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Q1 FY’26Results PresentationAug 13th, 2025
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2 DisclaimerThe information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase any securities(“Securities”) of Devyani International Limited (the “Company”) in India, the United States or any other jurisdiction. This presentation should not, nor should anything contained in it, form the basis of,or be relied upon in any connection with any contract or commitment whatsoever. This presentation is not an offer of securities for sale in the United States or elsewhere. This presentation does notconstitute a prospectus, a statement in lieu of a prospectus, an offering circular, information memorandum, an invitation or advertisement or an offer document under the Companies Act, 2013,together with the rules thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 each as amended, or any other applicable law inIndia.This presentation may contain forward‐looking statements that involve risks and uncertainties. Forward‐looking statements are based on certain assumptions and expectations of future events.Actual future performance, outcomes and results may differ materially from those expressed in forward‐looking statements as a result of a number of risks, uncertainties and assumptions. There isno obligation on the Company or any of its directors, officers, employees, agents or advisers, or any of their respective affiliates, advisers or representatives to update or revise any forward-lookingstatements, whether as a result of new information, future events or otherwise and none of them shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use ofthis presentation or its contents or otherwise arising in connection with this presentation. You are cautioned not to place undue reliance on these forward-looking statements, which are based oncurrent view of the Company’s management on future events.The data and opinion expressed herein with respect to the Company is based on a number of assumptions and is subject to a number of known and unknown risks, which may cause the Company’sactual results or performance to differ materially from any projected future results or performance expressed or implied by such statements. Further, certain figures (including amounts, percentagesand numbers), as applicable, have been rounded-off to the nearest number and may not depict the exact number.We use a variety of financial and operational performance indicators to measure and analyze our financial performance and financial condition from period to period and to manage our business.Further, financial or performance indicators used here, have limitations as analytical tools, and should not be considered in isolation from, or as a substitute for, analysis of our historical financialperformance, as reported and presented in our financial statements. Further, past performance is not necessarily indicative of future results.This presentation has been prepared by the Company. This document is a summary only and does not purport to contain all of the information that may be required to evaluate any potentialtransaction and any recipient hereof should conduct its own independent analysis of the Company and their businesses, including the consulting of independent legal, business, tax and financialadvisers. The information in this presentation has not been independently verified and has not been and will not be reviewed or approved by any statutory or regulatory authority or stock exchangein India. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions inthis presentation. Further, nothing in this document should be construed as constituting legal, business, tax or financial advice.
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CHAIRMAN COMMENTS 3 India’s QSR industry is on a structural growth trajectory – underpinned by rising urbanization, growing income levels,increasing digital adoption, increase in female work participation rate and a growing appetite for convenience esp. amongyounger consumers. While near-term macro factors have led to a phase of soft consumer demand, we see a better outlookfor the industry in coming times. We are learning from the evolving consumer trends, and we need to reset our business tohave a differentiated and compelling proposition for our consumers whether they are online or offline. We strongly believethat our industry will remain a prime beneficiary of evolving consumer behavior. It’s important that job creation continues inthe economy with rising per capita income which will lead to higher consumption.Considering the significant market potential, we continue to execute on our long-term growth agenda. I am pleased toannounce that we have concluded the acquisition of Sky Gate Hospitality – which runs “Biryani by Kilo” and “Goila ButterChicken” brands and increased our stake to 86.13% subsequently. This gives us access to market leading brands toexpand our presence in the Biryani and Indian cuisine segment – one of the largest food categories in the country. SkyGate Hospitality has 105 outlets at present, and we are confident that these brands will be one of the key contributors toour expansion plans going forward.Our financial performance has been healthy. On a consolidated basis, Q1 revenues reached Rs. 1,357 Cr– a 11.1% YoYgrowth. This growth was driven by healthy growth from KFC, Costa and the Food Court business in India and supported by11.2% YoY growth in the international business. Reported EBITDA came in at Rs. 205 Cr with EBITDA margins at 15.1%.The slight dip in margins was due to deleverage from lower ADS YoY and investments in marketing and promotions in thequarter.As one of the leading QSR players, we are well positioned to benefit from the rebound in consumer spending. Our multi-cuisine, multi-format strategy caters to a broad spectrum of consumer tastes, occasions, and price points, while diversifyingaway from any category or geography specific risks. It also enhances our ability to capture opportunities across variedmarkets and evolving consumer trends. With the strength of our brands and our execution capabilities, we are confident ofour ability to deliver consistent growth. Our focus will remain on scaling profitably, strengthening both our core andemerging brands, and creating long-term value for all stakeholders.
