Integrated Filing — IndAS



General information about company

Scrip Code 543330
NSE Symbol DEVYANI
MSEI Symbol NOTLISTED
ISIN INE872J01023
Name of company Devyani International Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 04-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 01-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Food and Beverages
Start date and time of board meeting 04-02-2026   11:00:00
End date and time of board meeting 04-02-2026   11:55:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,44,089.70 4,17,461.70
Other income 1,232.60 3,096.60
Total income 1,45,322.30 4,20,558.30
2 Expenses
(a) Cost of materials consumed 44,678.80 1,32,068.30
(b) Purchases of stock-in-trade 129.00 297.80
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 21,749.10 62,027.30
(e) Finance costs 7,002.30 20,563.70
(f) Depreciation, depletion and amortisation expense 16,664.60 47,150.20
(f) Other Expenses
1 (Reversal)/provision for impairment (net) (108.60) 402.80
2 Foreign exchange (gain)/loss (net) (326.50) (753.40)
3 Other expenses 54,861.20 1,60,479.70
Total other expenses 54,426.10 1,60,129.10
Total expenses 1,44,649.90 4,22,236.40
3 Total profit before exceptional items and tax 672.40 (1,678.10)
4 Exceptional items (2,150.30) (2,150.30)
5 Total profit before tax (1,477.90) (3,828.40)
6 Tax expense
7 Current tax (127.30) 818.00
8 Deferred tax (364.50) (1,778.20)
9 Total tax expenses (491.80) (960.20)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (986.10) (2,868.20)
12 Profit (loss) from discontinued operations before tax (99.10) (355.00)
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax (99.10) (355.00)
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (12.60) (46.40)
16 Total profit (loss) for period (1,097.80) (3,269.60)
17 Other comprehensive income net of taxes 2,543.80 8,603.90
18 Total Comprehensive Income for the period 1,446.00 5,334.30
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (1,038.89) (2,858.82)
Total profit or loss, attributable to non-controlling interests (58.90) (410.80)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 241.80 1,576.37
Total comprehensive income for the period attributable to owners of parent non-controlling interests 1,204.20 3,757.90
21 Details of equity share capital
Paid-up equity share capital 12,328.70 12,328.70
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.07 -0.2
Diluted earnings (loss) per share from continuing operations -0.07 -0.2
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -0.01 -0.03
Diluted earnings (loss) per share from discontinued operations -0.01 -0.03
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.08 -0.23
Diluted earnings (loss) per share from continuing and discontinued operations -0.08 -0.23
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to unaudited consolidated and standalone financial results for quarter and nine months period ended 31 December 2025 1 In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these consolidated and standalone financial results (financial results) for the quarter and nine months ended 31 December 2025 have been reviewed and recommended for approval by the Audit, Risk Management and Ethics Committee and accordingly have been approved by the Board of Directors of Devyani International Limited (DIL or the Company) at their respective meetings held on 04 Feburary 2026. The joint statutory auditors have conducted limited review of the financial results. 2 These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013 (read with SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016) and other recognised accounting practices and policies. 3 Exceptional items: (i) On 21 November 2025, the Government notified certain provisions of the Labour Codes, including a uniform definition of wages. Based on the actuarial valuation as at 31 December 2025, the Group and the Company have recognised an increase in post-employment defined benefit obligations (past service) and other long-term employee benefit obligations (compensated absences) of INR 122.13 million and INR 115.72 million respectively, arising from this legislative change. As this is a material, non-recurring impact of enactment, the related expense has been presented as Exceptional items in the Unaudited Consolidated and Standalone results for the quarter and nine months ended 31 December 2025. (ii) Resolution proceedings relating to a lease dispute were concluded during the quarter without any results. To ensure continuity of operations, the Group paid INR 92.90 million under protest. As this payment is material and has resulted from unusual incidence, it has been presented as Exceptional items in the Unaudited Consolidated and Standalone results for the quarter and nine months ended 31 December 2025. 4 Subsequent to the quarter end, the Board approved a Scheme of Arrangement under Sections 230–232 of the Companies Act, 2013, for the amalgamation of Sapphire Foods India Limited with the Company, effective 01 April 2026. Under the Scheme, the Company will issue 177 equity shares of Re. 1 each for every 100 equity shares of Rs. 2 each held in Sapphire Foods India Limited. 5 On 10 June 2025, the Company acquired an 80.72% equity stake (on a fully diluted basis) in Sky Gate Hospitality Private Limited (“Sky Gate”), excluding the business of Krazy Kebab Co. and its investment in Peanutbutter and Jelly Private Limited (“Peanutbutter”), for an aggregate consideration of approximately INR 4,196 million, through a preferential issue of equity shares. Accordingly, Sky Gate and its subsidiaries became subsidiaries of the Company with effect from 10 June 2025. The acquisition has been accounted for using the acquisition method under Ind AS 103 based on provisional values of assets and liabilities acquired. Subsequently, the Company increased its equity stake in Sky Gate to ~86.13% on a fully diluted basis. Further, on 04 February 2026, the Board of Directors have approved the acquisition of remaining equity stake in Sky Gate from its Founders for a total consideration of ~ INR 575 million. Upon completion of the acquisition, Sky Gate will become a wholly-owned subsidiary of the Company. The businesses under Krazy Kebab Co. and Peanutbutter were held for sale and, accordingly, their financial performance has been presented as discontinued operations in the consolidated financial results for the period ended 31 December 2025. During the quarter, Sky Gate executed a Share Purchase Agreement with Heritage Foods Limited for sale of its entire 51% equity stake in Peanutbutter. Upon completion of the transaction in January 2026, Peanutbutter ceased to be a subsidiary of Sky Gate and a step-down subsidiary of the Company. During the quarter, Sky Gate executed a Share Purchase Agreement with Heritage Foods Limited for sale of its entire 51% equity stake held in Peanutbutter. Following the completion of the transaction in January 2026, Peanutbutter has ceased to be a subsidiary of Sky Gate and a step-down subsidiary of the Company. 6 The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of defined benefit plans 91.30 (53.00)
Total Amount of items that will not be reclassified to profit and loss 91.30 (53.00)
2 Income tax relating to items that will not be reclassified to profit or loss 21.30 (15.90)
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations 2,473.80 8,641.00
Total Amount of items that will be reclassified to profit and loss 2,473.80 8,641.00
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 2,543.80 8,603.90