# DEVYANI (DEVYANI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/devyani

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹140.89
- Change: +1.72%
- As of: 2026-09-18
- 1D return: +1.52%
- 5D return: +3.46%
- 1M return: -4.85%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹140.62, showing a mixed technical stance across timeframes. The daily and weekly charts indicate a bullish trend, with prices above key moving averages and the Supertrend indicator. However, the monthly timeframe presents a bearish signal, with the price below the 20-day Simple Moving Average (SMA) and the Supertrend indicator. This divergence suggests potential short-term strength within a longer-term uncertainty.

The nearest support is observed around ₹140.31, followed by ₹138.15. Overhead resistance is noted at ₹142.0 and ₹142.1. The stock's current position is approximately 31% into its 20-period range and 49% into its 252-period range. Volatility is a consideration, with an annualized volatility of 39% and an Average True Range (ATR) of 3.24%.

Key watch conditions include monitoring the price action around the ₹140.31 support level. A break below this could signal further downside. Conversely, sustained movement above the ₹142.1 resistance may indicate a strengthening bullish sentiment. The divergence between the daily/weekly bullish trends and the monthly bearish trend warrants close observation for a clearer direction.

- Daily and weekly timeframes show bullish trends, while the monthly timeframe indicates a bearish trend as of September 18, 2026.
- Nearest support levels are ₹140.31 and ₹138.15.
- Nearest resistance levels are ₹142.0 and ₹142.1.
- The stock exhibits 39% annualized volatility.
- Watch for price action around ₹140.31 support and ₹142.1 resistance for directional cues.

- Inside Bar
- Morning Star
- Outside Bar
- Shooting Star
- Doji
- Harami

### News Context

Devyani International Limited has been active in regulatory filings and investor engagement over the past week. On September 10, 2026, the company announced a joint application with Sapphire Foods India Limited to the Competition Commission of India concerning their proposed merger. This action follows the Board of Directors' approval of the Amended Scheme of Arrangement on August 26, 2026, and is a required step for regulatory approval. Earlier, on September 3, 2026, Devyani International disclosed newspaper advertisements regarding a Scheme of Amalgamation involving Sky Gate Hospitality Private Limited, Blackvelvet Hospitality Private Limited, and Say Chefs Eatery Private Limited, with the next hearing scheduled at the National Company Law Tribunal (NCLT) in Chandigarh for October 7, 2026. The company also participated in investor events, with representatives attending the Ashwamedh - Elara India Dialogue 2026 conference in Mumbai on September 3, 2026, and the Chief Sustainability Officer and Company Secretary scheduled to attend the Jefferies 5th India Forum in Gurugram on September 17, 2026. In all instances of investor engagement, the company stated that no unpublished price-sensitive information would be shared.

- On September 10, 2026, Devyani International and Sapphire Foods India Limited filed a joint application with the Competition Commission of India regarding their proposed merger.
- On September 3, 2026, Devyani International announced a hearing notice for a Scheme of Amalgamation involving Sky Gate Hospitality Private Limited, Blackvelvet Hospitality Private Limited, and Say Chefs Eatery Private Limited, with the NCLT hearing set for October 7, 2026.
- Company representatives participated in the Ashwamedh - Elara India Dialogue 2026 conference on September 3, 2026.
- Chief Sustainability Officer and Company Secretary Pankaj Virmani was scheduled to attend the Jefferies 5th India Forum on September 17, 2026.
- Devyani International submitted revised Integrated Financial XBRL for the quarter ended September 30, 2025, on September 17, 2026, in response to an NSE query dated July 10, 2026.

- Integrated Filing- Financials|Revision|In response to NSE Query received on July 10_ 2026_ we are submitting revised Integrated Financial XBRL for the quarter ended September 30_ 2025_
- Devyani International Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Devyani International Limited has informed the Exchange about disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates
- Devyani International Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Devyani International Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### What Changed

As of September 18, 2026, Devyani International's stock price has seen a modest increase, trading at ₹140.62 compared to its previous price of ₹138.51. The available evidence does not indicate any new filings or news developments for the company. The company's profile on the NSE remains unchanged.

- Stock price on September 18, 2026: ₹140.62
- Previous stock price: ₹138.51
- No new filings reported as of September 18, 2026.
- No new news reported as of September 18, 2026.
- Company profile on NSE remains unchanged.

