Devyani International share price
NSE: DEVYANIBSE: 543330Leisure ServicesSmall Cap
Devyani International Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Aug 2021 · Issue price ₹90
Last close ₹121.45up ₹1.00 (0.83%)BSE ₹121.30
Share price at the NSE close on 28 Oct 2026. Previous close ₹120.45.
28 Oct: open ₹119.40, high ₹123.77, low ₹118.81
52-week range of traded prices to 28 Oct 2026
₹91.55Low, 2 Apr 2026₹169.40High, 28 Oct 2025
- Next results date: the board meets on 2 Nov 2026 to consider: financial results and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹14,974 Cr438th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 9.71
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- −2.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹21 crore of one-off items, the largest of them in the quarter to Dec 2025.
- −0.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.72
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 7,02,55438.7% delivered
About Devyani International
Devyani International Limited runs quick service restaurants (fast-food chains with counter service, takeaway and delivery), mainly as a franchisee of Yum! Brands for KFC and Pizza Hut, alongside other franchised brands and brands of its own.1 It serves customers through dine-in, takeaway and delivery in India, Thailand, Nigeria and Nepal.23
Besides KFC and Pizza Hut, it is the sole franchisee in India for Costa Coffee, New York Fries and Sanook Kitchen, and it owns Vaango, a South Indian vegetarian chain, The Food Street food courts, Biryani By Kilo and Goila Butter Chicken.4 Outside India it runs KFC in Thailand, through its subsidiary Restaurants Development Co. Ltd., and in Nigeria, and its Nepal business includes Pizza Hut.567 It was incorporated in 1991 and opened its first Pizza Hut restaurant, in Jaipur, in 1997.81 In June 2025 it bought about 80.72% of Sky Gate Hospitality, the owner of Biryani By Kilo and Goila Butter Chicken, which became a wholly owned subsidiary on 7 Mar 2026.9 Its registered office is in Gurugram, Haryana.10
RJ Corp Limited is its holding company, with 57.98% of the shares at 31 Mar 2026; the promoter group, including RJ Corp, held 61.36%.11 Ravi Jaipuria is its promoter and non-executive chairman, and Varun Jaipuria, also a promoter, is executive vice-chairman of Varun Beverages Limited, another listed company of the same group.1213
Devyani International key points
Results
- Consolidated revenue was ₹1,581 crore in the quarter to Jun 2026, up 16.5% on a year earlier.14
- Reported EBITDA (earnings before interest, tax, depreciation and amortisation) was a record ₹255 crore in the quarter to Jun 2026, a 16.1% margin. Operating EBITDA, a separate measure the company reports at a 9.6% margin, rose nearly 38% to a record ₹151 crore.1516
- Consolidated profit before tax was ₹229 million in the quarter to Jun 2026, against ₹29 million a year earlier; profit after tax, including the minority owners' share, was ₹171 million, against ₹22 million.17
- In the year to Mar 2026, consolidated revenue rose 13.3% to ₹56,115 million and EBITDA was ₹8,554 million, a margin of 15.2%.18
Merger with Sapphire Foods
- On 26 Aug 2026 the board approved an amended merger scheme after a condition, the sale of about 18.5% of Sapphire Foods by its promoter to group company Arctic International, was called off; the exchange ratio is unchanged and Devyani's promoter group would hold 41.99%.1920
- NSE gave the Sapphire Foods scheme a no-objection letter and BSE a no-adverse-observations letter; NSE's letter, relaying SEBI's comments, says it may not be filed with the National Company Law Tribunal (the court that sanctions mergers) until Competition Commission of India approval is obtained.2122
