Q3FY22 Quarterly Result Announced for Devyani International Ltd.
Restaurants firm Devyani International declares Q3FY22 result: Sequential improvement across performance metrics Net New Units at 81 – highest ever. Led by Pizza Hut & KFC openings. Revenue from operation grew 21% QoQ. Improving profitability: QoQ Brand Contribution up 28% & Pre-IndAS EBITDA grew 30%. Revenue from operations grew by 65% to Rs. 6,244 million vs the year ago All round encouraging performance of Core Brands. India - KFC & Pizza Hut revenues up by 64% each. Robust SSSG performance on Core Brands ; KFC @24% and Pizza Hut @25% Consolidated EBITDA (Post INDAS) increased by 67% to Rs. 1,478 million from Rs. 883 million Brand contribution up by 114% to Rs. 1,366 million, with margins at 21.9% Healthy consolidated EBITDA margins at 23.7% PBT at Rs. 669 million up 42% QoQ. Strong operational performance and healthy new stores additions led the Company to improve profitability during the quarter. Result PDF04-02-2022