### Official Filings

Devyani International Limited has disclosed several updates relevant to its corporate structure and strategic activities. On September 10, 2026, the company announced a joint application with Sapphire Foods India Limited to the Competition Commission of India concerning their proposed merger. This step follows the Board of Directors' approval of an Amended Scheme of Arrangement on August 26, 2026, and is a required part of the regulatory approval process for this contemplated merger. Additionally, the company is undergoing a process involving the voluntary strike-off of a non-operational subsidiary, Devyani RK Private Limited, which was dissolved effective August 25, 2026. The company stated this dissolution did not involve asset sales as the subsidiary had nil turnover and no business operations. In terms of leadership, Mr. Rohan Kichlu, CEO of Sanook Kitchen and designated Senior Management Personnel, resigned effective August 31, 2026, citing personal reasons and pursuit of other career opportunities. The company also participated in investor events, including the Ashwamedh - Elara India Dialogue 2026 on September 3, 2026, and the Jefferies 5th India Forum on September 17, 2026, confirming that no unpublished price-sensitive information would be shared at these meetings. Separately, the company is involved in a Scheme of Amalgamation concerning Sky Gate Hospitality Private Limited, Blackvelvet Hospitality Private Limited, and Say Chefs Eatery Private Limited, with the next hearing before the National Company Law Tribunal (NCLT) in Chandigarh scheduled for October 7, 2026.

- On September 10, 2026, Devyani International Limited and Sapphire Foods India Limited filed a joint application with the Competition Commission of India regarding their proposed merger.
- Devyani RK Private Limited, a non-operational subsidiary, was struck off the register and dissolved effective August 25, 2026.
- Mr. Rohan Kichlu, CEO of Sanook Kitchen and Senior Management Personnel, resigned effective August 31, 2026.
- The company participated in investor meetings on September 3, 2026, and September 17, 2026, with assurances that no unpublished price-sensitive information would be disclosed.
- A hearing for a Scheme of Amalgamation involving Sky Gate Hospitality Private Limited, Blackvelvet Hospitality Private Limited, and Say Chefs Eatery Private Limited is scheduled for October 7, 2026, before the NCLT.

- Integrated Filing- Financials|Revision|In response to NSE Query received on July 10_ 2026_ we are submitting revised Integrated Financial XBRL for the quarter ended September 30_ 2025_
- Devyani International Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Devyani International Limited has informed the Exchange about disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates
- Devyani International Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Devyani International Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Devyani International Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Devyani International Limited has informed the Exchange about change in Senior Management Personnel |SUBJECT: Change in Management
- Devyani International Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Devyani International Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- Devyani International Limited has informed the Exchange about voluntary strike-off of non-operational subsidiary of the Company |SUBJECT: General Updates

### Fundamentals

Devyani International's recent operating performance shows a shift from losses to profitability. Revenue from operations increased to ₹1,580.52 crore in Q1 FY2026-27 from ₹1,436.86 crore in Q4 FY2025-26. This top-line growth coincided with a return to profit after a period of losses. Profit Loss For Period was ₹17.10 crore in Q1 FY2026-27, compared to a loss of ₹9.84 crore in Q4 FY2025-26 and ₹10.98 crore in Q3 FY2025-26. Profit Before Tax also turned positive at ₹22.86 crore in Q1 FY2026-27, from losses in the preceding two quarters. Finance costs remained relatively stable, reported at ₹70.14 crore in Q1 FY2026-27, ₹70.10 crore in Q4 FY2025-26, and ₹70.02 crore in Q3 FY2025-26. Comprehensive income for the period fluctuated, showing ₹14.32 crore in Q1 FY2026-27, a loss of ₹15.02 crore in Q4 FY2025-26, and a gain of ₹14.46 crore in Q3 FY2025-26.

Key areas to monitor include the sustainability of revenue growth and the translation of this growth into consistent profitability. The company's ability to manage its finance costs while improving its bottom line will be crucial. Investors should also observe the trend in Comprehensive Income for the period, as it reflects broader changes in equity beyond net profit.

- Revenue from operations for Devyani International was ₹1,580.52 crore in Q1 FY2026-27, an increase from ₹1,436.86 crore in Q4 FY2025-26.
- The company reported a Profit Loss For Period of ₹17.10 crore in Q1 FY2026-27, a positive shift from losses in Q4 FY2025-26 (₹-9.84 crore) and Q3 FY2025-26 (₹-10.98 crore).
- Profit Before Tax turned positive in Q1 FY2026-27 at ₹22.86 crore, compared to losses in the prior two reported quarters.
- Finance costs remained consistent, reported at ₹70.14 crore in Q1 FY2026-27.
- Comprehensive Income for the period was ₹14.32 crore in Q1 FY2026-27, following a loss of ₹15.02 crore in Q4 FY2025-26.