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Q1 FY26 - PERFORMANCE HIGHLIGHTS 4 Sky-Gate Acquisition updates:•Sky-Gate acquisition complete. •Invested ~ Rs 103 crs in Sky-Gate; Equity stake increased to ~ 86.13%•Blackvelvet and Say Chefs have become fully-owned subsidiaries of Sky Gate.•Integration on trackContinued Revenue growthQ1 FY26 INR 13,570 Mn; +11.1% vs Q1 FY25KFC India INR 6,126 Mn ; +10.5% vs Q1 FY25PH India INR 1,873 Mn ; +3% vs Q1 FY25International business INR 4,332 Mn; +11.2% vs Q1 FY25 Margin PerformanceGross MarginQ1 FY26 at 68.2%; -1% vs Q1 FY25 Brand ContributionQ1 FY26 at 13.1%; -2.2% vs Q1 FY25; Earnings PerformanceConsolidated EBITDAQ1 FY26 INR 2,049 MnEBITDA Margin at 15.1%
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NEW STORE OPENINGS 5NNU = Gross additions less Closures* Includes 105 Sky-Gate stores** Includes 2 Tea live stores opened in Q1 FY26.** **
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1,836 2,039 2,145 Q1 FY25 Q4 FY25 Q1 FY262,234 2,008 2,049 18.3%16.6%15.1%Q1 FY25 Q4 FY25 Q1 FY261,414 1,081 1,095 11.6%8.9%8.1%Q1 FY25Q4 FY25Q1 FY26 8,450 8,306 9,252 69.2%68.5%68.2%0%10%20%30%40%50%60%70%80%90%100%Q1 FY25Q4 FY25Q1 FY266 PERFORMANCE TREND – DIL CONSOLIDATEDSTORE COUNT (NOS) AT END OF PERIODREVENUE FROM OPERATIONSGROSS MARGINBRAND CONTRIBUTIONOPERATING EBITDAREPORTED EBITDAALL FIGURES IN INR MILLION, UNLESS SPECIFIED * Note: 1. Q1 FY26 Store count includes 105 Sky- Gate stores 2. Sky- Gate financials have been consolidated starting 11thJune-25. 12,219 12,126 13,570 Q1 FY25 Q4 FY25 Q1 FY261,870 1,670 1,777 15.3%13.8%13.1%Q1 FY25 Q4 FY25 Q1 FY26
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1,724 1,504 1,492 20.5%18.8%16.0%Q1 FY25 Q4 FY25 Q1 FY261,001 689 654 11.9%8.6%7.0%Q1 FY25 Q4 FY25 Q1 FY261,362 1,070 1,131 16.2%13.4%12.1%Q1 FY25 Q4 FY25 Q1 FY26 6,037 5,691 6,487 71.9%71.0%69.6%Q1 FY25 Q4 FY25 Q1 FY268,399 8,012 9,319 Q1 FY25 Q4 FY25 Q1 FY267 PERFORMANCE TREND – DIL INDIAREVENUE FROM OPERATIONSGROSS MARGINBRAND CONTRIBUTIONOPERATING EBITDAREPORTED EBITDAAll figures in INR Million, unless specified 1,473 1,664 1,767 Q1 FY25 Q4 FY25 Q1 FY26* Note: 1. Q1 FY26 Store count includes 105 Sky- Gate stores 2. Sky- Gate financials have been consolidated starting 11thJune-25. STORE COUNT (NOS) AT END OF PERIOD
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Core Brands – KFC – India
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Q1 New Stores Kattappana Kerala Bicholim Market Road DicholiNTR Circle Madanapalle
