margins profile. I mean it could be here and there by some basis points but largely the gross margin profile will be maintained.

Jay Doshi · Kota

direct

Whether EBITDA margin of 124 cr is sustainable and can improve.

we feel so because... we've managed to turn around biryani by kilo to a break even level... Nepal Nigeria operations have done exceedingly well... we are hopeful that we should be able to maintain the IIDA numbers.

Jay Doshi · Kota

partial

Impact of cannibalization on KFC SSSG and thoughts on slowing store additions.

if you look at in the last 5 years we've gone to almost close to three to four times of what the base store count used to be... there will be some amount of cannibalization... we need to have a very differentiated strategy from an online and offline perspective.

Jay Doshi · Kota

evasive

Whether store opening commitments with Yum have been relaxed.

both the companies had independently signed the development agreements. They will continue... we will present the complete KFC strategy to Yum Brands and we will have that discussion.

Pages Sha · Aventus Spark Institutional Equities

evasive

Priority between fixing KFC or Pizza Hut first.

the biggest strategic move that we have taken is to consolidate the two companies... we will take over technology operations from Yum... once we overlay that with the operations piece I think it's a great win-win combination.

Pages Sha · Aventus Spark Institutional Equities

evasive

Other operational indicators supporting sustainability of Jan SSSG.

I'm not saying that... January has been positive and let's see it is just one month... we need to look at how the whole quarter goes.

Sakshia · Oldbridge Capital

evasive

How many loss-making Pizza Hut stores need to be shut and why they are not working.

we'll have to handle Pizza Hut from multiple fronts... shutting the lossmaking stores... it'll take a couple of years to finally sort it out... we will come back to you on that piece once we have more details.

Percy · IFL

evasive

Minimum SSSG needed for pre-Ind AS EBITDA margin expansion in FY27.

we will not be able to give you the guidance on FI27... if you look at KFC business, the ADS in the current quarter was 90,000... we've managed to improve the brand contribution by more than 200 basis points.

Percy · IFL

partial

Whether there is further margin improvement potential beyond current initiatives.

of course there is juice there is still juice there in the lemon... we learn from what is happening in the environment... with merger happening we will have the synergies also coming in.

Amit Sacha · UBS

declined

Details on initiatives driving January improvement and sustainability.

all of these are business confidential details and we will not be able to share that in the public forum.