Indian KFC operator Devyani slumps on lower Q3 profit before tax

Devyani International

11/02/2025 07:23

** KFC and Pizza Hut India operator Devyani International
Ltd  DEVY.NS  falls 4.56% to 169.9 rupees after Q3 results
    ** Co reports about 12% decline in Q3 profit before tax as
expenses marginally outpace revenue growth amid accelerated
store expansion 
    ** Revenue from operations increases 53.5%; co adds 111 net
new stores
    ** Same-store-sales decline 4.4% and 0.8% y/y in key brands
KFC and Pizza Hut, respectively, in a muted demand environment 
    ** Q3 reported core profit margin contracts to 16.9% from
17.4% last year
    ** With session's decline, co trims 12-month stock price
gain to 11.8%
    
    
    

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))