- On 1 Jan 2026 the board approved a scheme to merge Sapphire Foods India Limited, a Yum! franchisee in India and Sri Lanka, into the company, giving Sapphire shareholders 177 shares of ₹1 for every 100 shares of ₹2.2324
- The merger would bring both companies' KFC and Pizza Hut restaurants in India, except at airports and railway stations, into one company; Sapphire ran 529 KFC and 338 Pizza Hut restaurants in India at the end of September 2025.2524
Revenue mix
- Revenue by business2627
Item quarter to Jun 2026 KFC India ₹684 crore, up nearly 12% International (Thailand, Nigeria, Nepal) ₹523 crore, up more than 20% Pizza Hut India ₹184 crore Own brands ₹98 crore - KFC India's offline (dine-in and takeaway) sales were 57% of its sales in the quarter to Jun 2026, up more than 3 percentage points on a year earlier.28
Branches and reach
- At the end of June 2026 the company ran 2,255 stores, 1,855 of them in India; it describes its network as spanning more than 350 cities.2930
- Stores by brand and market at the end of March 2026313233
Item year to Mar 2026 KFC, India 783 Pizza Hut, India 639 Costa Coffee, India 193 International 399 - In the year to Mar 2026 the company opened 87 KFC stores in India and 22 abroad, ending the year with 1,169 KFC restaurants across 4 countries.3435
Brand performance
- Same-store sales growth (sales growth at stores open in both periods) on a year earlier3637
Item quarter to Jun 2026 KFC India 3.3% Pizza Hut India -2.2% Costa Coffee 10.2% Biryani By Kilo 7.2% Vaango 7.1% - Pizza Hut India made a brand contribution (the company's own measure of a brand's profit) loss of ₹4 crore in the quarter to Jun 2026 and ended it with 626 stores.38
- Biryani By Kilo's brand contribution has turned positive, from negative when the company bought it.39
What the company expects
- On its earnings call of 29 Jul 2026, the company said it expects to complete the Sapphire Foods merger by the end of the year to Mar 2027.40
- The company stated in its annual report for the year to Mar 2026 that the merged company is expected to run more than 3,000 stores with about $1 billion of annual revenue and save an estimated ₹2 to 2.25 billion a year once integrated.4142
- On its earnings call of 29 Jul 2026, the company said that, on current costs, KFC's brand contribution margin could pass 20% once a store's average daily sales reach ₹105,000 to ₹110,000, about 1.5 to 2 years away at 5% to 6% same-store growth.4344
- On its earnings call of 29 Jul 2026, the company said its objective is to make Biryani By Kilo a ₹1,000 crore brand in the next few years.45
Recent events
- On 1 Jul 2026 the company said its subsidiaries had completed an additional investment in Restaurants Development Co., its Thailand subsidiary, a net group investment of about 400 million Thai baht (about ₹1,148 million).46
- Manish Dawar, previously Whole-time Director and Chief Financial Officer, became President and Group Chief Executive Officer on 1 Apr 2026, succeeding Virag Joshi, who stays on the board as a non-executive director.47
- On 10 Mar 2026 the board approved merging wholly owned Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery into the company; the secretarial audit report of 15 May 2026 shows the scheme pending before the National Company Law Tribunal; later filings give no outcome.48
Last updated
All 48 sources, each with its page
- 1. Annual report, 23 Jul 2026, page 84
- 2. Annual report, 23 Jul 2026, page 85
- 3. Annual report, 23 Jul 2026, page 6
- 4. Investor presentation, 29 Jul 2026, page 23
- 5. Annual report, 23 Jul 2026, page 33
- 6. Annual report, 23 Jul 2026, page 35
- 7. Annual report, 23 Jul 2026, page 20
- 8. Annual report, 23 Jul 2026, page 93
- 9. Annual report, 23 Jul 2026, page 45
- 10. Annual report, 23 Jul 2026, page 46
- 11. Annual report, 23 Jul 2026, page 45
- 12. Annual report, 23 Jul 2026, page 40
- 13. Earnings call, 29 Jul 2026, page 14
