Quick Service Restaurant (QSR) operator Devyani International reported financial results for the second quarter and half-year ending September 30, 2024.

Consolidated revenue for the second quarter of FY25 rose by 49% to ₹1,220 crore, while revenue for the first half of the fiscal increased by 47%, reaching ₹2,440 crore.

Devyani International, which is also the largest franchise for KFC & Pizza Hut, reported that earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin experienced a slight reduction.

For the quarter under review, consolidated reported EBITDA was ₹200 crore, with a margin of 16.3%, down from 18.3% in the previous quarter. For the first half of the year, EBITDA amounted to ₹420 crore, a margin of 17.3% against 19.9% in the previous year.

The company expanded its footprint, adding 85 net new stores in the second quarter and 139 in the six months bringing the total store count to 1,921 as of 30 September 2024. The company is on track to achieve its target of 2,000 stores by the end of the fiscal year.

Devyanni International also signed exclusive Master Franchise agreements for three brands — handcrafted tea chain Tealive; a Canadian premium quick-service brand known for its fresh-cut and loaded fries, New York Fries; and Singapore’s Sanook Kitchen which specialises in Thai and Asian cuisine.

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