Reported Earnings • May 17
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: ₹0.31 loss per share (down from ₹0.076 profit in FY 2025). Revenue: ₹56.6b (up 14% from FY 2025). Net loss: ₹386.3m (down ₹477.8m from profit in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 118%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Annuncio • May 08
Devyani International Limited to Report Q4, 2026 Results on May 15, 2026 Devyani International Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 15, 2026 Buy Or Sell Opportunity • Apr 29
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹128. The fair value is estimated to be ₹99.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Mar 10
Devyani International Limited (NSEI:DEVYANI) completed the acquisition of remaining 11.40% stake in Sky Gate Hospitality Pvt. Ltd. from Kaushik Kumar Roy and others. Devyani International Limited (NSEI:DEVYANI) agreed to acquire remaining 11.40% stake in Sky Gate Hospitality Pvt. Ltd. from Kaushik Kumar Roy and others for approximately INR 570 million on February 4, 2026. As part of consideration, Devyani International Limited will pay INR 275 million in cash and will issue and allotment of 3,00,000 fully paid-up 0.001% Non convertible Redeemable Preference Shares of INR 1000 per share, Pvt. Ltd. Upon completion, Devyani International Limited will own 100% stake in Sky Gate Hospitality Pvt. Ltd.
For the period ending March 31, 2025, Sky Gate Hospitality Pvt. Ltd. reported total revenue of INR 2.77 billion. The transaction is not subject to regulatory approvals and has been approved by the board of directors of Devyani International Limited. The transaction has received approval from the shareholders of Devyani International Limited.
The transaction is expected to close by March 31, 2026.
Devyani International Limited (NSEI:DEVYANI) completed the acquisition of remaining 11.40% stake in Sky Gate Hospitality Pvt. Ltd. from Kaushik Kumar Roy and others on March 9, 2026. Following the receipt of Devyani International shareholder approval, Devyani International has issued 300,000 Non-convertible Redeemable Preference Shares at a par value of INR 1,000 each, amounting to approximately INR 300 million. This issuance was made on a private placement basis to Kaushik Kumar Roy, the promoter and founder of Sky Gate, as part of the consideration for the acquisition. Additionally, Devyani has paid INR 275 million in cash to the founders and promoters of Sky Gate to settle the remaining consideration. Reported Earnings • Feb 05
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: ₹0.072 loss per share (further deteriorated from ₹0.004 loss in 3Q 2025). Revenue: ₹14.5b (up 12% from 3Q 2025). Net loss: ₹94.0m (loss widened ₹89.1m from 3Q 2025). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Annuncio • Feb 04
Devyani International Limited (NSEI:DEVYANI) agreed to acquire remaining 11.40% stake in Sky Gate Hospitality Pvt. Ltd. for approximately INR 570 million. Devyani International Limited (NSEI:DEVYANI) agreed to acquire remaining 11.40% stake in Sky Gate Hospitality Pvt. Ltd. for approximately INR 570 million on February 4, 2026. As part of consideration, Devyani International Limited will pay INR 275 million in cash and will issue and allotment of 3,00,000 fully paid-up 0.001% Non convertible Redeemable Preference Shares of INR 1000 per share, Pvt. Ltd. Upon completion, Devyani International Limited will own 100% stake in Sky Gate Hospitality Pvt. Ltd.
