Q3 2025 Devyani International Ltd Earnings Call Transcript
Key Points
- Devyani International Ltd (BOM:543330) achieved a significant milestone by surpassing 2,000 stores, ahead of their original target.
- The company reported a 53.5% year-on-year growth in consolidated revenue for Q3 FY25, reaching INR1,294 crores.
- KFC was awarded the Most Admired Retailer of the Year for market expansion at the Pepsi Images Foodservice Awards 2024.
- The company successfully added 111 net new stores in Q3, with core brands KFC, Pizza Hut, and Costa Coffee contributing significantly.
- International operations, particularly in Thailand, showed growth with the addition of nine new stores, contributing to overall revenue growth.
- Gross margin for the consolidated business dropped by 60 basis points due to food inflation, impacting core brands.
- Pizza Hut's performance was weaker, with lower margins and flat average daily sales compared to the previous quarter.
- The geopolitical situation in regions like Kerala, Assam, and West Bengal negatively impacted KFC's performance.
- The Nigerian currency's instability has previously led to significant losses, although it showed signs of stabilization in Q3.
- Despite aggressive store expansion, the subdued consumer sentiment and external environment have impacted same-store sales growth (SSSG).
Ladies and gentlemen, good day, and welcome to the Devyani International's earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anoop Poojari from CDR India. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone, and thank you for joining us on Devyani International's Q3 FY25 earnings conference call. We have with us Mr. Ravi Jaipuria, Non-Executive Chairman of the company; Mr. Raj Gandhi, Non-Executive Director; Mr. Virag Joshi, CEO and Whole-Time Director; and Mr. Manish Dawar, CFO and Whole-Time Director of the company.
We'll initiate the call with opening remarks from the Chairman, followed by key financial highlights from the CFO. Post that, we will have the forum open for a question-and-answer session. Before we begin, I would like to point out that some statements made in today's call may be forward-looking in nature, and a disclaimer to this effect has been included in the results presentation shared
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