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1,084 830 947 19.5%16.2%15.5%Q1 FY25 Q4 FY25 Q1 FY263,857 3,490 4,112 69.5%68.3%67.1%Q1 FY25 Q4 FY25 Q1 FY26 104 83 98 -7.0%-6.1%-0.7%Q1 FY25 Q4 FY25 Q1 FY2659%55%54%41%45%46%5,5465,1096,126617696704Q1 FY25Q4 FY25Q1 FY2610 REVENUE AND SALES MIX BUSINESS PERFORMANCE – KFC INDIA ADS AND SSSGGROSS MARGINBRAND CONTRIBUTIONADS: Average Daily sales in ‘000 On-PremiseOff-Premise On-Premise = Dine-in, Eat-in or Takeaway ; Off-Premise = Delivered (either Own or Aggregator)All figures in INR Million, unless specified StoresSSSG%
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KFC MARKETING CAMPAIGNS
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12 Core Brands – Pizza Hut – India
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90 13 -20 5.0%0.7%-1.1%Q1 FY25 Q4 FY25 Q1 FY261,397 1,326 1,400 76.8%75.6%74.8%Q1 FY25 Q4 FY25 Q1 FY26 36 31 33 -8.6%1.0%-4.2%Q1 FY25 Q4 FY25 Q1 FY2645%44%45%55%56%55%1,8191,7541,873570630618Q1 FY25 Q4 FY25 Q1 FY2613 Revenue and Sales mix BUSINESS PERFORMANCE – PH INDIAADS and SSSGGross MarginBrand ContributionADS: Average Daily sales in ‘000On-PremiseOff-Premise On-Premise = Dine-in, Eat-in or Takeaway ; Off-Premise = Delivered (either Own or Aggregator)All figures in INR Million, unless specified StoresSSSG%
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PH MARKETING CAMPAIGNS
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341 398 390 75.0%76.1%75.2%Q1 FY25Q4 FY25Q1 FY2615 PERFORMANCE TREND – FRANCHISEE BRANDSStores Count (Nos)Revenue from OperationsGross MarginBrand ContributionAll figures in INR Million, unless specified ADS (‘000)STORE COUNT (NOS) AT END OF PERIODREVENUE FROM OPERATIONSBRAND CONTRIBUTION* 192 220 222 Q1 FY25 Q4 FY25 Q1 FY26455 523 519 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26Costa 28 27 2668 92 67 15.0%17.6%13.0%Q1 FY25 Q4 FY25 Q1 FY26
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41 37 23 23.9%19.2%6.7%Q1 FY25 Q4 FY25 Q1 FY26138 152 245 80.6%79.2%70.1%Q1 FY25 Q4 FY25 Q1 FY2672 96 201 Q1 FY25 Q4 FY25 Q1 FY2616 PERFORMANCE TREND – OWN BRANDSStores Count (Nos)Revenue from OperationsGross MarginBrand ContributionAll figures in INR Million, unless specified ADS (‘000)STORE COUNT (NOS) AT END OF PERIODREVENUE FROM OPERATIONSBRAND CONTRIBUTIONQ1 FY25 Q4 FY25 Q1 FY26 Vaango 30 23 24 BBK+ **70* 172 192 350 Q1 FY25 Q4 FY25 Q1 FY26*Note: 1. Q1 FY26 Store count includes 105 Sky- Gate stores 2. Sky- Gate financials have been consolidated starting 11thJune-25.
