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Devyani International Q2 results: Co. slips into red with Rs 5 crore loss; revenue jumps 49% YoY

Devyani International (DIL), a leading QSR operator in India, reported a consolidated net loss of Rs 4.92 crore for the quarter ended September 30, 2024, compared to a net profit of Rs 35.8 crore in the same period last year. However, the company's operating revenue surged 49% year-on-year to Rs 1,222 crore, up from Rs 819.4 crore in Q2FY24.EBITDA for the quarter stood at Rs 198.7 crore, with a margin of 16.3%, down from 18.3% in the previous quarter.Total expenses increased by 55.21% to Rs 1,230.9 crore in Q2 FY25, compared to Rs 793 crore in Q2 FY24.The company expanded its footprint by adding 85 new stores across its brand portfolio during Q2.DIL also announced that it has secured exclusive master franchise rights for three modern QSR brands: TeaLive, New York Fries and Sanook Kitchen.