Quick service restaurant (QSR) operator Devyani International Ltd on Wednesday reported a web revenue of Rs 74.76 crore for the primary quarter ended June 30, 2022.
The firm, which is the biggest franchisee of Yum Brands in India, having Pizza Hut and KFC, and Costa Coffee, had reported a web lack of Rs 33.41 crore within the April-June quarter a yr in the past, Devyani International Ltd (DIL) mentioned in a regulatory submitting.
Its income from operations through the quarter below evaluation was up almost two-fold to Rs 704.72 crore, as towards Rs 352.75 crore within the year-ago interval, it added.
DIL’s complete bills through the quarter had been 69.08 per cent larger at Rs 636.58 crore, as in comparison with Rs 376.49 crore within the corresponding interval a yr in the past.
“In Q1 FY23, DIL opened 70 net new stores, taking the total count to 1,008. It hit a key milestone — launched 1,000th outlet during the quarter; Plans to double store count in the next 4–5 years,” in keeping with an DIL earnings assertion.
During the quarter, DIL opened 25 new eating places for KFC taking the whole depend to 391. While for Pizza Hut, it added 34 shops taking the whole depend to 436 shops.
It was working 69 shops of Costa Coffee by the tip of June 30, 2022.
DIL additionally operates 29 shops of KFC in Nigeria and 18 shops of KFC and Pizza Hut in Nepal.
As on June 30, 2022, DIL operates 391 KFC shops, 436 Pizza Hut shops and 69 Costa Coffee shops in India.
Commenting on the outcomes, Chairman Ravi Jaipuria mentioned DIL’s pan-India attain has expanded additional, and is now current in 215 cities.
“The non-metro store contribution within our Core Brands has gone up to 52 per cent now. Our total system store count stood at 1,008 stores as of June 30, 2022,” it mentioned.
Shares of Devyani International Ltd on Wednesday had been buying and selling at Rs 191 on BSE, up 8.06 per cent from the earlier shut.