DEVYANIDevyani International Ltd.
Devyani International Q2 FY27 Results: Consolidated Net Profit ₹3.46 Crore on Total Income of ₹1,531 Crore
- Earnings
- Food and beverages (quick service restaurants)
Reviewed byRachit TripathiBlacklitt Research
Devyani International (NSE: DEVYANI) reported total income of ₹1,531.39 crore and a net profit of ₹3.46 crore on a consolidated basis for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. Standalone total income was ₹968.55 crore, with a net loss of ₹8.55 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,531.39 crore, up 10.8% YoY and down 4.3% QoQ
- Net profit: ₹3.46 crore, against a loss of ₹23.95 crore a year ago and ₹17.10 crore in Q1 FY27
- EPS: ₹0.00 basic, against a loss of ₹0.16 a year ago
- Other income: ₹11.96 crore, up 133.0% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹968.55 crore, up 10.1% YoY and down 5.4% QoQ
- Net loss: ₹8.55 crore, against a loss of ₹14.33 crore a year ago
- EPS: loss of ₹0.07 basic, against a loss of ₹0.12 a year ago
- Finance costs: ₹54.24 crore, down 3.0% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,531.39 | 1,381.89 | +10.8% | 1,599.71 | -4.3% | |
| Revenue from operations | 1,519.43 | 1,376.75 | +10.4% | 1,580.52 | -3.9% |
| Other income | 11.96 | 5.13 | +133.0% | 19.19 | -37.7% |
| 3.46 | -23.95 | n/a | 17.10 | -79.8% | |
| Profit before tax | 5.69 | -26.78 | n/a | 22.92 | -75.2% |
| Finance costs | 65.31 | 68.84 | -5.1% | 70.14 | -6.9% |
| Depreciation | 173.28 | 155.18 | +11.7% | 180.35 | -3.9% |
| Tax expense | 2.23 | -5.20 | n/a | 5.82 | -61.7% |
| Net profit margin | 0.23% | -1.73% | +1.96 pp | 1.07% | -0.84 pp |
| EPS, basic (₹) | 0.00 | -0.16 | n/a | 0.12 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit moved further above zero than income did: it rose from a loss of ₹23.95 crore a year earlier to a profit of ₹3.46 crore, while total income grew 10.8%.
Revenue from operations grew 10.4% YoY, slower than other income. Finance costs of ₹65.31 crore are 4.3% of total income and fell 5.1% YoY.
Against Q1 FY27, net profit fell 79.8% on a 4.3% fall in total income. The filing does not explain the large change in other income between the two quarters.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 968.55 | 879.62 | +10.1% | 1,023.36 | -5.4% | |
| Revenue from operations | 951.77 | 870.61 | +9.3% | 998.52 | -4.7% |
| Other income | 16.78 | 9.02 | +86.0% | 24.84 | -32.5% |
| -8.55 | -14.33 | +40.3% | 8.50 | n/a | |
| Profit before tax | -10.71 | -20.06 | +46.6% | 10.65 | n/a |
| Finance costs | 54.24 | 55.90 | -3.0% | 58.26 | -6.9% |
| Depreciation | 117.63 | 104.62 | +12.4% | 125.24 | -6.1% |
| Tax expense | -2.16 | -5.74 | +62.3% | 2.15 | n/a |
| Net profit margin | -0.88% | -1.63% | +0.75 pp | 0.83% | -1.71 pp |
| EPS, basic (₹) | -0.07 | -0.12 | +41.7% | 0.07 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net loss narrowed to ₹8.55 crore from ₹14.33 crore a year earlier, a 40.3% improvement, while total income rose 10.1%. Tax expense was a credit of ₹2.16 crore, against a credit of ₹5.74 crore in the year-ago quarter.
Other income of ₹16.78 crore is 1.7% of total income. Revenue from operations rose 9.3% YoY. Standalone profit before tax was a loss of ₹10.71 crore, against a profit of ₹10.65 crore in Q1 FY27, and the filing gives no reason for that swing.
The Sapphire Foods India amalgamation is under way. The company says it is in the process of obtaining necessary regulatory and other approvals, under a scheme with an appointed date of 1 Apr 2026 and a share exchange of 177 equity shares for every 100 held. The filing does not give the expected timing of those approvals.
The Sky Gate Hospitality amalgamation has passed First Motion before the NCLT Chandigarh Bench by order dated 23 Jul 2026. The Second Motion Petition was heard on 28 Oct 2026 and the order has been reserved. The outcome is not yet known.
Exceptional items in the year ended 31 Mar 2026 were ₹12.21 crore of Labour Codes expense at consolidated level and ₹11.57 crore at standalone level, together with a ₹9.29 crore payment under protest in a lease dispute at consolidated level.
Inference
The filing states that the company operates in a single reportable segment, food and beverages, and that it struck off Devyani RK Private Limited with effect from 25 Aug 2026.
The filing does not say how the Sky Gate amalgamation will affect reported figures after the order.
Both joint statutory auditors issued limited review reports with unmodified conclusions. The filing does not explain the reason for the year-ago consolidated loss attributable to owners beyond the discontinued operations line.
Filed with BSE on . Reference: Original filing (PDF)
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