Interim report
Page 1
July 29, 2026 To, Subject: Outcome of the Board Meeting and intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, The Board of Directors of the Company at its meeting held today i.e. July 29, 2026 (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the Unaudited Financial Results of the Company (Standalone and Consolidated) for the quarter ended June 30, 2026. A copy of the same along with Limited Review Reports issued by Walker Chandiok & Co LLP, Chartered Accountants and O P Bagla & Co LLP, Chartered Accountants, Joint Statutory Auditors of the Company, with unmodified opinion, are attached and the same are being uploaded on website of the Company. You are requested to take the above on record. Yours faithfully, For Devyani International Limited Pankaj Virmani Chief Sustainability Officer & Company Secretary Encl.: As above National Stock Exchange of India Ltd. Exchange Plaza, Block G, C/1, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Email: cmlist@nse.co.in Symbol: DEVYANI BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Email: corp.relations@bseindia.com Security Code: 543330
Page 2
■ DEWANI INTERNATIONAL LIMITED Devyani International Limited Corporate Identification Number: L15135HR1991PLC143853 Registered and corporate office: Plot No. 18, Sector-35, Gurugram - 122004, Haryana Tel: +91-124-4566300, E-mail: companysecretaty@dil-ijcorp.com, Website: www.dil-ijcorp.com Statement of consolidated financial results (INR in million, except for share data and if otherwise stated) Particulars For the quarter ended For the year ended 30 June 2026 31 March 2026 30 June 2025 31 March 2026 (Unaudited) (refer note 2) (Unaudited) (Audited) 1. Income (a) Revenue from operations (b) Other income Total income 2. Expenses (a) Cost of materials consumed (b) Purchases of stock-in-trade (c) Employee benefits expense (d) Finance costs (e) Depreciation and amortisation expense (f) Provision for impairment loss (net) (g) Foreign exchange gain (net) (h) Other expenses Total expenses 3. Profit/(loss) before share of loss of joint ventures and exceptional items (1-2) 4. Share of profit/(loss) of joint ventures accounted using equity method 5. Profit/(loss) before exceptional items and tax from continuing operations (3+4) 6. Exceptional items (refer note 4) 7. Profit/(Ioss) before tax from continuing operations (5-6) 8. Tax expense -Current tax -Adjustment of taxes relating to earlier years -Deferred tax (credit) Total tax expense/(credit) 9. Profit/(loss) from continuing operations after tax (7-8) 10. Profit/(loss) before tax from discontinued operations (refer note 6) Tax expense of discontinued operations 11. Profit/(loss) from discontinued operations after tax (refer note 6) 12. Profit/(loss) for the period/ year (9+11) 13. Other comprehensive income (a) Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans Income-tax relating to above mentioned item (b) Items that will be reclassified to profit or loss Exchange differences on translation of foreign operations Total other comprehensive income 14. Total comprehensive income for the period/ year (12+13) 15. Profit/(loss) attributable to: Owners of the Company Non controlling interests 16. Other comprehensive income attributable to: Owners of the Company Non controlling interests 17. Total comprehensive income attributable to: Owners of the Company Non controlling interests 18. Paid-up equity share capital (face value of INR 1/- each) 19. Other equity 20. Earnings/(loss) per equity share from continuing operations (of INR 1/- each) (not annualised for quarters) Basic (INR) Diluted (INR) 21. Earnings/(loss) per equity share from discontinued operations (of INR 1/- each) (not annualised for quarters) Basic (INR) Diluted (INR) 22. Earnings/(loss) per equity share from continuing and discontinued operations (of INR 1/- each) (not annualised for quarters) *^Basic (INR) Y ^^luted(INR) - 15,805.16 191.91 14,368.62 141.46 13,569.69 135.06 56,114.79 451.12 15,997.07 14,510.08 13,704.75 56,565.91 4,882.40 8.02 2,301.07 701.44 1,803.54 11.27 (5.18) 6,065.92 4,467.87 14.75 2,092.85 700.99 1,824.79 118.10 (26.45) 5,497.95 4,309.30 8.42 2,010.92 667.79 1,496.75 (11.65) 5,192.44 17,674.70 44.53 8,295.58 2,757.36 6,539.81 158.38 (101.79) 21,545.92 15,768.48 14,690.85 13,673.97 56,914.49 228.59 0.63 (180.77) (0.48) 30.78 (1.39) (348.58) (5.12) 229.22 (181.25) 2939 (353.70) - - - 215.03 229.22 (181.25) 2939 (568.73) 87.04 (28.86) 4.66 (52.02) 76.72 (71.55) 90.25 (3.79) (229.84) 58.18 (47.36) 5.17 (14338) 171.04 (133.89) 24.22 (42535) - 35.50 (1.94) - - - - - 35.50 (1.94) - 171.04 (9839) 22.28 (42535) (2.95) 1.82 (26.75) 20.39 (3.24) (68.97) 6.76 (1.28) 290.76 15.09 (1.65) 795.13 (27.88) (51.82) 296.24 808.57 143.16 (150.21) 318.52 383.22 146.47 24.57 (9.22) (18.66) 137.25 5.91 1,232.94 0.12 0.12 0.12 0.12 (100.43) 2.04 (2-41) (49.41) (102.84) (47.37) 1,232.94 (0.H) (0.H) 0.03 0.03 (0.08) (0.08) 36.88 (14.60) 152.06 144.18 188.94 129.58 1,231.94 0.03 0.03 (0.00)* (0.00)* 0.03 0.03 (386.31) (39.04) 441.11 367.46 54.80 328.42 1,232.94 14,185.28 (0.31) (0.31) (0.31) (031) off up to two decimal places ' ' ~ Yl si Vtt L ■ ■sis«srcR * +<3^3—-- 5 <DEN HFJCATJON ‘ +3/ PURPOSE ONLY
