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Q1 FY’27 Results Presentation July 29, 2026 FOOD COURT – MANDI, HP COSTA – AMBIENCE MALL KFC – NOIDA SEC 50 KFC – VIZAG BBK - AGRAPH - HYDERABAD
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2 Disclaimer The 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 not constitute 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 in India. 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 is no 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-looking statements, 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 of this 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 on current 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’s actual results or performance to differ materially from any projected future results or performance expressed or implied by such statements. Further, certain figures (including amounts, percentages and 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 financial performance, 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 potential transaction 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 financial advisers. 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 exchange in 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 in this presentation. Further, nothing in this document should be construed as constituting legal, business, tax or financial advice.
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CHAIRMAN COMMENTS 3 We begin the new financial year on a strong note. The momentum we built through the second half of FY26 - anchored by KFC's strong same-store sales performance - has continued into Q1 FY27. I am pleased that most of our brand portfolio delivered positive SSSG during the quarter. KFC continues to post double-digit sales growth and delivered another positive SSSG of 3.3% during the quarter. Other brands in the portfolio like Biryani by Kilo, Costa, and Vaango maintained a 7%+ SSSG growth trajectory. Pizza Hut also delivered a sequentially better SSSG. The business has improved profitability and posted its highest ever EBITDA of Rs. 255 crs at 16.1% of the revenues. This is a testament to our capability and commitment to deliver sustainable profitable growth, despite the cost inflation on LPG and wage hike. The operating environment has remained volatile, along with the usual seasonal complexities. While the demand has remained stable so far, the forecast of a below-normal season, combined with El Niño risk, is a reminder that consumption recovery in India rarely moves in a straight line. The merger process with Sapphire Foods continues to progress along expected timelines. We received approvals from both the NSE and the BSE in June, bringing us closer to the next phase of regulatory filings. The timelines are broadly on track with our stated target of completion by the end of FY27. I want to once again thank Yum! Brands for their continued confidence in DIL and RJ Corp as their long-term partners. Under Manish's leadership, we have continued to strengthen our management bench. The new team is fully in place now and settling in well in their respective roles. I am encouraged by the early cultural and operational shifts that I see across the organization as we build what the team has called "DIL 2.0."
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Q1 FY27 - BUSINESS HIGHLIGHTS 4 Positive SSSG growth continues… ✓ KFC posted SSSG growth of +3.3% ; PH Sequentially better ✓ Costa Coffee SSSG +10.2% ✓ BBK and Vaango delivered +7.2% and +7.1% respectively. Delivered lifetime-high Operating & Reported EBITDA of INR 151 Cr & INR 255 Cr respectively ✓ Operating EBITDA grew +38% yoy. Reported EBITDA margin at 16.1%. ✓ Small inflation in Raw materials, LPG and wage costs. ✓ Highest PBT in 8 quarters at INR 22.9 Cr. Dine-in focussed strategy working as per plan ✓ Revenue improvement in Dine-in & Takeaway channels for both KFC & PH. ✓ Dine-in exclusive offers and campaigns delivered desired results. ✓ 2-pronged strategy – offline for recruitment & value ; online for convenience & accessibility.
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FY27 Q1 - PERFORMANCE HIGHLIGHTS 5 Store snapshot ✓ KFC - added 11 net new stores in India and 2 in Thailand ✓ BBK- 3 net additions ✓ Yearly store opening plan as per initial guidance Continued Revenue growth Q1 FY27 INR 15,805 Mn; +16.5% vs Q1 FY26 ✓ India Revenue INR 10,709 Mn; +14.9% vs Q1 FY26 ✓ KFC India INR 6,842 Mn; +11.7% vs Q1 FY26 ✓ International business INR 5,230 Mn; +20.7% vs Q1 FY26 Margin Performance Consolidated Gross Margin ✓ Q1 FY27 at 69.1%; +0.9% vs Q1 FY26 Brand Contribution ✓ Consolidated Q1 FY27 at 14.2% vs 13.1% in Q1 FY26 Earnings Performance Consolidated EBITDA ✓ Q1 FY27 INR 2,548 Mn ✓ EBITDA Margin at 16.1%, up 100 bps vs Q1 FY26
