Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and unaudited financial results under Regulation 30 of SEBI LODR
Audit Opinion:
Unmodified opinion from joint statutory auditors Walker Chandiok & Co LLP and O P Bagla & Co LLP on both standalone and consolidated financial results
Key Financial Highlights [INR in million]:
Standalone Results:
Revenue from Operations: ₹9,985.23 (Q1 FY27) vs ₹9,168.88 (Q1 FY26) - YoY increase of ₹816.35 million
Total Income: ₹10,233.63 (Q1 FY27) vs ₹9,330.99 (Q1 FY26) - YoY increase of ₹902.64 million
Net Profit: ₹85.01 million (Q1 FY27) vs ₹62.06 million (Q1 FY26) - YoY improvement
EPS: Basic and Diluted ₹0.07 (Q1 FY27) vs ₹0.05 (Q1 FY26)
Other Equity: ₹13,815.11 million (as of March 31, 2026)
Expense Breakdown:
Cost of materials consumed: ₹2,818.61 million
Employee benefits expense: ₹1,395.96 million
Finance costs: ₹582.56 million
Depreciation and amortization expense: ₹1,252.41 million
Other expenses: ₹4,063.91 million
Consolidated Results:
Profit for the period: ₹171.04 million (Q1 FY27)
Profit attributable to Owners of the Company: ₹146.47 million
Non-controlling interests: ₹24.57 million
Total comprehensive income for the period: ₹143.16 million
Paid-up equity share capital: ₹1,232.94 million (face value of ₹1/- each)
Segment-wise Performance:
The Group operates in a single reportable business segment "food and beverages" in terms of Ind AS 108 - Segment Reporting.
Corporate Actions:
The Board approved a Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, for the amalgamation of Sapphire Foods India Limited with the Company, with effect from appointed date of April 1, 2026. Under the Scheme, the Company will issue 177 equity shares of ₹1 each for every 100 equity shares of ₹2 each held in Sapphire Foods India Limited. The Company is in the process of obtaining necessary regulatory and other approvals.
Other Significant Information:
Sky Gate Acquisition: On June 10, 2025, the Company acquired an 80.72% equity stake (on a fully diluted basis) in Sky Gate Hospitality Private Limited for an aggregate consideration of ₹4,196 million. Subsequently, the Company increased its equity stake in Sky Gate to ~86.13% and later acquired the remaining equity stake, making Sky Gate a wholly-owned subsidiary.
Peanutbutter Divestment: During the quarter ended December 31, 2025, Sky Gate executed a Share Purchase Agreement with Heritage Foods Limited for sale of its entire 51% equity stake in Peanutbutter and Jelly Private Limited. The transaction completed in January 2026.
Sky Gate Amalgamation: In March 2026, the Board approved a Scheme of Amalgamation involving amalgamation of Sky Gate and its wholly owned subsidiaries (Blackvelvet Hospitality Private Limited and Say Chefs Eatery Private Limited) with and into the Company, with effect from appointed date of April 1, 2025. The NCLT Chandigarh Bench pronounced its First Motion Order on July 23, 2026.
Exceptional Items: For the year ended March 31, 2026, the Group recognized exceptional items of ₹122.13 million (consolidated) and ₹115.72 million (standalone) related to increased post-employment defined benefit obligations due to legislative changes in Labour Codes. Additionally, ₹92.90 million was recognized as exceptional item for payment made under protest relating to a lease dispute.
Subsidiaries and Joint Ventures: The consolidated results include 12 subsidiaries and 2 joint ventures (Devyani RK Private Limited - under liquidation, and Devyani PVR INOX Private Limited).