Page 3
DEVYANI Devyani International Limited Corporate Identification Number: LI 513 5HR1991 PLC 143853 Registered and corporate office: Plot No. 18, Sector-35, Gurugram - 122004, Haryana Tel: +91-124-4566300, E-mail: companysecretary@dil-ijcorp.com, Website: www.dil-ijcorp.com Statement of standalone financial results ___________________________ (INR in million, except for share data and if otherwise stated) Particulars For the quarter ended For the year ended 30 June 2026 31 March 2026 30 June 2025 31 March 2026 (Unaudited) (refer note 2) (Unaudited) (Audited) 1. Income (a) Revenue from operations 9,985.23 8,789.44 9,168.88 35,726.42 (b) Other income 248.40 167.61 162.11 575.03 Total income 10,233.63 8,957.05 9,330.99 36,301.45 2. Expenses (a) Cost of materials consumed 2,818.61 2,472.36 2,757.55 10,307.90 (b) Purchases of stock-in-trade 13.66 18.90 11.43 61.44 (c) Employee benefits expense 1,395.96 1,212.29 1,263.26 5,015.26 (d) Finance costs 582.56 575.13 553.60 2,262.36 (e) Depreciation and amortisation expense 1,252.41 1,218.62 1,046.77 4,446.02 (f) Impairment loss on non-current assets - 117.69 - 168.83 (g) Other expenses 4,063.91 3,524.07 3,626.40 14,327.05 Total expenses 10,127.11 9,139.06 9,259.01 36,588.86 3. Profit/(loss) before tax (1-2) 106.52 (182.01) 71.98 (287.41) 4. Exceptional items (refer note 4) - - - 208.62 5. ProfitZ(loss) before tax (3-4) 106.52 (182.01) 71.98 (496.03) 6. Tax expense -Current tax 73.94 (0.16) 70.97 62.48 -Adjustment of taxes relating to earlier years - - - (4.67) -Deferred tax credit (52.43) (54.50) (61.05) (222.35) Total tax expense/(credit) 21.51 (54.66) 9.92 (164.54) 7. Profit/(loss) after tax (5-6) 85.01 (127.35) 62.06 (331.49) 8. Other comprehensive income Items that will not be reclassified to profit or loss Remeasurements of defined benefit plan (2.29) 5.21 4.08 (3.19) Income tax relating to above mentioned item 0.58 (1.31) (1-03) 0.80 Total other comprehensive income (1.71) 3.90 3.05 (2.39) 9. Total comprehensive income for the period/ year (7+8) 83.30 (123.45) 65.11 (333.88) 10. Paid-up equity share capital (face value of INR 1/- each) 11. Other equity 1,232.94 1,232.94 1,231.94 1,232.94 13,815.11 12.Earnings/(loss) per share (of INR 1/- each) (not annualised for quarters) Basic (INR) 0.07 (0.10) 0.05 (0.27) Diluted (INR) 0.07 (0.10) 0.05 (0.27)
Page 4
DEVYANI INTERNATIONAL LIMITED Devyani International Limited Corporate Identification Number: L15135HR1991PLC143853 Registered and corporate office: Plot No. 18, Sector-35, Gurugram - 122004, Haiyana Tel: -r91-124-4566300, E-mail: companysecretary@dil-rjcorp.com, Website: www.dil-ijcorp.com Notes to consolidated and standalone financial results for the quarter ended 30 June 2026 1 In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these consolidated and standalone financial results ("financial results") for the quarter ended 30 June 2026 have been reviewed and recommended for approval by the Audit, Risk Management and Ethics Committee and accordingly have been approved by the Board of Directors of Devyani International Limited ("DIL” or the "Company") at their respective meetings held on 29 July 2026. The joint statutoiy auditors have conducted limited review of the financial results. 2 The figures for the quarters ended 31 March 2026 are the balancing figures between the audited figures for the year ended 31 March 2026 and the unaudited year to date figures up to the end of third quarter of the respective financial years, which were subjected to a limited review by the joint statutory auditors. 3 These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013 (read with SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016) and other recognised accounting practices and policies. 4 Exceptional items: (i) On 21 November 2025, the Government notified certain provisions of the Labour Codes, including a uniform definition of wages. Based on the actuarial valuation as at 31 December 2025, the Group and the Company had recognised an increase in post-employment defined benefit obligations (past sendee) and other long-term employee benefit obligations (compensated absences) of INR 122.13 million and INR 115.72 million respectively, arising from this legislative change. As this is a material, non-recurring impact of enactment, the related expense was presented as an exceptional item in these Consolidated and Standalone results respectively for the year ended 31 March 2026. (ii) Resolution proceedings relating to a lease dispute were concluded during the previous quarter without any results. To ensure continuity of operations, the Group paid INR 92.90 million under protest. As this payment is material and resulted from unusual incidence, it was presented as an exceptional item in these Consolidated and Standalone results for the year ended 31 March 2026. 