For the period ending March 31, 2025, Sky Gate Hospitality Pvt. Ltd. reported total revenue of INR 2.77 billion. The transaction is not subject to regulatory approvals and has been approved by the board of directors of Devyani International Limited. The transaction is expected to close by March 31, 2026. Annuncio • Feb 02
Devyani International Limited to Report Q3, 2026 Results on Feb 04, 2026 Devyani International Limited announced that they will report Q3, 2026 results on Feb 04, 2026 Buy Or Sell Opportunity • Jan 30
Now 21% overvalued Over the last 90 days, the stock has fallen 28% to ₹116. The fair value is estimated to be ₹95.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 07
Second quarter 2026 earnings released: ₹0.16 loss per share (vs ₹0 in 2Q 2025) Second quarter 2026 results: ₹0.16 loss per share (further deteriorated from ₹0 in 2Q 2025). Revenue: ₹13.8b (up 13% from 2Q 2025). Net loss: ₹195.2m (down ₹195.4m from profit in 2Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Annuncio • Oct 31
Devyani International Limited to Report Q2, 2026 Results on Nov 06, 2025 Devyani International Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.032 (vs ₹0.25 in 1Q 2025) First quarter 2026 results: EPS: ₹0.032 (down from ₹0.25 in 1Q 2025). Revenue: ₹13.6b (up 11% from 1Q 2025). Net income: ₹38.8m (down 87% from 1Q 2025). Profit margin: 0.3% (down from 2.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Annuncio • Aug 06
Devyani International Limited to Report Q1, 2026 Results on Aug 13, 2025 Devyani International Limited announced that they will report Q1, 2026 results During-Market on Aug 13, 2025 Reported Earnings • Jul 09
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹0.076 (down from ₹0.39 in FY 2024). Revenue: ₹49.5b (up 39% from FY 2024). Net income: ₹91.5m (down 81% from FY 2024). Profit margin: 0.2% (down from 1.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Annuncio • Jul 07
Yum! Brands Reportedly in Talks to Facilitate Devyani, Sapphire Merger Yum! Brands, Inc. (NYSE:YUM), the American owner of fast-food restaurant chains KFC and Pizza Hut, is in talks to facilitate a merger of Devyani International Limited (NSEI:DEVYANI) and Sapphire Foods India Limited (NSEI:SAPPHIRE)—its publicly-traded franchisee partners in the country, people aware of the developments said. The negotiations could result in Sapphire Foods getting absorbed by DIL through a share swap deal. This would entail the latter either acquiring the franchisee rights of KFC and Pizza Hut from Sapphire Foods, or all of KFC’s franchisee stores in India getting consolidated under DIL, the people cited above said. One of the persons cited above said a 1:3 share swap ratio is being prepared with Sapphire shareholders getting one share of DIL for every three owned. This plan could not be independently verified. "There are direct synergies for DIL, since it is owned by PepsiCo’s bottling partner Varun Beverages Ltd. (VBL),” a second person said. Annuncio • Jun 11
Devyani International Limited (NSEI:DEVYANI) completed the acquisition of 80.72% stake in Sky Gate Hospitality Pvt Ltd for INR 3.9 billion. Devyani International Limited (NSEI:DEVYANI) signed a letter of intent to acquire 80.72% stake in Sky Gate Hospitality Pvt Ltd for INR 4.2 billion on April 19, 2025. For the year ended March 31, 2025, Sky Gate Hospitality Pvt Ltd reported revenue of INR 2.77 billion. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by acquirer board. The board of directors of Devyani International Limited approved the acquisition on April 24, 2025. As of May 17, 2025, the deal has been approved by the shareholders of Devyani International Limited. As of May 23, 2025, the deal is expected to close by the end of May 2025. As of June 9, 2025, the deal has received the approval of National Stock Exchange of India Limited and BSE Limited.
Devyani International Limited (NSEI:DEVYANI) completed the acquisition of 80.72% stake in Sky Gate Hospitality Pvt Ltd on June 10, 2025. Reported Earnings • May 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹0.08 (down from ₹0.39 in FY 2024). Revenue: ₹49.9b (up 40% from FY 2024). Net income: ₹91.5m (down 81% from FY 2024). Profit margin: 0.2% (down from 1.3% in FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Third quarter 2025 earnings released: ₹0.004 loss per share (vs ₹0.08 profit in 3Q 2024) Third quarter 2025 results: ₹0.004 loss per share (down from ₹0.08 profit in 3Q 2024). Revenue: ₹12.9b (up 54% from 3Q 2024). Net loss: ₹4.92m (down 105% from profit in 3Q 2024). Profit margin: 0% (down from 1.1% in 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Feb 11
