Devyani International Q2 FY27 Consolidated Profit ₹34.62M

Summary of Key Information:

Reporting Period: Quarter and half year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR Regulations

Audit Opinion:

Unmodified opinion from joint statutory auditors Walker Chandiok & Co LLP and O P Bagla & Co LLP

Key Financial Highlights [INR in million]:

Consolidated Results:

Quarter Ended September 30, 2026:

Revenue from Operations: ₹15,194.25 (vs. ₹13,767.51 in Q2 FY26, +10.4% YoY)
Total Income: ₹15,313.85
Net Profit: ₹34.62 (vs. Net Loss of ₹239.46 in Q2 FY26)
EPS: (0.00) per equity share (Basic and Diluted)

Half Year Ended September 30, 2026:

Revenue from Operations: ₹30,999.41 (vs. ₹27,337.20 in H1 FY26, +13.4% YoY)
Total Income: ₹31,310.92
Net Profit: ₹205.66 (vs. Net Loss of ₹217.18 in H1 FY26)
EPS: 0.12 per equity share (Basic and Diluted)

Comparative Full Year (Audited):

Year Ended March 31, 2026: Net Loss of ₹425.35 million

Key Consolidated Metrics as at September 30, 2026:

Other Equity: ₹14,217.65 million
Cash and Cash Equivalents: ₹1,529.47 million (decreased from ₹4,912.50 million at March 31, 2026)
Total Debt (Borrowings): ₹9,840.36 million (Non-current: ₹6,813.40 million, Current: ₹3,026.96 million)
Lease Liabilities: ₹24,694.61 million (Non-current: ₹22,479.93 million, Current: ₹2,214.68 million)

Standalone Results:

Quarter Ended September 30, 2026:

Revenue from Operations: ₹9,517.71 (vs. ₹8,706.06 in Q2 FY26, +9.3% YoY)
Total Income: ₹9,685.46
Net Loss: ₹85.48 (vs. Net Loss of ₹143.25 in Q2 FY26)
EPS: (0.07) per equity share (Basic and Diluted)

Half Year Ended September 30, 2026:

Revenue from Operations: ₹19,502.94 (vs. ₹17,874.94 in H1 FY26, +9.1% YoY)
Total Income: ₹19,919.09
Net Loss: ₹0.47 (vs. Net Loss of ₹81.19 in H1 FY26)
EPS: (0.00) per equity share (Basic and Diluted)

Key Standalone Metrics as at September 30, 2026:

Other Equity: ₹13,819.91 million
Cash and Cash Equivalents: ₹46.52 million (decreased from ₹173.98 million at March 31, 2026)
Total Debt (Borrowings): ₹5,322.01 million (Non-current: ₹3,629.72 million, Current: ₹1,692.29 million)
Lease Liabilities: ₹20,950.74 million (Non-current: ₹19,174.84 million, Current: ₹1,775.90 million)

Segment-wise Performance:

The Group operates in a single reportable business segment "food and beverages" in terms of Ind AS 108.

Corporate Actions:

No dividend declarations, share splits, bonus issues, or buybacks announced
The Board approved a Scheme of Arrangement for amalgamation of Sapphire Foods India Limited with the Company with effect from April 1, 2026 (appointed date)
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 process of obtaining necessary regulatory approvals for the amalgamation

Other Significant Information:

Exceptional Items (Previous Year):

INR 122.13 million (Consolidated) and INR 115.72 million (Standalone) for increased post-employment defined benefit obligations due to legislative change in labor codes
INR 92.90 million payment under protest for lease dispute resolution

Subsidiary and Joint Venture Updates:

Sky Gate Hospitality Private Limited became wholly-owned subsidiary during Q4 FY26
Peanutbutter and Jelly Private Limited ceased to be subsidiary after stake sale to Heritage Foods Limited in January 2026
Devyani RK Private Limited (joint venture) struck off with effect from August 25, 2026

Cash Flow Highlights (Consolidated H1 FY27):

Net cash generated from operating activities: ₹4,858.02 million
Net cash used in investing activities: ₹2,117.37 million
Net cash used in financing activities: ₹6,124.32 million
Net decrease in cash and cash equivalents: ₹3,383.03 million

Entities Included in Consolidation:

Subsidiaries: Devyani International (Nepal) Private Limited, RV Enterprises Pte. Limited, Devyani International (Nigeria) Limited, Devyani International FZCO, White Snow Company Limited, Blackbriar Company Limited, Yellow Palm Company Limited, Restaurant Development Co. Limited, Sky Gate Hospitality Private Limited, Blackvelvet Hospitality Private Limited, Say Chefs Eatery Private Limited

Joint Ventures: Devyani RK Private Limited (struck off), Devyani PVR INOX Private Limited