Stocks
KFC, Pizza Hut operator Devyani soars 10% after Q3 results
Mumbai/IBNS: Shares of Devyani International, the operator of several quick service restaurant (QSR) brands, surged nearly 10 per cent on Wednesday following the announcement of its Q3 FY2025–26 results, media reports said.
The company, which operates popular brands such as KFC, Pizza Hut and Costa Coffee, reported a wider net loss of Rs 10.3 crore for the December quarter, compared with a loss of Rs 0.5 crore in the corresponding quarter of the previous financial year.
Despite the higher loss, investor sentiment was buoyed by strong revenue growth.
The company’s revenue rose 11.3 per cent year-on-year to Rs 1,441 crore during the quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) also improved, increasing 8.3 per cent year-on-year to Rs 231 crore, up from Rs 213.3 crore in the year-ago period.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
