Devyani International earnings calls.

Devyani International delivered a strong Q1 FY27 with 16.5% YoY revenue growth to INR 581 croresCurrent 16.5% vs previous available quarter 18.5%., driven by KFC's 12% revenue growth and robust international performance. The company achieved its highest-ever operating EBITDA of INR 151 crores at 9.6% marginCurrent 151% vs previous available quarter 123%., representing 38% YoY growth. KFC maintained its momentum with 3.3% SSSG and dine-in salience improving to 57%Current 3.3% SSSG and dine-in salience improving to 57%. Reported change: +3pp YoY., while own brands (Biryani by Kilo, Wango) delivered 7%+ SSSG. The Pizza Hut turnaround is underway with improving sequential trends, though it still posted a brand contribution loss of INR 4 crores. Management is focused on disciplined store expansion aligned with prior guidance, technology adoption, and preparing for the Sapphire Foods merger expected by FY27 end. Key risks include LPG inflation, wage pressures, and uncertain macro conditions impacting consumption recovery. The new leadership team is settling in, bringing fresh energy to the DIL 2.0 transformation.