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363 375 378 Q1 FY25 Q4 FY25 Q1 FY26577 677 724 14.8%16.1%16.7%Q1 FY25 Q4 FY25 Q1 FY262,482 2,692 2,844 63.7%64.2%65.6%0%10%20%30%40%50%60%70%80%90%100%Q1 FY25 Q4 FY25 Q1 FY263,897 4,195 4,332 Q1 FY25 Q4 FY25 Q1 FY2617 PERFORMANCE TREND – DIL INTERNATIONALREVENUE FROM OPERATIONSGROSS MARGINBRAND CONTRIBUTIONAll figures in INR Million, unless specified ADS (‘000)Q1 FY25 Q4 FY25 Q1 FY26Thailand (THB) 59 55 56Nigeria (Naira) 1,064 962 1,006Nepal (NPR) 126 109 113STORE COUNT (NOS) AT END OF PERIOD
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18 Q1 New Stores: International Business Susco Pinklao, Thailand Major Ratchayothin, Thailand PTTOR Chianyai, Thailand Labim Mall, Nepal
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Summary Financials
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CONSOLIDATED PROFIT & LOSS STATEMENT 20 Particulars (INR Million) Q1’ FY25 Q4’ FY25 Q1’ FY26 Revenue from Operations 12,219 12,126 13,570 Other Income 99 132 135 Total Income 12,318 12,258 13,705 Raw Material Cost 3,769 3,819 4,318 Gross Profit 8,450 8,306 9,252 Gross Margin 69.2% 68.5% 68.2% Employee benefits expense 1,682 1,706 2,011 Other expenses 4,534 4,592 5,192 Total Expenses 6,216 6,298 7,203 EBITDA 2,234 2,008 2,049 EBITDA Margin 18.3% 16.6% 15.1% Finance Costs 630 695 668 Depreciation & Amortization Expense 1,322 1,518 1,497 Impairment -0 136 0 Foreign exchange (gain)/loss (net) 76 13 -12 Share of loss of joint ventures & Loss from discontinued operation0 0 3 Profit / (loss) before Tax (PBT) 305 -223 27 Tax Expense 81 -56 5 Profit (loss) after Tax (PAT) 224 -168 22
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Devyani International’s Q1 FY2026 Conference Call on Wednesday, August 13, 2025 at 2:30 PM ISTDevyani International Limited (DIL), a multi-dimensional comprehensive QSR player in India, will host a conference call for investors and analysts on Wednesday, August13, 2025 at 2:30 PM IST to discuss its results and developments for the first quarter ended June 30, 2025.The results will be announced earlier the same day.The senior management of the Company will be present to address the call.Please dial the below number 5-10 minutes prior to the scheduled start to ensure that you are connected to the call-in time
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About UsDevyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chainquick service restaurants (QSR) in India, on a non-exclusive basis, and operates more than 2,000 stores across more than 280cities in India, Nigeria, Nepal and Thailand, as of March 31, 2025. In addition, DIL is the sole franchisee for Costa Coffee, TeaLive, New York Fries and Sanook Kitchen in India.Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than60,000 restaurants in over 155 countries.Founded in London by Italian brothers Sergio and Bruno Costa in 1971, Costa Coffee is present in 41 countries around the world,with over2,800+ coffee shops in the UK&I and 1,100+ globallyPlease visit www.dil-rjcorp.comfor more information. You may also reach out to:Safe HarborCertain statements that may be made or discussed at the conference call may be forward-looking statements. Such forward-looking statements aresubject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, litigation, labour relationsetc. Actual results might differ substantially from those expressed or implied. Devyani International will not be in any way responsible for any actiontaken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflectsubsequent events or circumstances.Manish Dawar / Rajiv Kumar Anoop Poojari / Jenny RoseDevyani International Limited CDR India+91 124 478 6000 / +91 88601 68600 +91 98330 90434 / +91 86899 72124rajiv.kumar@dil-rjcorp.com anoop@cdr-india.comInvestor.relations@dil-rjcorp.com jenny@cdr-india.com
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Thank You!