5 During the previous quarter, the Board approved a Scheme of Arrangement (“the Scheme”) under Sections 230-232 of the Companies Act, 2013, for the amalgamation of Sapphire Foods India Limited with the Company, with effect from appointed date of 01 April 2026. Under the Scheme, the Company will issue 177 equity shares of Re. 1 each for every 100 equity shares of Rs. 2 each held in Sapphire Foods India Limited. The Company is in the process of obtaining necessary regulatory and other approvals. 6 On 10 June 2025, the Company acquired an 80.72% equity stake (on a fully diluted basis) in Sky Gate Hospitality Private Limited (“Sky Gate”), for an aggregate consideration of -INR 4,196 million, through a preferential issue of equity shares. Accordingly, Sky Gate and its subsidiaries became subsidiaries of the Company with effect from 10 June 2025. The acquisition was accounted for using the acquisition method under Ind AS 103 based on fair values of assets and liabilities acquired. Subsequently, the Company increased its equity stake in Sky Gate to -86.13% on a fully diluted basis. Further, during the quarter ended 31 March 2026, the Company acquired the remaining equity’ stake in Sky Gate from its Founders, consequent to w’hich, Sky Gate became a wholly-owned subsidiary’ of the Company. Sky Gate’s investment in Peanutbutter and Jelly Private Limited (“Peanutbutter”) and the business of Krazy Kebab Co. were classified as held for sale. Accordingly, their financial performance in the comparative periods was presented as discontinued operations in the consolidated financial results, net of recoveries made. During the quarter ended 31 December 2025, Sky Gate executed a Share Purchase Agreement with Heritage Foods Limited for sale of its entire 51% equity stake in Peanutbutter. Upon completion of the transaction in January 2026, Peanutbutter ceased to be a subsidiary’ of Sky Gate and a step down subsidiary of the Company. In March 2026, the Board had approved a Scheme of Amalgamation ("the Scheme") under Sections 230-232 of the Companies Act, 2013, involving amalgamation of Sky Gate and its wholly owned subsidiaries, Blackvelvet Hospitality Private Limited and Say Chefs Eatery Private Limited with and into the Company, with effect from appointed date of 01 April 2025. The Company had filed the First Motion Application with the Hon’ble National Company Law Tribunal at Chandigarh Bench (‘NCLT’) on 31 March 2026. On 23 July 2026, the NCLT has pronounced its First Motion Order. The Company is in the process of filing the Second Motion Petition. 7 The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. 8 The previous period/year numbers have been regrouped/reclassified wherever necessary' to conform to current period/year presentation. The impact of such reclassification/regrouping have been accordingly considered and not material to the financial results. For and on behalf of Boar f Directors of Devyani Jnternat^nal Liny ted nish Dawar Place : Gurugram Dated: 29 July 2026 ■ DEHTFiCAUOM e time Director sident & Group CEO) DIN: 00319476
Page 5
Walker Chandiok & Co LLP Chartered Accountants 21st Floor, DLF Square Jacaranda Marg, DLF Phase II Gurugram- 122002, India O P Bagla & Co LLP Chartered Accountants B-225, 5th floor, Okhla Industrial Area, Phase-1, New Delhi-110020 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Devyani International Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results (‘the Statement’) of Devyani International Limited (‘the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the Group’), and its joint ventures (refer Annexure 1 for the list of subsidiaries and joint ventures included in the Statement) for the quarter ended 30 June 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). 