Devyani International reports strong Q2 growth, leadership appointments

Devyani International Limited (DIL) reported consolidated revenues of ₹13,767m for Q2 FY26, a 12.6% year-over-year increase, with Q1 EBITDA at ₹1,943m and a 14.1% margin. The company expanded its network to 2,184 stores, adding 30 KFC outlets and 39 net new stores overall, including a test launch of 6 Tealive stores in India. KFC India revenues grew 5.3% year-over-year to ₹5,723m, while international business saw a 14.0% year-over-year increase to ₹4,495m.

The company's strategic acquisition of Sky Gate Hospitality Private Limited is progressing, with a goal to achieve brand contribution break-even by March 2026. This acquisition, which includes brands like Biryani By Kilo and Goila Butter Chicken, contributed to a consolidated gross margin of 67.8% in Q2, with Skygate consolidation impacting margins by 50bps.

In leadership news, DIL appointed Souvik Sarkar as head of human resources and Anupam Kumar as EVP - finance, both effective November 6, 2025. These appointments strengthen DIL's management as it continues its growth trajectory and integration efforts.