Devyani International Share Rises 4% After Acquisition Plans For Biryani By Kilo

Devyani International, India’s largest franchisee of Yum! Brands saw a sharp rise in its share price after announcing a board meeting scheduled for April 24, 2025. The agenda includes approval of agreements and issuance of equity shares on a preferential basis for acquiring a controlling equity stake in Sky Gate Hospitality, which owns the Biryani By Kilo brand.

Devyani International Board To Consider BBK Acquisition

According to its exchange filing, Devyani International’s board will consider and approve the acquisition of a controlling stake in Sky Gate Hospitality during its April 24 meeting. Sky Gate operates several food brands, including Biryani By Kilo (BBK), Goila Butter Chicken, The Bhojan, and Get-A-Way.

The acquisition will involve issuing equity shares on a preferential basis as part of the proposed agreement.

Devyani International Q3 FY25 Performance Highlights

In Q3 FY25, Devyani International reported a net loss of ₹7.6 crore, compared to a profit of ₹5.1 crore in the same quarter last year. However, its consolidated revenue rose 53.5% YoY to ₹1,290 crore. For the nine months ended December 2024, revenue increased by 49% YoY to ₹3,740 crore.

The company posted consolidated EBITDA of ₹220 crore in Q3 FY25, with margins at 16.9%, a 60 basis points improvement over the previous quarter.

Store Expansion And Operational Update

As of Q3 FY25, Devyani International operated over 2,000 stores, ahead of its earlier guidance. The total store count stood at 2,032. In Thailand, it added 17 new KFC outlets during the nine-month period of FY25, bringing the total number of KFC stores in the country to 305 as of December 31, 2024.

The company also reported positive same-store sales growth across its core brands and stated it is on track to launch new brands by Q1 FY26.

Devyani International Share Price Performance

On April 21, 2025, Devyani International share price opened at ₹169.70, up from its previous close of ₹165.31. By the end of the day, the stock was trading at ₹172.30 on the NSE, reflecting a 4.23% intraday gain.

Conclusion

The announcement of Devyani International’s acquisition plans for Biryani By Kilo has driven positive momentum in the stock. The company continues to focus on expanding its store network and adding new brands, while maintaining revenue growth across geographies.

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