Devyani International Ltd (DIL) has put out its Q2 results for this financial year and has reported a consolidated net loss of rs 4.92 crore. Master franchisee of Pizza Hut, KFC and Costa Coffee in India, the quick service restaurant (QSR) operator had reported a profit of Rs 35.82 crore in the July-September quarter a year ago, according to a regulatory filing by the Jaipuria family-promoted firm.
Its revenue from operations was up 49.13 per cent to Rs 1,222.15 crore in the September quarter against Rs 819.47 crore in the corresponding period.
Devyani International Ltd. also announced that it has secured exclusive master franchise rights for three new qsr brands which include Tealive, New York Fries and Sanook Kitchen. “As DIL’s existing brands continue to drive store growth and introduce exciting new menu offerings, DIL broadens its offerings to include a new category of modern food & beverage choices by expanding its portfolio of brands,” it said.
Chairman Ravi Jaipuria said these brands will cater to youth categories such as handcrafted tea, fresh-cut fries and authentic Thai & Asian cuisine. “The new partnerships reflect our commitment to bringing diverse, high-quality contemporary food & beverages brands to our customers while driving sustainable growth for DIL,” he said.
Tealive is a Malaysian tea and beverage chain and is southeast Asia’s largest and innovative handcrafted tea brand, with over 900 outlets worldwide. New York Fries (NYF) is Canada’s largest multi-channel restaurant company, with over 19 select quality brands. NYF is a premium quick-service concept, known for its iconic fresh-cut french fries, loaded fries and hot dogs.
Sanook kitchen is Singapore’s leading and popular brand, which specializes in authentic Thai and Asian cuisine.
In the September quarter, DIL opened 85 net new stores in its sales network.