### Bull Case

Devyani International's daily technical indicators suggest a constructive setup as of September 18, 2026. The stock's closing price of ₹140.62 is above its 20-day Exponential Moving Average (EMA) of ₹138.20 and its 50-day Simple Moving Average (SMA) of ₹130.27. The 50-day SMA slope is positive at 2.42, indicating an upward trend over the past five periods. Furthermore, the daily Supertrend indicator is 'bullish' at ₹135.56, suggesting short-term positive momentum. On a weekly basis, the Supertrend is also 'bullish' at ₹114.79, and the 20-day EMA slope is positive at 7.98, reinforcing a generally upward trend over multiple timeframes. The stock has also shown positive returns over the last three months (22%) and six months (29%).

- As of September 18, 2026, the daily Supertrend indicator for Devyani International is bullish at ₹135.56.
- The stock's closing price of ₹140.62 on September 18, 2026, is above its 20-day EMA (₹138.20) and 50-day SMA (₹130.27).
- The 50-day SMA slope is positive at 2.42, indicating an upward trend over the past five periods.
- Weekly technicals show a bullish Supertrend at ₹114.79 and a positive 20-day EMA slope of 7.98.
- Devyani International has recorded a 22% return in the last three months and a 29% return in the last six months.

### Bear Case

The company's performance shows mixed signals across different timeframes. While the daily trend indicates a bullish Supertrend, the monthly trend is bearish. The stock has experienced a significant drawdown of -52% from its peak, and its current drawdown stands at -29%. Over the past year, the stock has seen a return of -21%.

- The monthly trend indicator shows a bearish signal with a Supertrend value of 196.61.
- The stock has experienced a maximum drawdown of -52% and a current drawdown of -29%.
- The one-year return for the stock as of the reporting date is -21%.

### FAQs

**What are Devyani International's recent corporate actions and regulatory filings?**

Devyani International has been involved in several corporate and regulatory activities. On September 10, 2026, the company and Sapphire Foods India Limited jointly filed an application with the Competition Commission of India concerning their proposed merger, following board approval of an Amended Scheme of Arrangement on August 26, 2026. Additionally, on September 3, 2026, the company disclosed newspaper advertisements regarding a Scheme of Amalgamation involving Sky Gate Hospitality Private Limited, Blackvelvet Hospitality Private Limited, and Say Chefs Eatery Private Limited, with the next hearing set for October 7, 2026, by the National Company Law Tribunal (NCLT) in Chandigarh. The company also submitted revised Integrated Financial XBRL for the quarter ended September 30, 2025, on September 17, 2026, in response to an NSE query.

**What is the recent price performance and technical trend of Devyani International?**

As of September 18, 2026, Devyani International's stock closed at ₹140.62. The stock has experienced varied returns over different periods: a 29% increase in the last 6 months, a 22% increase in the last 3 months, but a 5% decrease year-to-date and a 21% decrease over the last year. Technically, the daily trend shows a bullish Supertrend at ₹135.56 with a closing price above the 20-day Exponential Moving Average (EMA) of ₹138.20. However, the monthly trend indicates a bearish Supertrend at ₹196.61, with the closing price below the 20-day Simple Moving Average (SMA) of ₹143.11.

**What are the key support and resistance levels for Devyani International?**

As of September 18, 2026, key technical levels for Devyani International include immediate support around ₹140.31 (0.22% below the current price) and a pivot support at ₹138.15. Resistance is noted at ₹142.0 (0.98% above the current price) and ₹142.1. Further resistance levels are identified at ₹144.26 and ₹169.57.

