Devyani International Ltd. · NSE:DEVYANI
Devyani International — Q3 FY25 Earnings Presentation
33 slides from Devyani International's earnings presentation, Feb 11, 2025
Slide 1: Regulation 30 filing cover letter to stock exchanges
February 11, 2025 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Symbol: DEVYANI Security Code:
Slide 2: Q3 FY'25 Results Presentation
Q3 FY’25 Results Presentation Feb 11th, 2025
Slide 3: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase any securities (“Securities”) of Devyani International Limited (the “Company”) in India, the Uni
Slide 4: Chairman Comments
Chairman Comments “I am delighted to say that DIL has successfully met its store expansion guidance, crossing an impressive milestone of 2,000 stores in the recent quarter, across all brands and geographies - ahead of the original target. This achievement further enhances our market presence and rei
Slide 5: Q3 and 9M FY25 - Business Highlights
Q3 and 9M FY25 - Business Highlights Store expansion strategy continues ✓ 250 NNUs in 9M FY25 vs. 209 stores in PY. ✓ Achieved milestone of 2,000 stores in Q3 FY25. Guidance met. ✓ 17 KFC stores added in Thailand in 9M FY25. ✓ First food court under PVR JV opened in Kota. Brand Performance ✓ Positiv
Slide 6: Q3 FY25 - Performance Highlights
Q3 FY25 - Performance Highlights Positive store additions Strong Revenue growth ✓ 2,032 Stores as of Dec 31, 2024 Q3 FY25 INR 12,945 Mn; +5.9% QoQ ✓ 111 NNUs in Q3 FY25 ✓ KFC India INR 5,698 Mn ; +4.8% QoQ ✓ 305 KFC stores in Thailand as of Dec 31, ✓ PH India INR 1,902 Mn ; +2.9% QoQ 2024 ✓ Costa IN
Slide 7: New Store Openings
New Store Openings Net New Units (NNU) Stores as at Stores as at Stores as at Brand Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 31 Dec 23 31 March 24 31 Dec 24 KFC 50 28 44 100 93 590 596 689 PH 30 23 51 59 77 565 567 644 Costa 8 15 2 42 30 154 179 209 Vaango 1 18 4 2 31 54 63 94 Others 0 0 0 0 -2 24 24
Slide 8: Core Brands Stores; India – Regional split
Core Brands Stores; India – Regional split As on Dec 31, 2024 Dec 31, March 31, Sep 30, Dec 31, Core Brand Stores 2023 2024 2024 2024 Delhi NCR 250 253 260 272 544 548 35% 36% Bangalore 151 163 169 174 North Kolkata 78 81 86 91 142 Hyderabad 90 90 100 103 308 East 9% 20% Other Metro Cities 64 69 72
Slide 9: Performance Trend – DIL Consolidated
Performance Trend – DIL Consolidated Net New Units (Nos) Revenue from Operations Gross Margin 70.6% 69.3% 68.7% 70.8% 69.1% 250 12,945 37,385 25,816 12,221 8,474 8,892 111 209 94 25,092 5,954 17,753 85 8,431 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 F
Slide 10: Performance Trend – DIL India
Performance Trend – DIL India Net New Units (Nos) Revenue from Operations Gross Margin 25,481 71.3% 71.6% 71.2% 71.3% 71.6% 229 8,356 8,726 23,646 18,237 7,964 5,983 6,216 16,854 101 203 5,677 89 84 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY
Slide 11: Performance Trend – DIL International
Performance Trend – DIL International Net New Units (Nos) Revenue from Operations Gross Margin 12,141 57.8% 65.1% 64.1% 61.0% 64.3% 21 4,300 3,943 2,754 7,802 10 2,566 5 6 1 479 1,475 277 899 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M F
Slide 12: Core Brands – KFC – India
(3) KFC | TASTE THE FPIC 3 \a J BURGERS semnits CHICKEN BUCKET Core Brands — KFC — India
Slide 13: Q3 Net New Stores - 44
Q3 Net New Stores - 44 NAMCHI, SIKKIM GANGANAGAR, RAJASTHAN VATIKA BUSINESS PARK, GURGAON NAIHATI, KOLKATA CURCHOREM,GOA PUTTENHALLI JP NAGAR, BENGALURU
Slide 14: Business Performance – KFC India
Business Performance – KFC India Revenue and Sales mix ADS and SSSG 590 645 689 590 689 Stores SSSG -4.7% -7.0% -4.4% -2.7% -6.4% 104 16,678 96 96 110 5,243 5,434 5,698 15,496 98 40% 42% 42% 39% 42% Off-Premise On-Premise 60% 58% 58% 61% 58% Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3