Devyani International Limited Approves Appointment of Deepak Kumar as Head of Finance (Senior Management Personnel) Devyani International Limited at the board meeting held on February 11, 2025, approved the appointment of Deepak Kumar as Head of Finance (Senior Management Personnel) of the Company, with effect from February 11, 2025. Mr. Deepak Kumar is a commerce graduate and Chartered Accountant with experience of over 20 years. He has worked with companies like Chambal Fertilizers and Chemicals Limited, Nestle India Limited, Whirlpool of India Limited, Apollo Tyres Limited and Bridgestone India. Annuncio • Nov 26
Devyani International Limited Announces Executive Changes Devyani International Limited announced that Mr. Sreejit Madhavan Nair, CEO-Costa Coffee (designated as Senior Management Personnel), has tendered his resignation from the services of the Company effective from close of business hours of January 8, 2025. Mr. Kamaljit Singh Bedi, CEO- Institutional Business and New Business Ventures (a Senior Management Personnel), who currently has the responsibility for all operations pertaining to Institutional Business and New Business Ventures, shall be taking over from Mr. Sreejit Madhavan Nair, in his new role as CEO- Costa Coffee and Airport Business. Mr. Bedi has been the CEO- Institutional Business and New Business Ventures of the Company since May 14, 2024. He is a Post- Graduate in Marketing and Export Management and has enriched experience of over 25 years working with companies/brands like ITC, Levi's, Airtel, Mattel Inc, BIBA, Creambell and Rich Products. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹0 (vs ₹0.28 in 2Q 2024) Second quarter 2025 results: EPS: ₹0 (down from ₹0.28 in 2Q 2024). Revenue: ₹12.3b (up 50% from 2Q 2024). Net income: ₹170.0k (down 100% from 2Q 2024). Profit margin: 0% (down from 4.1% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Oct 23
Devyani International Limited Approves the Appointment of Shivashish Pandey as CEO - Yum Brands, Effective from October 28, 2024 Devyani International Limited informed that as per the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company vide Circular Resolution passed
on October 23, 2024 approved the appointment of Mr. Shivashish Pandey as CEO - Yum Brands (Senior Management Personnel of the Company) with effect from October 28, 2024. Mr. Shivashish Pandey is a Commerce Graduate, Chartered Accountant and has done Advanced Management Program from Harvard Business School. He has more than two decades of experience of working at leadership positions in various companies including as the CEO of PT. Fast Food Indonesia Tbk, a listed QSR company in Indonesia, with over 700 stores of KFC and Taco Bell. He has also been earlier associated with the Company for a short-term in the capacity of Chief Business Development Officer and CEO-Pizza Hut. Annuncio • Aug 15
Devyani International Limited Announces Resignation of Devesh Dubey, Head-Projects and Maintenance Devyani International Limited announced that Mr. Devesh Dubey, Head-Projects and Maintenance (designated as Senior Management Personnel) has tendered his resignation from the services of the company effective from close of business hours of August 13, 2024. Reported Earnings • Aug 06
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹0.25 (up from ₹0.10 in 1Q 2024). Revenue: ₹12.2b (up 44% from 1Q 2024). Net income: ₹301.1m (up 156% from 1Q 2024). Profit margin: 2.5% (up from 1.4% in 1Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Annuncio • Jul 13
Devyani International Limited to Report Q1, 2025 Results on Aug 05, 2024 Devyani International Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Reported Earnings • Jun 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹0.39 (down from ₹2.20 in FY 2023). Revenue: ₹35.6b (up 19% from FY 2023). Net income: ₹472.6m (down 82% from FY 2023). Profit margin: 1.3% (down from 8.8% in FY 2023). Same store sales growth: Down 4.6% vs FY 2023 Total stores: 1,782 (up by 539 from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Annuncio • May 16
Devyani International Limited, Annual General Meeting, Jul 05, 2024 Devyani International Limited, Annual General Meeting, Jul 05, 2024. Reported Earnings • May 15
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: ₹0.39 (down from ₹2.20 in FY 2023). Revenue: ₹35.9b (up 20% from FY 2023). Net income: ₹472.6m (down 82% from FY 2023). Profit margin: 1.3% (down from 8.8% in FY 2023). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Annuncio • May 15
