Devyani International Limited — Q2FY27 earnings call summary

Filed 05 November 2026 · Official transcript

Q2 FY27 consolidated sales grew 10.4% y-y to INR 1,519 Cr; EBITDA up 18% to INR 229 Cr
Own Brands (Biryani By Kilo, Vaango) grew 11%, BBK SSSG 8.1%, brand contribution margin near 10%
Merger with Sapphire Foods received CCI approval; awaiting SEBI no-objection, merger expected by FY27 end
Store expansion on track with 70 net new stores in Q2; targeting 200-220 net additions for FY27
KFC added 50 stores, 4.4% SSSG; Pizza Hut SSSG improved to -1.4%, testing new spicy range
Inflation pressures from raw materials, wages, LPG; 1-2% price hikes taken, margins protected by cost control
Management focused on sustainable growth, value offerings, and brand innovation amid macro challenges