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KRChoksey Research Report
Devyani International Ltd.'s reported revenue growth of 65% YoY/21% QoQ to Rs 6,244 million in Q3 FY22. KFC and Pizza Hut India revenues grew by 64% each.
Ebitda registered growth of 68% YoY/20% QoQ to Rs 1,478 million and Ebitda margin improved by 39 basis points YoY t0 23.7%. Gross margin improved to 71.4%.
Devyani International reported net profit of Rs 660 million (up 40% YoY/41.6% QoQ).
During Q3 FY22, Devyani International opened 81 new stores taking total count to 884 stores.
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