Devyani International Limited is a prominent quick-service restaurant (QSR) operator in India, known as a major franchisee for brands like KFC, Pizza Hut, and Costa Coffee. The company operates over 2,000 stores across India, Nepal, Nigeria, and Thailand.

Despite external challenges such as unseasonal rains and festivals impacting consumer spending, the company reported a 13% year-on-year growth in consolidated revenues for Q2 FY26, reaching INR 1,377 crore.

Expansion continues to be a key focus, with notable store additions including 30 new KFC outlets and 3 new Pizza Hut outlets during Q2 FY26. The company also test launched 'Tealive', adding 6 new stores.

The integration of recent acquisitions like Biryani By Kilo and Goila Butter Chicken remains on track, with goals to achieve brand contribution break-even by March 2026. However, the Skygate acquisition continues to weigh slightly on margins.

International operations, particularly in Thailand, maintain strong performance with a 14% year-on-year revenue growth, despite challenges such as weather disruptions.