Devyani International, the operator KFC and Pizza Hut outlets in India, has disclosed an expanded net loss for the fourth quarter of fiscal year 2025 as expenses grew.
The consolidated net loss for the quarter ending 31 March was Rs147.38m ($1.7m), which is a decline from the loss of Rs74.65m recorded in the same period the previous year.
During the quarter under review, the firm’s revenue from operations reached Rs12.13bn, marking a 15.81% increase from Rs10.47bn in the corresponding quarter of the prior fiscal year.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 43% year-over-year to Rs1.87bn in Q4 FY25.
Same-store sales at Pizza Hut experienced a 1% growth, whereas KFC’s same-store sales saw a 6.1% decrease.
Devyani International’s total income for the fourth quarter was Rs12.26bn, while total expenses amounted to Rs12.47bn.
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By GlobalDataDevyani International Limited non-executive chairman Ravi Jaipuria said: “We are pleased to report that DIL continues to demonstrate strong momentum in its growth journey— both organically and through strategic acquisitions.”
For the entire fiscal year, the company’s consolidated revenue stood at Rs49.51bn, showing a 39.2% year-over-year increase.
This surge was attributed to strategic acquisitions such as KFC stores in Thailand and continuous store expansion within India.
The EBITDA margin of Devyani International was reported at 17%, with an absolute EBITDA growth of 29.1% over FY24.
The company’s total expenses for full year was Rs49.75bn, increasing from Rs35.71bn in the prior year.
“This performance was primarily driven by the strategic acquisition of KFC stores in Thailand and supported by ongoing store expansion in India,” Ravi Jaipuria added.
In FY25, Devyani International inaugurated 257 new stores, culminating in a total of 2,039 stores compared to 539 new stores in FY24, which included 283 Thailand KFC stores acquired on January 18, 2024.
In April of the current year, Devyani International announced its plan to acquire up to an 80.72% stake in Sky Gate Hospitality. Sky Gate Hospitality operates several brands including ‘Biryani By Kilo’, ‘Goila Butter Chicken’, and ‘The Bhojan’.
“This acquisition further strengthens our overall brand portfolio and deepens our well laid out strategy. During the year, we also tied up with three international brands i.e. New York Fries, Tealive, and Sanook Kitchen. We are proud to share that we have recently opened the first NYF (New York Fries) store in Mumbai. This marks the beginning of our expansion with the new brands, with several more stores coming in the current year,” Ravi further stated.
In September last year, KFC India initiated a sign language training programme for its entire workforce in the country.
