Devyani International Management Guidance Tracker
11 forward-looking guidance items tracked across 3 quarters.
Margins
Management reiterated achieving brand contribution breakeven for Skygate by end of FY26, with steady progress reported.
Q3 FY26Corporate G&A: ~5% of revenueActiveManagement guided corporate G&A at approximately 5% of revenue for FY27, excluding one-time items.
Expansion
KFC India on track to open 100-110 net new stores in FY26; 30 added in Q2.
Q2 FY26Thailand KFC store additions: 20-21 stores in FY26ActiveInternational business to add 20-21 KFC stores in Thailand during FY26.
Q3 FY26Pizza Hut net store additions: zero in CY2026ActiveManagement plans no net new Pizza Hut stores in calendar 2026, focusing on shutting loss-making stores and maintaining store count broadly at Dec 2025 levels.
Q3 FY26KFC store additions: 110-120 per yearActiveDevyani plans to add 110-120 KFC stores annually, consistent with past guidance, post-merger.
Q4 FY26Net store additions of 200-225 in FY27TrackedManagement expects to add 200-225 net new stores in FY27, with KFC contributing 100-110 stores and the balance from Costa Coffee, Biryani by Kilo, and international businesses.
Capex
Other
Estimated annual merger synergies from the Sapphire Foods merger are ₹210-225 crore, expected to be realized post-merger completion.
Q4 FY26Merger with Sapphire Foods on track for completion by end of FY27TrackedThe proposed merger is progressing as per plan, with filings completed and CCI application expected shortly. Completion is targeted by end of the current fiscal year.