2. This Statement, which is the responsibility of the Holding Company’s management and approved by the Holding Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34’), prescribed under section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of one of the joint auditors, O P Bagla & Co LLP and other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We did not jointly review the interim financial information of eleven subsidiaries included in the Statement, whose financial information reflects total revenues of INR 6,002.25 million, total net profit after tax of INR 80.63 million, total comprehensive income of INR 100.05 million, for the quarter ended on 30 June 2026, as considered in the Statement. The Statement also includes the Group’s share of net profit after tax of INR 0.63 million and total comprehensive income of INR 0.63 million, for the quarter ended on 30 June 2026, as considered in the Statement, in respect of one of the joint ventures, whose interim financial information results have not been jointly reviewed by us. These interim financial information have been reviewed by one of the joint auditors, O P Bagla & Co LLP and other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and one of the joint ventures is based solely on the review reports of O P Bagla & Co LLP and such other auditors and the procedures performed by us as stated in paragraph 3 above.
Page 6
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) Further, of these subsidiaries, one subsidiary, is located outside India, whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective country and which have been reviewed by other auditor under ISRE 241 O-International Standard On Review Engagements applicable in their respective countries. The Holding Company’s management has converted the financial information of such subsidiary from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. One of the joint auditors, O P Bagla & Co LLP, has reviewed these conversion adjustments made by the Holding Company’s management. Our conclusion, in so far as it relates to the balances and affairs of this subsidiary located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by one of the joint auditors, O P Bagla & Co LLP. Our conclusion is not modified in respect of these matters with respect to our reliance on the work done by and the reports of O P Bagla & Co LLP and the other auditor. 6. The Statement includes the Group’s share of net profit after tax of INR Nil and total comprehensive income of INR Nil for the quarter ended 30 June 2026, as considered in the Statement, in respect of one of the joint ventures, whose interim financial information results has not been reviewed by their auditor and have been furnished to us by the Holding Company’s management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of one of this joint venture, is based solely on such unreviewed interim financial information. According to the information and explanations given to us by the management, this interim financial information is not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the financial information certified by the Board of Directors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 For O P Bagla & Co LLP Chartered Accountants Firm Registration No: 000018N/N500091 U_aIijMumar ranner Membership No.: 095256 UDIN: 26095256EDYREE7532 Place: Gurugram Date: 29 July 2026 Membership No.: 515763 UDIN: 26515763HKYNKJ5122 Place: Gurugram Date: 29 July 2026
Page 7
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) Annexure 1 List of entities included in the Statement *The Company is under liquidation. Entity name Relationship Devyani International Limited Holding Company Devyani International (Nepal) Private Limited Subsidiary RV Enterprises Pte. Limited Subsidiary Devyani International (Nigeria) Limited Step-down subsidiary Devyani International DMCC Subsidiary White Snow Company Limited Step-down subsidiary Blackbriar Company Limited Step-down subsidiary Yellow Palm Company Limited Step-down subsidiary Restaurant Development Co. Limited Step-down subsidiary Sky Gate Hospitality Private Limited Subsidiary Blackvelvet Hospitality Private Limited Step-down Subsidiary Say Chefs Eatery Private Limited Step-down Subsidiary Devyani RK Private Limited* Joint Venture Devyani PVR INOX Private Limited Joint Venture
Page 8
Walker Chandiok & Co LLP O P Bagla & Co LLP Chartered Accountants Chartered Accountants 21st Floor, DLF Square B-225, 5th floor, Jacaranda Marg, DLF Phase II Okhla Industrial Area, Phase-1, Gurugram- 122002, India New Delhi-110020 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Devyani International Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the Statement’) of Devyani International Limited (‘the Company’) for the quarter ended 30 June 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). 2. The Statement, which is the responsibility of the Company’s management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34’), prescribed under section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 ...... N^artner Membership No.: 095256 UDIN: 26095256NJLPQW4463 Place: Gurugram Date: 29 July 2026 For O P Bagla & Co LLP Chartered Accountants Firm Registration No: 000018N/N500091 Partner Membership No.: 515763 UDIN: 26515763WDOJLK2731 Place: Gurugram Date: 29 July 2026