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Brand Q1 FY26 Q4 FY26 Q1 FY27 YUM BRANDS -4 -5 -2 1,422 1,420 KFC 8 -5 11 783 794 PH -12 0 -13 639 626 FRANCHISEE BRANDS 2 -5 -1 198 197 OWN BRANDS* 105 -1 1 217 218 Food-Courts/ Airports 0 -1 0 20 20 Total India 103 -12 -2 1,857 1,855 Thailand 1 -2 2 321 323 Nigeria 0 0 -1 40 39 Nepal 2 2 0 38 38 Total International 3 0 1 399 400 Total DIL 106 -12 -1 2,256 2,255 Stores as at 30 June 26 Stores as at 31 Mar 26 Net New Units (NNU) NEW STORE OPENINGS AND STORE COUNT 6NNU = Gross additions less Closures * Includes 23 BBK express stores *Q1 FY26 Includes 105 Sky-Gate stores acquired in June-25
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2,049 2,295 2,548 15.1% 16.0% 16.1% Q1 FY26 Q4 FY26 Q1 FY27 1,095 1,230 1,511 8.1% 8.6% 9.6% Q1 FY26 Q4 FY26 Q1 FY27 7 PERFORMANCE TREND – DIL CONSOLIDATED STORE COUNT (NOS) AT END OF PERIOD REVENUE FROM OPERATIONS GROSS MARGIN BRAND CONTRIBUTION OPERATING EBITDA REPORTED EBITDA ALL FIGURES IN INR MILLION, UNLESS SPECIFIED 1,777 2,021 2,243 13.1% 14.1% 14.2% - 2,000 4,000 6,000 8,000 10,000 Q1 FY26 Q4 FY26 Q1 FY27 2,145 2,256 2,255 Q1 FY26 Q4 FY26 Q1 FY27 5.1% 13,570 14,369 15,805 Q1 FY26 Q4 FY26 Q1 FY27 16.5% 9,252 9,886 10,915 68.2% 68.8% 69.1% - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 Q1 FY26 Q4 FY26 Q1 FY27
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8 PERFORMANCE TREND – DIL INDIA STORE COUNT (NOS) AT END OF PERIOD REVENUE FROM OPERATIONS GROSS MARGIN BRAND CONTRIBUTION OPERATING EBITDA ALL FIGURES IN INR MILLION, UNLESS SPECIFIED 6,487 6,705 7,597 69.6% 70.9% 70.9% - 5,000 10,000 15,000 20,000 25,000 30,000 Q1 FY26 Q4 FY26 Q1 FY27 1,131 1,224 1,397 12.1% 12.9% 13.0% Q1 FY26 Q4 FY26 Q1 FY27 654 667 853 7.0% 7.0% 8.0% Q1 FY26 Q4 FY26 Q1 FY27 1,767 1,857 1,855 Q1 FY26 Q4 FY26 Q1 FY27 5.0% 9,319 9,459 10,709 Q1 FY26 Q4 FY26 Q1 FY27 14.9%
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9 PERFORMANCE TREND – DIL INTERNATIONAL REVENUE FROM OPERATIONS GROSS MARGIN BRAND CONTRIBUTION All figures in INR Million, unless specified KFC ADS (‘000)STORE COUNT (NOS) AT END OF PERIOD Q1 FY26 Q4 FY26 Q1 FY27 Thailand (THB) 56 55 55 Nigeria (Naira) 1,006 1,011 1,046 Nepal (NPR) 145 146 159 4,332 5,033 5,230 - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Q1 FY26 Q4 FY26 Q1 FY27 20.7% 2,844 3,276 3,418 65.6% 65.1% 65.4% Q1 FY26 Q4 FY26 Q1 FY27 724 890 949 16.7% 17.7% 18.2% Q1 FY26 Q4 FY26 Q1 FY27 378 399 400 Q1 FY26 Q4 FY26 Q1 FY27 5.8%
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Core Brands – KFC – India AMBIENCE MALL, GURUGRAM
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Q1 FY27 New Stores Inorbit Mall, Vizag Hilite Chemmad, Kerala Felix Mall, Gurgaon Bearys Mall, Shimoga
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98 84 98 -0.7% 4.9% 3.3% Q1 FY26 Q4 FY26 Q1 FY27 54% 55% 57% 46% 45% 43% 6,126 5,855 6,842 704 783 794 Q1 FY26 Q4 FY26 Q1 FY27 12 REVENUE AND SALES MIX BUSINESS PERFORMANCE – KFC INDIA ADS’000 AND SSSG GROSS MARGIN BRAND CONTRIBUTION On-Premise Off-Premise All figures in INR Million, unless specified Stores SSSG% 4,112 4,069 4,745 67.1% 69.5% 69.4% Q1 FY26 Q4 FY26 Q1 FY27 947 993 1,154 15.5% 17.0% 16.9% Q1 FY26 Q4 FY26 Q1 FY27
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KFC MARKETING CAMPAIGNS
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14 Core Brands – Pizza Hut – India
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1,400 1,291 1,407 74.8% 76.3% 76.3% Q1 FY26 Q4 FY26 Q1 FY27 15 Revenue and Sales mix BUSINESS PERFORMANCE – PH INDIA ADS’000 and SSSG Gross Margin Brand Contribution On-Premise Off-Premise All figures in INR Million, unless specified 45% 46% 48% 55% 54% 52% 1,873 1,692 1,843 618 639 626 Q1 FY26 Q4 FY26 Q1 FY27 -20 -23 -36 -1.1% -1.4% -1.9% Q1 FY26 Q4 FY26 Q1 FY27 33 30 32 -4.2% -3.7% -2.2% Q1 FY26 Q4 FY26 Q1 FY27 Stores SSSG%
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PH MARKETING CAMPAIGNS