- Integrated Filing- Financials|Revision|In response to NSE Query received on July 10_ 2026_ we are submitting revised Integrated Financial XBRL for the quarter ended September 30_ 2025_
- Devyani International Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Devyani International Limited has informed the Exchange about disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates
- Devyani International Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Devyani International Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹138.15
- Risk regime: Price Risk Requires Attention

### Support levels
- 134.35375
- 132.065
- 129.3825

### Resistance levels
- 142
- 169.575
- 179.95499999999998

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.52% |
| return_10 | +1.86% |
| return_1m | -1.03% |
| return_1y | -20.76% |
| return_20 | -4.85% |
| return_3m | +21.98% |
| return_5 | +3.46% |
| return_6m | +28.90% |
| return_since_start | -23.21% |
| return_ytd | -4.62% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -52.17% |
| annualized_volatility | +38.60% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Reaches New High, Profitability Returns After Three Quarters of Losses

Devyani International Limited reported revenue of ₹1,580.52 crore for the quarter ended 30 June 2026, up 10% from the previous quarter and 16.5% from the same quarter last year. After three consecutive quarters of losses, the company returned to profitability with a profit before tax of ₹22.86 crore and a net profit of ₹17.10 crore. The improvement in earnings coincided with the revenue increase, while other comprehensive income remained volatile.

## Revenue Performance

Revenue from operations rose to ₹1,580.52 crore in Q1 FY27, compared to ₹1,436.86 crore in Q4 FY26 (a 10% sequential increase) and ₹1,356.97 crore in Q1 FY26 (a 16.5% year-on-year increase). This follows a generally upward trend through FY26, with a slight dip in the March 2026 quarter before the current quarter’s growth.

## Profitability Recovery

Profit before tax (PBT) was ₹22.86 crore, a swing of ₹40.94 crore from the loss of ₹18.08 crore in Q4 FY26. Net profit for the period was ₹17.10 crore, compared to a loss of ₹9.84 crore in the prior quarter. The PBT margin (PBT as a percentage of revenue) improved from -1.3% in Q4 FY26 to 1.4% in Q1 FY27. The return to profitability occurred alongside the 10% sequential revenue increase.

## Cost Structure

Major operating expenses in Q1 FY27 included cost of materials consumed (₹488.24 crore), employee benefit expense (₹230.11 crore), depreciation and amortisation (₹180.35 crore), and finance costs (₹70.14 crore). Together, these four items accounted for ₹968.84 crore, or 61.3% of revenue. Finance costs have remained stable at around ₹70 crore over the past three quarters (₹70.02 crore in Q3 FY26, ₹70.10 crore in Q4 FY26, and ₹70.14 crore in Q1 FY27). Depreciation and finance costs, which are largely fixed, represent a significant portion of expenses and can amplify the effect of revenue changes on profits.

## Comprehensive Income

Net profit for the quarter was ₹17.10 crore, but total comprehensive income was lower at ₹14.32 crore, implying a negative other comprehensive income (OCI) of ₹2.78 crore. This contrasts with Q1 FY26, when comprehensive income of ₹31.85 crore exceeded net profit of ₹2.23 crore by ₹29.62 crore. OCI has been volatile across recent quarters.

## Management Commentary

Devyani International reported a strong start to FY27, with consolidated revenues of INR 15,805 Mn (+16.5% YoY) and its highest ever EBITDA of INR 2,548 Mn (16.1% margin). Chairman Ravi Jaipuria attributed the momentum to continued positive same-store sales growth across most brands, led by KFC (+3.3%), Costa (+10.2%), Biryani by Kilo (+7.2%), and Vaango (+7.1%). Profit after tax reached INR 171 Mn, the highest in eight quarters, despite cost inflation from LPG and wage hikes.

Management flagged a volatile operating environment and risks from a below-normal monsoon and El Niño, cautioning that consumption recovery may not be linear. The merger with Sapphire Foods is progressing as planned, with NSE and BSE approvals received and completion targeted by end of FY27. The company is also executing a dine-in focused strategy and building 'DIL 2.0' through management strengthening, while maintaining its store expansion target with a network of 2,255 outlets.

