Devyani International, the operator of Pizza Hut in India, reports a Q2 FY25 loss of ₹4.92 crore while revenue climbs to ₹1,222.15 crore.
Devyani International Limited (DIL), India’s largest franchise operator for KFC and Pizza Hut, has reported a consolidated net loss of ₹4.92 crore in the second quarter (Q2) of FY25, ending September 30, 2024. Despite the loss, DIL showcased impressive growth in consolidated revenue from operations, rising by 49.2% to ₹1,222.15 crore in Q2 FY25 compared to ₹819.47 crore in Q2 FY24.
The company’s total expenses increased to ₹1,230.89 crore during the quarter, reflecting higher operational costs. Notably, DIL added 85 new stores across its portfolio, continuing its expansion drive and reinforcing its position in India’s quick-service restaurant (QSR) market.
In a significant move, DIL purchased exclusive master franchise rights to three trendy quick-service restaurants: TeaLive, New York Fries, and Sanook Kitchen. These partnerships mark a strategic diversification of the company’s offerings, catering to evolving consumer preferences for handcrafted teas, fresh-cut fries, and authentic Asian cuisine. The expansion aligns with DIL’s growth strategy, emphasizing its “Food on the Go” and “House of Brands” concepts.
Ravi Jaipuria, Non-Executive Chairman of DIL, expressed optimism about the company’s future despite the current challenges in the QSR industry. Highlighting DIL’s commitment to India’s growth story, he noted that the company is poised to leverage opportunities and deliver sustainable value to stakeholders.
Additionally, DIL announced the incorporation of a new venture, Devyani PVR INOX Private Limited, in collaboration with PVR INOX Limited. This joint venture, with a 51:49 economic interest split, aims to develop and operate food courts within shopping malls across India, further strengthening the company’s footprint in the retail food segment.
With a robust revenue growth trajectory and strategic partnerships, Devyani International remains committed to expanding its reach, engaging new consumer segments, and driving long-term growth in the dynamic QSR
Industry.
About Prestair system
We are proud to introduce ourselves as a leading manufacturer of innovative commercial food service equipment, backed by extensive refrigeration and cooking expertise. Established in 1982, our manufacturing facility in Noida.
Our diverse product lineup includes cooking equipment, storage systems, refrigeration units, display cabinets, bakery and deli display cases, hot food countertop products, and stainless steel fabrication. Prestair primarily serves key market segments, including the hotel, resort, and restaurant industries, food retailers, institutional food service accounts, and sweet/bakery retailers.
Keywords: Devyani International, Q2 FY25 results, KFC franchise India, Pizza Hut franchise India, quick-service restaurant industry, TeaLive franchise India, New York Fries India, Sanook Kitchen franchise, Ravi Jaipuria, food courts in shopping malls, QSR market growth, India food industry news.
For More Update/News Related to Restaurant Click Here: https://prestairsystem.com/news/