Devyani International shares fall 8% from day's high despite narrower Q2 loss, 10% revenue growth

What happened

Devyani International reported September-quarter revenue of ₹1,519 crore, up 10.3% year on year, and a net loss of ₹0.2 crore, narrower than ₹22 crore a year earlier. EBITDA, a measure of operating earnings, rose 21.4% to ₹233 crore, and the company added 70 net new stores.

Confirmed

Global impact / market context

The figures show stronger sales and operating earnings alongside a much smaller loss, while the share decline shows the results did not prevent a sharp retreat from the day’s high. Store additions could support future sales, but also require spending and successful outlet operations.

Analyst inference

The article reports 70 net new stores in the quarter and says Devyani remains on track to add 200–220 in FY27. KFC added 50 outlets in India, while Pizza Hut, franchisee brands and company-owned brands contributed the rest.

Confirmed

What to watch

1. Check whether Devyani reaches its stated target of 200–220 net new stores in FY27; additions above the quarter’s 70 could raise investment needs before sales build. Analyst inference
2. Track revenue and operating earnings in subsequent results to see whether the reported growth continues and whether the narrower net loss turns into a sustained profit. Analyst inference
3. The company reported 15.35% EBITDA margin, meaning operating earnings as a share of revenue, up from 14% a year earlier. Confirmed

Evidence

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