## Key Takeaway

Devyani International’s Q1 FY27 results show a return to profitability after three loss-making quarters, with revenue reaching a new high. The profit recovery coincided with a 10% sequential revenue increase. The company’s cost structure includes significant fixed costs, which can magnify profit swings. Other comprehensive income remained volatile, diverging from net profit.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_18092026180506_SE_Intimation_-_Investor_Conference_DSC.pdf)
- 2026-09-18 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_18092026182124_SE_Intimation_-_Niche_Ninety_Nine_ESG_Rating_DSC.pdf)
- 2026-09-18 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19461_WebXMLFile_20260918_182532321.xml)
- 2026-09-17 — Financial Results Filing: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1724865_17092026112127_WEB.xml)
- 2026-09-14 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_14092026151754_SE_Intimation_-_Investor_Conference_DSC.pdf)
- 2026-09-10 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_10092026184355_SEIntimationSchemeCCIApplication_sd.pdf)
- 2026-09-03 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_03092026163014_SEIntimationNewspapersigned.pdf)
- 2026-08-31 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_31082026184233_SE_Intimation_-_Investor_Conference_DSC.pdf)
- 2026-08-31 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19461_WebXMLFile_20260831_185034679.xml)
- 2026-08-31 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_31082026191229_SE_Intimation_Rohan_Kichlu_resignation_DSC.pdf)
- 2026-08-31 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_19461_WebXMLFile_20260831_192948875.xml)
- 2026-08-31 — Management Change: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_ROID_97519_KMP_Doc.zip)
- 2026-08-26 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_26082026155840_SEIntimationRKStrikeoffDSC.pdf)
- 2026-08-26 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19461_WebXMLFile_20260826_181327796.xml)
- 2026-08-26 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_26082026192302_DILReg30DislcosureDSC.pdf)
- 2026-08-26 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_26082026192549_DILReg30DislcosureDSC.pdf)
- 2026-08-26 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19461_WebXMLFile_20260826_192916315.xml)
- 2026-08-14 — Generic Announcement: Devyani International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_14082026180220_DILAGMOutcome14082026_sd.pdf)
- 2026-08-04 — Generic Announcement: Devyani International Limited held an Investors & Analysts Conference Call on July 29, 2026, to discuss the Unaudited Financial Results for the Quarter ended June 30, 2026. The company reported its highest ever EBITDA of INR 255 crore at 16.1% of revenues, with KFC achieving a 3.3% same-store sales growth (SSSG) and other brands like Biryani By Kilo and Costa Coffee showing over 7% SSSG. The merger with Sapphire Foods is progressing on schedule, with expected completion by the end of FY2027. The company is focusing on disciplined profitable growth, enhancing consumer propositions, and preparing for the combined DIL-Sapphire platform. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_04082026170923_DIL_Transcript_intimation_merged_DSC.pdf)
- 2026-07-30 — Generic Announcement: Devyani International Limited published extracts of its unaudited financial results for the quarter ended June 30, 2026, on July 30, 2026, in compliance with SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_30072026154425_NewspaperAdvertisement30072026mergedDSC.pdf)
- 2026-07-29 — Press Release: Devyani International Limited announced its Q1 FY2027 financial results for the quarter ended June 30, 2026, reporting consolidated revenues of Rs. 15,805 million, a 16.5% year-over-year increase. The company achieved its highest ever quarterly EBITDA of INR 2.55 billion, with a margin of 16.1%, and Profit after Tax of INR 171 million. The merger process with Sapphire Foods is progressing on expected timelines, with approvals from NSE and BSE received in June 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_29072026130146_Press_Release30062026_sd.pdf)
- 2026-07-29 — Generic Announcement: On July 29, 2026, the Nomination and Remuneration Committee of Devyani International Limited approved the grant of 27,13,700 stock options under its ESOP 2021 to eligible employees. The exercise price is set at Rs. 101 per stock option. Options will vest over time, with a minimum one-year period between grant and vesting, and can be exercised within five years from each vesting date. There is no lock-in period for the resulting equity shares. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_29072026130954_ESOP_grant_29072026_sd.pdf)
- 2026-07-29 — Generic Announcement: Devyani International Limited's Board of Directors approved the Unaudited Financial Results for the quarter ended June 30, 2026, on July 29, 2026. The results, reviewed by Walker Chandiok & Co LLP and O P Bagla & Co LLP, received an unmodified opinion. Standalone revenue from operations was INR 9,985.23 million, and consolidated revenue from operations was INR 15,805.16 million for the quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_29072026115245_OutcomeResults30062026.pdf)
- 2026-07-29 — Generic Announcement: Devyani International Limited has provided a link to the audio recording of its investor and analyst conference call held on July 29, 2026. This call followed the declaration of the company's unaudited financial results for the quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_29072026164102_SE_Audio_call_intimation_29072026_sd.pdf)
- 2026-07-29 — Earnings Presentation: Devyani International Limited announced its unaudited financial results for the quarter ended June 30, 2026, on July 29, 2026. The company reported its highest ever EBITDA of Rs. 255 crore, representing 16.1% of revenues. KFC achieved a same-store sales growth (SSSG) of 3.3%, while other brands like Biryani by Kilo and Costa Coffee showed SSSG above 7%. The merger process with Sapphire Foods is progressing as per timelines, with approvals from NSE and BSE received in June 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVYANI_29072026125319_FY26_27_Q1_Investor_Presentation_sd.pdf)

