DEVYANI · Consumer Services
Devyani International Ltd. reported revenue of ₹1,437 cr for January to March 2026, +18.5% on the year and −0.3% on the quarter. Over the last four quarters revenue comes to ₹5,612 cr, +13.4% on the four before.
Operating profit (EBITDA) was ₹220 cr, a margin of 15.3%, −2 bps on the year and −72 bps on the quarter. Over the last 8 quarters the margin has ranged from 13.9% to 17.7%, averaging 15.7%. Operating costs grew +18.5%, broadly with revenue, so operating profit kept pace with sales.
The net loss was ₹10.0 cr, with earnings per share of −₹0.08.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Other income carrying profit, Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹819 cr | ₹843 cr | ₹1,047 cr | ₹1,222 cr | ₹1,222 cr | ₹1,294 cr | ₹1,213 cr | ₹1,357 cr | ₹1,377 cr | ₹1,441 cr | ₹1,437 cr | ₹1,581 cr |
| YoY | — | — | — | +44% | +49% | +53% | +16% | +11% | +13% | +11% | +18% | +17% |
| EBITDA margin | 18.8% | 17.3% | 12.4% | 17.7% | 16.0% | 16.5% | 15.3% | 15.2% | 13.9% | 16.0% | 15.3% | 16.1% |
| Other income, % of PBT | −37% | 50% | — | 32% | — | 100% | — | 433% | — | — | — | 83% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | 48% | — | 27% | — | — | — | 19% | — | — | — | 25% |
| Net profit | ₹36.0 cr | ₹5.0 cr | −₹49.0 cr | ₹22.0 cr | −₹5.0 cr | −₹8.0 cr | −₹17.0 cr | ₹2.0 cr | −₹24.0 cr | −₹11.0 cr | −₹10.0 cr | ₹17.0 cr |
| YoY | — | — | — | — | −114% | −260% | — | −91% | — | — | — | +750% |
| Core profit YoY | — | — | — | +250% | −135% | −100% | — | −148% | — | — | — | — |
| EPS | ₹0.28 | ₹0.08 | −₹0.06 | ₹0.25 | ₹0.00 | ₹0.00 | −₹0.12 | ₹0.03 | −₹0.18 | −₹0.08 | −₹0.08 | ₹0.12 |
| Flags | 1 | 1 | · | 1 | 2 | 2 | ✓ | 1 | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Devyani International Ltd. reported revenue of ₹1,437 cr (+18.5% on the year) and net profit of −₹10.0 cr (— on the year) for January to March 2026.
None of the 5 checks that could run raised a question.
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