Devyani International Q1 profit zooms to Rs 17 cr

Devyani International Q1 profit zooms to Rs 17 cr

Devyani International has reported an impressive surge in net profit for the June quarter, marking a substantial revenue increase of 16.47% to Rs 1,580.51 crore. Likewise, total income experienced a robust rise of 16.72%. They earlier announced a merger with Sapphire Foods India, setting the stage for the formation of one of the largest quick-service restaurant chains in the country.

Devyani International Reports Nearly Four-Fold Profit Growth as Pizza Hut and KFC Sales Strengthen

Devyani International, the Indian operator of Pizza Hut and KFC, reported a nearly four-fold increase in its quarterly net profit for the period ending June 30, driven by stronger customer demand across its quick-service restaurant outlets. The company posted a consolidated net profit of ₹146.5 million, up from ₹36.9 million during the same quarter last year. Revenue also grew by 16.5% year-on-year to ₹15.81 billion, reflecting improved sales de…

Devyani International profit jumps nearly four-fold as KFC demand improves

New Delhi: Devyani International, which operates KFC and Pizza Hut restaurants in India, reported a nearly four-fold increase in its quarterly net profit on Wednesday, supported by improving demand across its quick-service restaurant business. The company’s consolidated net profit rose to Rs 14.65 crore for the quarter ended June 30 from Rs 3.69 crore in the corresponding period a year earlier. Revenue from operations increased 16.5 per cent yea…