Devyani International Limited Approves the Appointment of Kamaljit Singh Bedi as CEO, Institutional Business and New Business Ventures Devyani International Limited at its board of directors meeting held May 14, 2024, Approved the appointment of Mr. Kamaljit Singh Bedi as CEO - Institutional Business and New Business Ventures (Senior Management Personnel of the Company), with effect from May 14, 2024. Mr. Kamaljit Singh Bedi is a Post Graduate in Marketing and Export Management and has enriched experience of over 25 years working with companies like ITC, Levi's, Airtel, Mattel Inc, BIBA, Creambell and Rich Products. Annuncio • May 08
Devyani International Limited Announces the Resignation of Gaurav Gupta as Head of Finance Devyani International Limited announced that Mr. Gaurav Gupta, Head of Finance (designated as Senior Management Personnel), has tendered his resignation from the services of the Company effective from close of business hours of May 7, 2024. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Prashant Purker was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 23
Devyani International Limited Announces Cessation of Naresh Trehan as Independent Director Devyani International Limited announced that upon completion of first term at the close of business hours April 20, 2024, Dr. Naresh Trehan ceased to be an Independent Director of the Company. Annuncio • Mar 21
Devyani International Limited Announces Executive Changes, Effective March 29, 2024 Devyani International Limited announced the resignation of Mr. Rajat Luthra as CEO-KFC, Effective from March 29, 2024. Mr. Pradeep Das, CEO - Airports & Institutional Business (a Senior Management Personnel), who currentlyhas the responsibility for all operations pertaining to Airports & Institutional Business, shall be taking over from Mr. Rajat Luthra, in his new role as CEO - KFC. He is already a Senior Management Personnel. However, he has been designated as CEO-KFC,effective from March 29, 2024. Mr. Das has been associated with the Company since December 2022 as CEO- Airports & Institutional Business. He is an IHM Kolkata graduate and attended Management Development Programme from IIM Kolkata. He holds an International Executive Master's in Business from SDA Bocconi, School of Management, Milan Italy. He brings over two decades of experience in the Hospitality and Retail Industry. He has worked with organizations like RPG Group (Nature's Basket), Future Retail Limited and Hypercity India Pvt. Ltd. Annuncio • Feb 22
Yum Restaurants Reportedly Likely to Sell Entire 4.4% Stake in Devyani International Via Block Deals Yum Restaurants (India) Private Limited is likely to exit quick service restaurant major Devyani International Limited (NSEI:DEVYANI) by selling a 4.4% stake through a block deal on February 21, 2024, according to news reports. Through the sale, Yum Restaurants plans to raise around INR 8,150 million, reports said. The floor price for the sale has been fixed at INR 153.5 a share, which is at a discount of nearly 8% to the current price. Shares of Devyani International ended 0.6% up at INR 166.20 on the National Stock Exchange. New Risk • Feb 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: ₹0.08 (vs ₹0.59 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.08 (down from ₹0.59 in 3Q 2023). Revenue: ₹8.61b (up 8.9% from 3Q 2023). Net income: ₹96.2m (down 87% from 3Q 2023). Profit margin: 1.1% (down from 9.1% in 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Annuncio • Jan 25
Devyani International Limited to Report Q3, 2024 Results on Feb 02, 2024 Devyani International Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: ₹0.28 (down from ₹0.49 in 2Q 2023). Revenue: ₹8.26b (up 11% from 2Q 2023). Net income: ₹333.5m (down 43% from 2Q 2023). Profit margin: 4.0% (down from 7.9% in 2Q 2023). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in India. Annuncio • Oct 31
Devyani International Limited to Report Q2, 2024 Results on Nov 07, 2023 Devyani International Limited announced that they will report Q2, 2024 results on Nov 07, 2023 New Risk • Aug 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.5% net profit margin). Reported Earnings • Aug 05
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: ₹0.10 (down from ₹0.61 in 1Q 2023). Revenue: ₹8.47b (up 20% from 1Q 2023). Net income: ₹117.6m (down 84% from 1Q 2023). Profit margin: 1.4% (down from 11% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 75%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in India. Annuncio • Jul 29
Devyani International Limited to Report Q1, 2024 Results on Aug 04, 2023 Devyani International Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Annuncio • May 18
Devyani International Limited Announces Executive Changes Devyani International Limited announced that Mr. Pankaj Virmani (ACS:18823) has been appointed as a Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company with effect from May 18, 2023 in place of Mr. Varun Kumar Prabhakar, Company Secretary & Compliance Officer of the Company, who will continue to work with the Company and discharge his responsibilities with respect to the legal function of the Company. Reported Earnings • May 18