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201 217 218 Q1 FY26 Q4 FY26 Q1 FY27 17 PERFORMANCE TREND – OWN BRANDS Gross Margin All figures in INR Million, unless specified ADS (‘000) and SSSG%STORE COUNT (NOS) AT END OF PERIOD REVENUE FROM OPERATIONS BRAND CONTRIBUTION 350 911 978 Q1 FY26 Q4 FY26 Q1 FY27 245 596 644 70.1% 65.4% 65.9% Q1 FY26 Q4 FY26 Q1 FY27 23 72 99 6.7% 7.9% 10.2% Q1 FY26 Q4 FY26 Q1 FY27 * 23 Stores * Q1 FY26 Q4 FY26 Q1 FY27 Vaango ADS 24 25 26 Vaango SSSG% 0.7% 2.9% 7.1% BBK ADS 70 72 76 BBK express ADS* 18 21 BBK SSSG% -2.8% 3.2% 7.2% Acquired 105 Sky- Gate stores in June-25
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67 86 83 13.0% 16.1% 15.1% Q1 FY26 Q4 FY26 Q1 FY27 390 402 409 75.2% 74.9% 74.6% Q1 FY26 Q4 FY26 Q1 FY27 519 537 549 Q1 FY26 Q4 FY26 Q1 FY27 18 PERFORMANCE TREND – FRANCHISEE BRANDS Revenue from Operations Gross Margin Brand Contribution All figures in INR Million, unless specified ADS (‘000) and SSSG% REVENUE FROM OPERATIONS BRAND CONTRIBUTION 222 198 197 Q1 FY26 Q4 FY26 Q1 FY27 STORE COUNT (NOS) AT END OF PERIOD Q1 FY26 Q4 FY26 Q1 FY27 Costa ADS 26 28 29 Costa SSSG% 4.8% 1.9% 10.2%
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Summary Financials
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CONSOLIDATED PROFIT & LOSS STATEMENT 20 Particulars (INR Million) Q1’ FY26 Q4’ FY26 Q1’ FY27 Revenue from Operations 13,570 14,369 15,805 Other Income 135 141 192 Total Income 13,705 14,510 15,997 Raw Material Cost* 4,318 4,483 4,890 Gross Profit 9,252 9,886 10,915 Gross Margin 68.2% 68.8% 69.1% Employee benefits expense 2,011 2,093 2,301 Other expenses 5,192 5,498 6,066 Total Expenses 7,203 7,591 8,367 EBITDA 2,049 2,295 2,548 EBITDA Margin 15.1% 16.0% 16.1% Finance Costs 668 701 701 Depreciation & Amortization Expense 1,497 1,825 1,804 Impairment 0 118 11 Foreign exchange (gain)/loss (net) -12 -26 -5 Share of loss of joint ventures -1 -0 1 Exceptional items 0 0 0 Profit / (loss) before Tax (PBT) 29 (181) 229 (Loss)/ Profit from discontinued operation (2) 36 0 Tax Expense/ (Credit) 5 (47) 58 Profit (loss) after Tax (PAT) 22 (98) 171 *Includes Purchases of stock-in-trade
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Devyani International’s Q1 FY2027 Conference Call on Wednesday, July 29, 2026 at 2:30 PM IST Devyani International Limited (DIL), among the largest QSR players in India, will host a conference call for investors and analysts on Wednesday, July 29, 2026 at 2:30 PM IST to discuss its results and developments for the period ended June 30, 2026. The results will be announced earlier the same day. The senior management of the Company will be present to address the call. Timing : Wednesday, July 29, 2026 at 2:30 PM IST Pre-Registration : To enable participants to connect to the conference call without having to wait for an operator, please register at the link below: Conference Dial-In Primary Number : +91 22 6280 1141 / +91 22 7115 8042 Click here for Diamond Pass
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About Us Devyani International Limited is one of India’s largest chain quick service restaurant (QSR) operators, with a network of over 2,200 stores across more than 350 cities in India, Thailand, Nigeria, and Nepal. The Company’s portfolio represents a compelling blend of iconic global brands and successful homegrown concepts. DIL holds the distinction of being the largest franchisee of Yum! Brands in India and Nepal. In addition, DIL is the sole franchisee in India for several international brands, including Costa Coffee, New York Fries, and Sanook Kitchen. Complementing its global portfolio, DIL has developed strong indigenous brands such as Vaango, a South Indian vegetarian cuisine concept, and The Food Street, a food court format that brings multiple brands together under one roof to enhance consumer experience. DIL has also strengthened its Indian cuisine offerings through the acquisition of Sky Gate Hospitality, which owns popular brands such as Biryani By Kilo and Goila Butter Chicken. Please visit www.dil-rjcorp.com for more information. You may also reach out to: Safe Harbor Certain statements that may be made or discussed at the conference call may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, litigation, labour relations etc. Actual results might differ substantially from those expressed or implied. Devyani International will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Rajiv Kumar Anoop Poojari / Jenny Rose Devyani International Limited CDR India +91 124 478 6000 / +91 88601 68600 +91 98330 90434 / +91 86899 72124 rajiv.kumar@dil-rjcorp.com anoop@cdr-india.com Investor.relations@dil-rjcorp.com jenny@cdr-india.com
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Thank You!