- 14. Earnings call, 29 Jul 2026, page 4
- 15. Investor presentation, 29 Jul 2026, page 5
- 16. Earnings call, 29 Jul 2026, page 4
- 17. Investor presentation, 29 Jul 2026, page 21
- 18. Annual report, 23 Jul 2026, page 87
- 19. Exchange filing, 26 Aug 2026, page 1
- 20. Exchange filing, 26 Aug 2026, page 2
- 21. Exchange filing, 15 Jun 2026, page 1
- 22. Exchange filing, 15 Jun 2026, page 2
- 23. Exchange filing, 1 Jan 2026, page 1
- 24. Exchange filing, 1 Jan 2026, page 3
- 25. Annual report, 23 Jul 2026, page 46
- 26. Earnings call, 29 Jul 2026, page 5
- 27. Earnings call, 29 Jul 2026, page 6
- 28. Earnings call, 29 Jul 2026, page 5
- 29. Earnings call, 29 Jul 2026, page 6
- 30. Investor presentation, 29 Jul 2026, page 23
- 31. Annual report, 23 Jul 2026, page 84
- 32. Annual report, 23 Jul 2026, page 85
- 33. Annual report, 23 Jul 2026, page 4
- 34. Annual report, 23 Jul 2026, page 15
- 35. Annual report, 23 Jul 2026, page 17
- 36. Investor presentation, 29 Jul 2026, page 5
- 37. Earnings call, 29 Jul 2026, page 5
- 38. Earnings call, 29 Jul 2026, page 5
- 39. Earnings call, 29 Jul 2026, page 13
- 40. Earnings call, 29 Jul 2026, page 6
- 41. Annual report, 23 Jul 2026, page 85
- 42. Annual report, 23 Jul 2026, page 86
- 43. Earnings call, 29 Jul 2026, page 7
- 44. Earnings call, 29 Jul 2026, page 8
- 45. Earnings call, 29 Jul 2026, page 13
- 46. Exchange filing, 1 Jul 2026, page 1
- 47. Annual report, 23 Jul 2026, page 65
- 48. Annual report, 23 Jul 2026, page 55
Results
Consolidated; ₹ crore.Devyani International quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,581 Crup 10.00%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- ₹17 CrQuarter to Mar 2026: −₹9.84 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 1.1%
Revenue by quarter
Peak revenue ₹1,581 Cr, quarter to Jun 2026; lowest ₹1,213 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
- Net profit
- Loss
Back to profit in the quarter to Jun 2026, ₹17 CrA loss in 6 of the 8 quarters shown
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,222 | 1,294 | 1,213 | 1,357 | 1,377 | 1,441 | 1,437 | 1,581 |
| Net profit | −5 | −8 | −17 | 2 | −24 | −11 | −10 | 17 |
| Net margin | −0.4% | −0.6% | −1.4% | 0.2% | −1.7% | −0.8% | – | 1.1% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share. Net margin is left blank for Mar 2026: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,611 Crup 13.34%
- Net profitNet profit. Under it, net profit in the year before. A change in per cent is not worked out where either period is a loss or nothing.
- −₹43 CrYear to Mar 2025: −₹6.90 Cr
- Net margin
- −0.8%
Revenue by year
Peak revenue ₹5,611 Cr, year to Mar 2026; lowest ₹2,084 Cr, year to Mar 2022
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 3 of the 5 years shown
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 2,084 | 2,998 | 3,556 | 4,951 | 5,611 |
| Net profit | 155 | 263 | −10 | −7 | −43 |
| Net margin | 7.4% | 8.8% | −0.3% | −0.1% | −0.8% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Food and Beverages, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/E: loss, last twelve months. Dividend yield is not shown: no dividend in the years on record.Devyani International PE ratio and valuation
Price to book
At or below today's level on 9% of 1,236 trading days over the last 5 years.
LowestHighest
Its median20.11Industry median6.55
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −36.6% | – | – | 0.0% |
| 3 years | −13.2% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
90 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 49 of the 57 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 90 funds holding Devyani International
- AddedAdded. Funds that held more shares than at the end of the month before.
- 19
- CutCut. Funds that held fewer shares than at the end of the month before.
