Devyani International Limited (DEVYANI) Earnings Call Transcripts

Devyani International Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Devyani International Limited reported a strong performance with consolidated revenues of INR 1,437 crores, marking an 18.5% year-on-year growth, and full-year revenues reaching INR 5,611 crores. The company achieved a notable turnaround in KFC, posting a positive same-store sales growth (SSSG) of 4.9%, the best in 14 quarters, contributing to nearly 15% year-on-year revenue growth in the quarter. Management maintained its guidance for FY '27, expecting to open 200 to 225 new stores, primarily driven by KFC, while the merger with Sapphire Foods is on track for completion by the end of the fiscal year, which could further enhance growth prospects.

Reported metrics

Guidance from management

Management maintained guidance for FY '27, expecting to add 200 to 225 new stores, with KFC contributing the majority. The merger with Sapphire Foods is expected to complete by the end of the fiscal year.

What management said

Yes, absolutely. Because if you remember, we announced in the last call that we've kind of tied up with one of the leading IT companies as a technology partner. And therefore, we will be developing our own apps. We'll be developing our entire technology stack. And therefore, we wanted to build that capability also in-house because we'll have to manage the technology as we go along inside the company.

See macro levels, Devanshu, none of us can control, right? And we've seen a number of macro issues over the last 3, 4 years. So it started from COVID and since the time of COVID, there has been some event or the other which is regularly kind of coming along. So I think the way we look at it, I mean, we have to accept this as a reality. And therefore, we continue to chug along in terms of whatever we need to do, whate...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the positive trends in KFC amidst macroeconomic uncertainties and the negative SSSG reported by Pizza Hut. There were questions about the impact of operational challenges on future performance.

Main topics on the call

• KFC Performance — KFC delivered a strong 4.9% positive SSSG and nearly 15% year-on-year revenue growth in Q4, with revenues reaching INR 586 crores. Management noted, 'KFC continues to anchor our growth momentum and network expansion.'
• Merger with Sapphire Foods — The merger is progressing as planned, with management stating, 'We remain on track to complete the merger by the end of the current fiscal year.' This merger is expected to create one of the largest QSR platforms globall...
• Store Expansion Guidance — Management expects to add approximately 200 to 225 net new stores in FY '27, with KFC contributing 100 to 110 stores. This reflects a strategic focus on quality over quantity in store openings.
• Digital Transformation Initiatives — The company is focusing on digital technology and automation, achieving over 80% digital kiosk penetration across KFC stores. Management emphasized, 'Technology, automation and data-led decision-making will remain centra...

Read the full Devyani International Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Devyani International Limited earnings call transcripts on record, spanning May 2, 2022 to July 29, 2026. Based on this history, Devyani International Limited reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DEVYANI

Exchange

NSEI

Country

IN

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

19

First call

May 2, 2022

Most recent

July 29, 2026

Reporting cadence

quarterly