## News and market events

- 2026-08-09 — The Hindu: **QSR chains say June quarter saw uptick in footfalls, same store sales growth** — QSR chains report increased footfalls and same-store sales growth in June, driven by consumer sentiment and value offerings. — [Source](https://www.thehindubusinessline.com/companies/qsr-chains-say-june-quarter-saw-uptick-in-footfalls-same-store-sales-growth/article71324372.ece)
- 2026-08-06 — Mint: **Raja Venkatraman recommends three stocks for 6 August** — Market expert Raja Venkatraman shares his top stock picks for 5 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-three-stocks-for-6-august-rites-hfcl-devyani-international-nifty-sensex-11785947619768.html)
- 2026-08-05 — MONEYCONTROL: **Why India’s burger and pizza chains are betting big on coffee** — Coffee, McDonald's, KFC, McCafe, Kwench, Domino's — [Source](https://www.moneycontrol.com/news/business/companies/why-india-s-burger-and-pizza-chains-are-betting-big-on-coffee-13995496.html)
- 2026-08-05 — Economic Times: **QSR stocks near turning point as risk-reward turns favorable, says Motilal Oswal** — The Indian quick-service restaurant (QSR) sector is entering a favourable phase after a challenging period, according to Motilal Oswal Financial Services. The brokerage believes easing valuations, improving operational trends, and long-term consumption growth could support a recovery in QSR stocks. It remains selective in the space and highlights Jubilant FoodWorks, Sapphire Foods India, Westlife Foodworld, and Devyani International as key picks. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/qsr-stocks-near-turning-point-as-risk-reward-turns-favorable-says-motilal-oswal/articleshow/132901657.cms)
- 2026-08-01 — MONEYCONTROL: **Indian firms plan fresh price hikes, testing inflation outlook** — price hikes, inflation, HUL, Asian Paints, Middle East conflict, home care products, RBI, US-Iran war, RBI MPC — [Source](https://www.moneycontrol.com/news/business/economy/indian-firms-hul-asian-paints-plan-fresh-price-hikes-testing-inflation-outlook-13990664.html)
- 2026-07-31 — Mint: **Top Gainers & Losers on 31 July: Bajaj Finance, Hyundai Motor, GAIL, Tata Motors, Redington among top gainers today** — Indian equities closed the last trading day of July with modest gains, driven by financial and auto stocks. The Nifty 50 rose 0.20% to 24,336, while Sensex advanced 0.21% to 78,091, reflecting positive market trends despite concerns over crude oil prices. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-31-july-bajaj-finance-hyundai-motor-gail-tata-motors-redington-among-top-gainers-today-11785490241096.html)
- 2026-07-30 — MONEYCONTROL: **Buy Devyani International; target of Rs 160: Motilal Oswal** — Devyani International, Motilal Oswal, Recommendations, Buy — [Source](https://www.moneycontrol.com/news/business/buy-devyani-international-target-of-rs-160-motilal-oswal-13988605.html)
- 2026-07-30 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: GIFT Nifty indicates 100-point gap-down start; Dabur reacts to Q1** — Sensex Today | Stock Market LIVE Updates: Today is the monthly expiry of the Sensex contracts. 24,000 on the downside will be key for the Nifty, while the July 17 high of 24,367 will be the first hurdle to cross on the upside. The Nifty Bank has taken a backseat after the IT outperformance, but it remains to be seen whether IT could hold fort for another day today. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-expiry-infosys-it-eicher-dabur-vedanta-irfc-asian-paints-share-price-liveblog-19957305.htm)
- 2026-07-29 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty surges 260 points; Kaynes Tech up 12%** — Sensex Today | Stock Market LIVE Updates: We are the halfway mark of the day's trade, and the bulls look in a strong position. The markets are on the rise, and are trading on a strong footing. The Nifty up over 240 points, jumping to 24,200. The Nifty Bank index is up 400 points, rising to 57,000. Infosys, Larsen & Toubro and HUL are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hul-asian-paints-adani-oil-lt-grse-it-dmart-share-price-liveblog-19956206.htm)
