Devyani International reported consolidated revenue from operations at ₹13.77 billion for Q2, but recorded a net loss of ₹218.9 million, reflecting ongoing cost pressures despite robust top-line performance.
Devyani International Ltd announced its September quarter results, posting a consolidated revenue from operations of ₹13.77 billion, underscoring strong sales momentum across its diverse foodservice brands. However, the quarter also witnessed a net loss of ₹218.9 million, signaling challenges in cost management amid inflationary pressures and competitive market dynamics.
Key highlights:
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Consolidated revenue of ₹13.77 billion reflects steady consumer demand and effective sales strategies.
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The net loss of ₹218.9 million is attributed to higher raw material costs, operational expenses, and strategic investments.
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Devyani’s brand portfolio, including flagship fast-food chains, continues to drive top-line growth despite margin pressures.
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Increased advertising, expansion costs, and supply chain disruptions impacted overall profitability.
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The company is focused on optimizing operational efficiency and cost controls to return to profitability.
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Management remains confident about long-term growth prospects driven by expanding outlet network and operational improvements.
Devyani International’s Q2 performance is a mixed bag of revenue strength but cost-related losses, highlighting the balancing act in the current competitive foodservice landscape.
Sources: Company filings, Economic Times, Business Standard