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Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chainquick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.[1]
OverviewThe company is a leading quick-service restaurant (QSR) operator in India and is part of RJ Corporation, founded by Ravi Kant Jaipuria in 1991. RJ Corp is a multinational conglomerate with successful ventures in beverages (Varun Beverages), QSR (KFC, Pizza Hut, Costa Coffee), retail, ice cream (Cream Bell, Daima), healthcare (Medanta Africare), and education, spanning over 14 countries.[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Jubilant Food. | 589.20 | 129.74 | 38878.08 | 0.20 | 194.60 | 52.58 | 2340.15 | 19.72 | 13.08 | 8854.95 | 19.25 | 299.66 | 105.06 | 17.94 | 2.77 | 2.11 |
| 2. | Travel Food | 1313.70 | 49.27 | 17298.73 | 0.00 | 97.90 | -10.62 | 355.89 | -28.88 | 41.69 | 1687.74 | 32.83 | 362.47 | 95.77 | 14.60 | 21.49 | 0.24 |
| 3. | Devyani Intl. | 136.93 | – | 16881.72 | 0.00 | -14.33 | -1504.90 | 870.61 | 4.18 | 7.53 | 3461.32 | 16.35 | -17.07 | -14.33 | 11.04 | 0.64 | 1.59 |
| 4. | Westlife Food | 587.90 | – | 9167.49 | 0.13 | 27.71 | -4077.78 | 641.85 | 3.86 | 7.08 | 2556.34 | 12.43 | -4.56 | -14.32 | 14.71 | 0.32 | 2.67 |
| 5. | Sapphire Foods | 256.14 | 3811.59 | 8231.90 | 0.00 | -12.79 | -631.69 | 742.44 | 6.72 | 5.76 | 2987.15 | 15.25 | 2.16 | -12.77 | 5.91 | 0.86 | 0.99 |
| 6. | Restaurant Brand | 61.18 | – | 3562.51 | 0.00 | -63.33 | 2.61 | 703.43 | 11.23 | -3.01 | 2672.76 | 10.72 | -207.22 | -58.60 | 4.43 | -7.55 | 2.23 |
| 7. | Spice LoungeFood | 50.47 | 497.65 | 3518.38 | 0.00 | 3.44 | 309.52 | 46.21 | 157.01 | – | 165.78 | 8.38 | 7.07 | 3.44 | 31.69 | – | 1.03 |
| – | Median: 11 Co. | 136.93 | 129.74 | 3562.51 | 0.0 | 0.54 | -10.62 | 355.89 | 6.72 | 6.42 | 1687.74 | 15.25 | -0.47 | -12.46 | 5.91 | 0.48 | 1.31 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 729 | 796 | 873 | 790 | 840 | 917 | 700 | 752 | 801 | 693 | 779 | 836 | 871 |
Expenses | 575 | 647 | 726 | 632 | 667 | 766 | 565 | 603 | 664 | 541 | 640 | 689 | 739 |
Operating Profit | 154 | 149 | 146 | 158 | 172 | 151 | 135 | 149 | 137 | 151 | 139 | 146 | 131 |
Other Income | 9 | 5 | 14 | 7 | 11 | 16 | 12 | -99 | 14 | 6 | 8 | 10 | 9 |
Profit before tax | 62 | 22 | -0 | 53 | 40 | 7 | 37 | -91 | -16 | 62 | 24 | 3 | -20 |
Tax % | -14% | 17% | -1,537% | 25% | 20% | 14% | -54% | 16% | -15% | 1% | -71% | 69% | -29% |
Net Profit | 71 | 18 | 4 | 40 | 32 | 6 | 57 | -105 | -13 | 62 | 41 | 1 | -14 |
EPS in Rs | 0.59 | 0.15 | 0.04 | 0.33 | 0.26 | 0.05 | 0.48 | -0.87 | -0.11 | 0.51 | 0.34 | 0.01 | -0.12 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
Sales | 807 | 881 | 1,071 | 1,228 | 999 | 1,853 | 2,774 | 3,116 | 3,349 | 3,461 |
Expenses | 819 | 776 | 1,031 | 1,021 | 836 | 1,462 | 2,182 | 2,516 | 2,722 | 2,895 |
Operating Profit | -11 | 104 | 40 | 207 | 163 | 391 | 592 | 601 | 628 | 566 |
Other Income | 11 | 17 | 9 | -47 | 91 | 14 | 34 | -79 | 48 | 54 |
Interest | 16 | 19 | 30 | 120 | 128 | 107 | 136 | 173 | 222 | 226 |
Depreciation | 56 | 48 | 56 | 175 | 191 | 185 | 257 | 341 | 426 | 422 |
Profit before tax | -73 | 55 | -38 | -135 | -65 | 112 | 233 | 8 | 27 | -29 |
Net Profit | -73 | 55 | -38 | -135 | -65 | 153 | 260 | -6 | 24 | -17 |
EPS in Rs | -6.84 | 5.15 | -3.57 | -12.72 | -0.57 | 1.27 | 2.16 | -0.05 | 0.20 | -0.14 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 106 | 106 | 106 | 106 | 115 | 120 | 120 | 121 | 121 | 123 |
Reserves | 149 | 203 | 165 | -90 | 184 | 773 | 964 | 968 | 983 | 1,405 |
Borrowings | 190 | 252 | 322 | 437 | 1,081 | 1,007 | 1,410 | 2,115 | 2,373 | 2,423 |
Other Liabilities | 121 | 139 | 218 | 1,067 | 218 | 268 | 407 | 439 | 488 | 520 |
Total Liabilities | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,903 | 3,643 | 3,964 | 4,472 |
Fixed Assets | 278 | 335 | 399 | 1,129 | 1,209 | 1,552 | 2,268 | 2,774 | 3,069 | 3,065 |
Gross Block | 375 | 454 | 574 | 1,475 | 1,517 | 2,031 | 3,059 | 3,902 | 4,567 | – |
Accumulated Depreciation | 97 | 118 | 175 | 346 | 308 | 479 | 791 | 1,127 | 1,498 | – |
CWIP | 6 | 3 | 5 | 6 | 7 | 1 | 7 | 7 | 3 | 8 |
Investments | 122 | 158 | 133 | 98 | 88 | 110 | 84 | 355 | 356 | 846 |
Other Assets | 162 | 204 | 273 | 285 | 294 | 505 | 543 | 506 | 536 | 553 |
Total Assets | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,903 | 3,643 | 3,964 | 4,472 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 54 | 105 | 75 | 241 | 158 | 385 | 595 | 587 | 662 |
Cash from Investing Activity | -65 | -156 | -184 | -116 | -302 | -363 | -305 | -737 | -323 |
Cash from Financing Activity | 1 | 43 | 105 | -139 | 170 | -10 | -279 | 109 | -327 |
Net Cash Flow | -11 | -8 | -4 | -14 | 26 | 12 | 10 | -42 | 12 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 12 | 15 | 10 | 14 | 6 | 4 | 5 | 6 |
Inventory Days | 38 | 36 | 41 | 50 | 65 | 50 | 52 | 34 | 41 |
Days Payable | 101 | 111 | 109 | 121 | 154 | 107 | 93 | 97 | 112 |
Cash Conversion Cycle | -52 | -64 | -54 | -61 | -75 | -51 | -38 | -57 | -64 |
Working Capital Days | -13 | -20 | -49 | -101 | -72 | -11 | -36 | -43 | -50 |
ROCE % | – | 14% | -1% | 11% | 2% | 14% | 17% | 10% | 8% |
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