- 38
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 33
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
 Nippon India Multi Cap FundNippon India Mutual Fund | 3,62,57,037 | 0.88% | ₹472.4 Cr |
 Kotak-Small Cap FundKotak Mahindra Mutual Fund | 1,87,87,282 | 1.28% | ₹244.8 Cr |
| Nippon India Growth Mid Cap FundNippon India Mutual Fund | 1,77,00,000 | 0.46% | ₹230.6 Cr |
| Nippon India Large Cap FundNippon India Mutual Fund | 1,55,96,125 | 0.40% | ₹203.2 Cr |
 HSBC Small Cap FundHSBC Mutual Fund | 1,36,33,811 | 0.96% | ₹177.6 Cr |
 HDFC Multi Cap FundHDFC Mutual Fund | 1,13,42,841 | 0.76% | ₹147.8 Cr |
 Axis Small Cap FundAxis Mutual Fund | 1,13,11,741 | 0.48% | ₹147.4 Cr |
| Nippon India Multi Asset Allocation FundNippon India Mutual Fund | 90,21,386 | 0.65% | ₹117.5 Cr |
 Sundaram Mid Cap FundSundaram Mutual Fund | 85,00,000 | 0.80% | ₹110.7 Cr |
| Nippon India Flexi Cap FundNippon India Mutual Fund | 65,26,012 | 0.92% | ₹85.0 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Devyani International insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 2 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Devyani International competitors and peers
Restaurants, 16 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Devyani International in market cap.Consumer services companies
Devyani International is not on the chart: it has no P/E today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Jubilant FoodworksJUBLFOOD | 27,977 | 63.22 | 12.21 | +16.3% | +79.4% | 20.1% | 22.8% | 0.28% |
 Travel Food ServicesTRAVELFOOD | 15,036 | 31.59 | 10.42 | – | – | 33.0% | 34.6% | 0.90% |
 Westlife FoodworldWESTLIFE | 9,290 | 4,783.43 | 15.26 | +9.9% | −94.8% | 0.3% | 14.3% | 0.07% |
 Restaurant Brands AsiaRBA | 6,763 | – | – | +13.3% | – | −21.3% | −4.6% | 0.00% |
 Sapphire Foods IndiaSAPPHIRE | 6,435 | – | 4.59 | +13.3% | – | −0.3% | 8.8% | 0.00% |
 United FoodbrandsUFBL | 2,640 | – | 8.51 | +19.9% | – | −11.8% | 5.7% | 0.00% |
 Spice Lounge Food WorksSPICELOUNG | 1,343 | 85.64 | 10.92 | – | – | 13.5% | 7.3% | 0.00% |
 Speciality RestaurantsSPECIALITY | 671 | 28.50 | 1.94 | +12.0% | +19.2% | 7.0% | 8.8% | 0.72% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Devyani International announcements
Oct 2026
27 Oct · Analysts
16 Oct · General Updates
Sep 2026
21 Sep · Analysts
18 Sep · General Updates
18 Sep · Analysts
Devyani International share price by year
Each calendar year to 2025.Devyani International share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 147.95 | −18.9% | 197.75 | 126.11 |
| 2024 | 182.45 | −5.8% | 221.58 | 147.85 |
| 2023 | 193.75 | +7.2% | 224.70 | 137.95 |
| 2022 | 180.75 | +9.5% | 212.00 | 142.85 |
| 2021 | 165.05 | – | 191.10 | 112.10 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 16 Aug 2021.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 120.80 | 122.37 | 119.35 | 120.45 | 120.91 | 6,15,337 | 51.5% |
| 26 Oct 2026 | 116.41 | 120.65 | 115.10 | 120.12 | 119.32 | 12,74,142 | 62.8% |
| 23 Oct 2026 | 118.62 | 121.26 | 113.55 | 117.38 | 116.22 | 12,65,324 | 46.2% |
| 22 Oct 2026 | 115.00 | 122.21 | 113.29 | 119.35 | 117.55 | 10,22,777 | 42.7% |
| 21 Oct 2026 | 118.49 | 118.95 | 115.03 | 116.18 | 116.74 | 6,41,656 | 42.4% |
| 19 Oct 2026 | 121.83 | 122.10 | 117.80 | 118.32 | 119.34 | 5,69,778 | 44.0% |
| 16 Oct 2026 | 121.61 | 122.50 | 120.47 | 121.93 | 121.78 | 5,11,352 | 39.5% |
| 15 Oct 2026 | 122.74 | 124.36 | 121.30 | 121.57 | 122.47 | 4,85,965 | 30.3% |
| 14 Oct 2026 | 122.19 | 123.79 | 121.11 | 122.74 | 122.67 | 5,06,826 | 44.8% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- DEVYANI
- BSE code
- 543330
- ISIN
- INE872J01023
- Industry
- Leisure Services
- Website
- www.dil-rjcorp.com
- CIN
- L15135HR1991PLC143853
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1991
- Registered office
- Plot No. 18, Sector - 35, Gurugram 122004, Haryana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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