- 2026-07-29 — Economic Times: **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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/devyani-international-q1-profit-zooms-to-rs-17-cr/articleshow/132705845.cms)
- 2026-07-29 — CNBC-TV18: **Devyani International share price jumps 9% after Q1 profit surges four-fold, margin improves** — Despite the lower outlet count, Costa Coffee's revenue rose 7% year-on-year to ₹212.5 crore, reflecting higher revenue per store. Devyani International said it is adopting a more disciplined and selective approach to expansion while continuing to strengthen the premium coffee chain, which it considers one of its key growth drivers. — [Source](https://www.cnbctv18.com/market/devyani-international-q1-results-sapphire-foods-costa-coffee-sky-gate-nclt-share-price-19956579.htm)
- 2026-07-29 — The Hindu: **Sensex today | Stock Market Live: Sensex jumps 840 points, Nifty tops 24,230 as IT and FMCG stocks power rally** — Sensex, Nifty, Share Prices Live: Indian equities traded firmly higher at noon, buoyed by stronger-than-expected industrial production, renewed foreign fund inflows and broad-based buying in IT and consumer stocks, while investors awaited the U.S. Federal Reserve's policy decision amid rising crude prices and mixed global market cues. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-29-july-2026/article71276758.ece)
- 2026-07-29 — The Hindu: **Q1 Results Today Live: Thangamayil Jewellery shares tank 10% as profit fell 40% q-o-q, Colgate, Cartrade Tech & Devyani International profit up, Adani Enterprises, Adani Ports, Asian Paints, Eicher Motors, Waaree Energies, Prestige Estates, Dabur, Vedanta Oil, ACME Solar to announce Q1 results** — Q1 Results Today, 29th July 2026 Live Updates: Stay tuned for more from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-adani-enterprises-adani-ports-asian-paints-eicher-motors-waaree-energies-colgate-prestige-estates-syrma-sgs-tech-dabur-hexaware-tech-vedanta-oil-acme-results-29-july-2026/article71276282.ece)
- 2026-07-29 — CNBC-TV18: **Q1 Results LIVE Updates: Devyani International reports earnings; Colgate-Palmolive India shares rise over 3%** — Q1 Results LIVE Updates: Four Nifty 50 stocks are reporting their earnings today namely Asian Paints, Adani Enterprises, Adani Ports and Eicher Motors. Dabur, Waaree Energies, ACME Solar, Bajaj Housing Finance, CarTrade Tech, Chalet Hotels, Colgate-Palmolive, J&K Bank, Hexaware Technologies, KPIT Tech, Garden Reach Shipbuilders, Force Motors, Dhanlaxmi Bank, Devyani International, MOIL, Piramal Pharma, Prestige Estates, Redington, Star Health Insurance, Syngene, Teamlease, Triveni Engineering, Zensar Tech are among the other earnings from the broader markets. L&T, Netweb Tech, among others will also be reacting to their results. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-asian-paints-adani-ports-ent-hul-eicher-bajaj-hsg-dabur-mtar-kpit-tech-cartrade-colgate-share-price-liveblog-19956225.htm)

## Business profile

**Strategic vision:** Operates quick-service restaurants and food courts in India and internationally.

### Business segments
- **KFC:** Operates KFC restaurants, focusing on freshly prepared food and evolving flavors with Indian twists.
- **Pizza Hut:** Manages Pizza Hut stores, emphasizing a joyful experience for families and friends with cheesy Pan Pizzas and product innovation.
- **Costa Coffee:** Introduced Costa Coffee to India, contributing to the growth of specialty handcrafted coffee culture.
- **Vaango:** An in-house brand specializing in pure vegetarian South Indian QSR cuisine, focusing on authentic taste and quality.
- **The Food Street:** Operates multiple food courts in high-traffic areas including malls, airports, highways, and hospitals.
- **International Business:** Leverages QSR brand management experience to deliver customer experiences in Nepal, Nigeria, and Thailand.

### Competitive strengths
- Extensive network of quick-service restaurants across multiple countries.
- Strong franchisee relationships with global brands like Yum! Brands.
- Experience in adapting global brands to local tastes and preferences.
- Diverse portfolio including franchised and proprietary brands.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/devyani
Markdown representation: https://faxioms.com/stocks/devyani?render=md