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹2.20 (up from ₹1.32 in FY 2022). Revenue: ₹30.3b (up 45% from FY 2022). Net income: ₹2.65b (up 70% from FY 2022). Profit margin: 8.7% (up from 7.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in India. Annuncio • May 17
Devyani International Limited, Annual General Meeting, Jul 03, 2023 Devyani International Limited, Annual General Meeting, Jul 03, 2023. Annuncio • May 12
Devyani International Limited to Report Q4, 2023 Results on May 17, 2023 Devyani International Limited announced that they will report Q4, 2023 results on May 17, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: ₹0.59 (up from ₹0.52 in 3Q 2022). Revenue: ₹7.99b (up 28% from 3Q 2022). Net income: ₹716.7m (up 14% from 3Q 2022). Profit margin: 9.0% (down from 10% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in India. Annuncio • Jan 31
Devyani International Limited to Report Q3, 2023 Results on Feb 09, 2023 Devyani International Limited announced that they will report Q3, 2023 results at 4:00 PM, Indian Standard Time on Feb 09, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Prashant Purker was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: ₹0.49 (up from ₹0.39 in 2Q 2022). Revenue: ₹7.52b (up 46% from 2Q 2022). Net income: ₹587.6m (up 29% from 2Q 2022). Profit margin: 7.8% (down from 8.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in India. Major Estimate Revision • Nov 04
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from ₹2.24 to ₹2.53. Revenue forecast steady at ₹30.7b. Net income forecast to grow 11% next year vs 39% growth forecast for Hospitality industry in India. Consensus price target of ₹208 unchanged from last update. Share price fell 4.8% to ₹183 over the past week. Annuncio • Oct 23
Devyani International Limited to Report Q2, 2023 Results on Nov 03, 2022 Devyani International Limited announced that they will report Q2, 2023 results on Nov 03, 2022 Major Estimate Revision • Aug 10
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from ₹29.7b to ₹30.7b. EPS estimate increased from ₹2.01 to ₹2.30 per share. Net income forecast to grow 13% next year vs 94% growth forecast for Hospitality industry in India. Consensus price target up from ₹188 to ₹201. Share price was steady at ₹190 over the past week. Reported Earnings • Aug 04
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ₹0.61 (up from ₹0.07 in 1Q 2022). Revenue: ₹7.14b (up 64% from 1Q 2022). Net income: ₹738.5m (up ₹654.4m from 1Q 2022). Profit margin: 10% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Over the next year, revenue is forecast to grow 33%, compared to a 37% growth forecast for the industry in India. Annuncio • Jul 26
Devyani International Limited to Report Q1, 2023 Results on Aug 03, 2022 Devyani International Limited announced that they will report Q1, 2023 results on Aug 03, 2022 Reported Earnings • Jun 09
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₹1.32 (up from ₹0.67 loss in FY 2021). Revenue: ₹20.8b (up 84% from FY 2021). Net income: ₹1.56b (up ₹2.30b from FY 2021). Profit margin: 7.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Total stores: 938 (up by 246 from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 47%. Over the next year, revenue is forecast to grow 43%, compared to a 47% growth forecast for the restaurants industry in India. Board Change • Jun 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Prashant Purker was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 03
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₹1.32 (up from ₹0.67 loss in FY 2021). Revenue: ₹21.0b (up 85% from FY 2021). Net income: ₹1.56b (up ₹2.30b from FY 2021). Profit margin: 7.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 47%. Over the next year, revenue is forecast to grow 40%, compared to a 46% growth forecast for the restaurants industry in India. Major Estimate Revision • Feb 11
Consensus EPS estimates increase by 46% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₹20.0b to ₹21.1b. EPS estimate increased from ₹0.62 to ₹0.90 per share. Net income forecast to grow 106% next year vs 30% growth forecast for Hospitality industry in India. Consensus price target up from ₹181 to ₹191. Share price was steady at ₹177 over the past week. Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: ₹0.52. Revenue: ₹6.28b (flat on 3Q 2021). Net income: ₹631.2m (up ₹631.2m from 3Q 2021). Profit margin: 10.0% (up from null in 3Q 2021). Revenue exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 46%, compared to a 44% growth forecast for the industry in India.