Slide 15: KFC Marketing Campaigns
KFC Marketing Campaigns Haag KFC EPIC FEAST 5" DEC - 2™ JAN rare 49 LUNCH — EPIC CRUNCH r <ae cure EPIC HERO OF THE ’ Z SAVERS my 99 Sy 2:99 4149 105399
Slide 16: Core Brands – Pizza Hut – India
Core Brands – Pizza Hut – India 15
Slide 17: Q3 Net New Stores - 51
Q3 Net New Stores - 51 JANTA CITY, BEHRAMPUR MIDWAY DIMAPUR PACIFIC MALL SHYAM NAGAR, KOLKATA KHORDHA DOMBIVLI
Slide 18: Business Performance – PH India
Business Performance – PH India Revenue and Sales mix ADS and SSSG 565 593 644 565 644 Stores SSSG -12.6% -5.7% -9.4% -5.2% -0.8% 37 38 1,902 5,471 5,568 35 35 35 1,796 1,848 56% 56% 54% 56% 55% Off-Premise On-Premise 44% 44% 46% 44% 45% Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY2
Slide 19: New Initiatives
New Initiatives 7:43 < 435 PizzaHut® 2) Mn, HUT CAFE ‘ORINKS FOR EVERY M@@D, MEAL FORE sume ‘Chhath Pooja Special Meal for 2 at just 249919 This Chhath Pooja, make it a Festi nce!” celebration of flavors with Hut GETI Treat Meal for 2 at just 2499"! Enjoy our Ultimate Chhath Pooja Treat for 2 = | ™
Slide 20: Core Brands – Costa Coffee – India
Core Brands – Costa Coffee – India
Slide 21: Q3 Net New Stores
Q3 Net New Stores 2 GOOD EARTH,,GURGAON SAKET, DELHI BENAULIM, GOA LULU MALL, KOTTAYAM SADASHIV NAGAR< BANGLORE
Slide 22: Business Performance – Costa India
Business Performance – Costa India Revenue ADS and SSSG 154 207 209 154 209 Stores SSSG 5.9% 8.7% 5.1% 7.9% 3.9% 1,462 35 33 517 490 27 27 26 397 1,067 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Gross Margin Brand Contribution 77.2% 75.0% 75.5% 76.9% 75.2% 14.9%
Slide 23: Marketing Initiatives
Marketing Initiatives ee ee COSTA COsTA COFFEE Special Offer for x ONTHEGO c (22a Trivandrum Club Members COSTA COFFEE — cELEBRATING — INTERNATIONAL MEN'S DAY Indulge In Perfect AnyHot/Cold | | AnyHot/Cold Beverage+ Beverage + Muffin @ Sandwich @ 515 %620 (Offer valid from 19°-21" November) DELIGHTF
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Slide 25: Q3 Net New Stores
Q3 Net New Stores 4 AYODHYA AIRPORT CHATTARPUR METRO STATION MALL OF JAIPUR PALM ISLAND, JAMMU KARWR, GOA
Slide 26: Business Performance – Vaango India
Business Performance – Vaango India Revenue ADS and SSSG 54 90 94 54 94 Stores SSSG -3.0% 11.5% 9.6% 6.3% 8.1% 198 562 30 31 192 28 27 439 24 145 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Gross Margin Brand Contribution 79.3% 79.2% 79.0% 79.4% 79.6% 22.4% 20.4%
Slide 27: Vaango Marketing Campaigns
Vaango Marketing Campaigns 26
Slide 28: DIL International: Nigeria, Nepal, Thailand
DIL International Nigeria Nepal Thailand 40 Stores 29 Stores 305 Stores Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Exit Stores 65 364 374 65 374 Revenue from Operations (INR Mn) 479 3943 4300 1475 12141 ADS Nigeria (Naira ‘000) 898 1008 1064 819 1045 ADS Nepal (NPR ‘000) 140 111 129 138 122 ADS Thailan
Slide 29: Summary Financials
Summary Financials
Slide 30: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Million) Q3’FY24 Q2’ FY25 Q3’ FY25 FY23 FY24 Revenue from Operations 8,431 12,221 12,945 29,977 35,563 Other Income 46 48 91 326 323 Total Income 8,477 12,269 13,035 30,303 35,887 Raw Material Cost 2,478 3,747 4,052 8,986 10,566 Gross Profit 5,95
Slide 31: Q3 & 9M FY2025 Conference Call
Devyani International’s Q3 & 9M FY2025 Conference Call on Tuesday, February 11, 2025 at 2:30 PM IST Devyani International Limited (DIL), a multi-dimensional comprehensive QSR player in India, will host a conference call for investors and analysts on Tuesday, February 11, 2025 at 2:30 PM IST to discu
Slide 32: About Us
About Us Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operates more than 2,000 stores across more than 280 cities in India, Nigeria, Nepal and T
Slide 33: Thank You!
DEVYANI INTERNATIONAL LIMITED Thank You!
Devyani International — Q3 FY25 Earnings Presentation on 6ix