Devyani International Reports ₹12.2 Billion in Q1 FY 2025 Revenues

On August 5, 2024, Devyani International Limited (DIL) announced its financial results for the quarter ended June 30, 2024.

For Q1 2025, DIL reported operating revenues of ₹12.2 billion, reflecting a strong quarter-over-quarter growth of 16.7%. Consolidated EBITDA for the quarter reached ₹2.2 billion, with margins improving to 18.3%, up 1.7% from the previous quarter. These results highlight the company’s resilience and commitment to expanding its store footprint in line with earlier guidance.

DIL has added 54 net new stores to enhance its presence in under-penetrated markets, bringing its total to 1,836 stores as of June 30, 2024. The company is on track to achieve its goal of 2,000 stores across its brand portfolio within the current financial year.

DIL remains focused on delivering value-driven options to its consumers, navigating market dynamics, and driving growth through innovative marketing campaigns and promotional offers. The company’s store expansion plan is dynamic, aiming to open 250 to 275 new stores in FY25 and maintain momentum across all its brands.

Sharing his thoughts on the performance for Q1 FY2025, the Non-Executive Chairman of Devyani International Limited, Mr Ravi Jaipuria, said, “We witnessed an improved performance for DIL in Q1, driven by seasonality and cost leverage from better ADS across our businesses. Our Thailand business also demonstrates growth with new store openings and a customer delight strategy.”

He further stated, “We remain committed to expanding our store footprint and making our brands more accessible to our consumers. As announced earlier, we are on track to achieve a total store count of 2,000 stores within the current financial year. We are also focused on enhancing various institutional businesses, including food courts and airport presence. We are delighted with the positive progress in Q1 and shall continue to be relentless in our plans for the upcoming quarters.”

On August 05, 2024, the share price of Devyani International Ltd opened at ₹174.10, touching the day’s low at ₹167.00, as of 12:22 PM on the NSE.

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