DEVYANI2024-07-012024-09-30 DEVYANI2024-07-012024-09-30 DEVYANI2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member DEVYANI2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member DEVYANI2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member DEVYANI2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member DEVYANI2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member DEVYANI2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member DEVYANI2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543330 DEVYANI NOTLISTED Devyani International Limited Equity 2024-04-01 2025-03-31 2024-11-11 2024-10-22 INR Millions Half yearly 11:00:00 11:45:00 2024-11-11 2024-11-11 true Cash Flow Indirect Not applicable Single segment Food and Beverages 2024-07-01 2024-09-30 Unaudited Consolidated 12221560000.00 48370000.00 12269930000.00 3736250000.00 11100000.00 0.00 1834180000.00 653320000.00 1391230000.00 4682890000.00 12308970000.00 -39040000.00 0.00 -39040000.00 53560000.00 -43450000.00 10110000.00 0.00 -49150000.00 0.00 0.00 0.00 -60000.00 -49210000.00 910340000.00 861130000.00 170000.00 -49380000.00 890430000.00 -29300000.00 1206270000.00 1 0.00 0.00 0.00 0.00 0.00 0.00 Notes to consolidated and standalone financial results for quarter and six months period ended 30 September 2024 (INR in million, except for share data and if otherwise stated) 1 In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these standalone and consolidated financial results ( financial results ) for the quarter and six months period ended 30 September 2024 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 11 November 2024. 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 During the quarter ended 30 September 2024, the Company has allotted 1,70,000 equity shares of INR 1/- each (2,37,500 equity shares during quarter ended 30 June 2024) pursuant to exercise of options under the ‘Employees Stock Option Scheme 2021’ of the Company. 4 The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. 5 During the previous year, the Company and Camas, an affiliate of Temasek, invested AED 150.47 million (~ INR 3,407.85) and AED 145.53 million (~ INR 3,295.96) respectively, in Devyani International DMCC, Dubai (‘DID’) under the Investment Agreement dated 18 December 2023 in ratio of 51:49. On 17 January 2024 (acquisition date), DID acquired Restaurants Development Co. Ltd. (“RD”), operating chain of 283 KFC restaurants in Thailand, by way of acquiring controlling interest in RD and its related entities for the consideration of THB 4,681.99 million (~ INR 10,913.28) including payment of erstwhile shareholder’s loan, pursuant to the Share Purchase Agreement dated 18 December 2023. The said acquisition is being accounted using the acquisition method as per Ind AS 103 “Business Combinations’ based on provisional fair values of assets and liabilities acquired as determined by the management, resulting into a provisional goodwill of INR 3,782.43 on the acquisition date. During the current quarter, the management of the Group has finalised purchase price allocation and there are no impacts on the provisional amounts reported during the previous year. 6 During the previous year, consequent to the merger of Devyani Food Street Private Limited and Devyani Airport services (Mumbai) Private Limited (wholly owned subsidiaries) being effective from 18 August 2023, the Company had availed certain income tax benefits for the previous years amounting to INR 106.42 and had recognised deferred tax assets on temporary differences available with the wholly owned subsidiaries amounting to INR 131.29 during the year ended 31 March 2024. 7 During the current quarter, a company namely ‘Devyani PVR INOX Private Limited’ has been incorporated on 26 July 2024, inter alia to undertake the business relating to development and operation of food courts situated within shopping malls in India.The Company and PVR INOX Limited hold economic interest in the ratio of 51:49. 8 The previous period/year numbers have been regrouped/reclassified wherever necessary to conform to current period/year presentation. The impact of such reclassification/regrouping is not material to the financials results. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 24440570000.00 147500000.00 24588070000.00 7495040000.00 21480000.00 0.00 3516260000.00 1283200000.00 2713400000.00 9292470000.00 24321850000.00 266220000.00 0.00 266220000.00 189300000.00 -98230000.00 91070000.00 0.00 175150000.00 0.00 0.00 0.00 -60000.00 175090000.00 979930000.00 1155020000.00 301230000.00 -126140000.00 1189940000.00 -34920000.00 1206270000.00 1 0.25 0.25 0.00 0.00 0.25 0.25 Foreign exchange loss/(gain) (net) 30100000.00 Other expenses 4652730000.00 Provision/(reversal) of impairment of non-financial assets 60000.00 Foreign exchange loss/(gain) (net) 106140000.00 Other expenses 9186750000.00 Provision/(reversal) of impairment of non-financial assets -420000.00 2893290000.00 16148720000.00 104070000.00 282010000.00 4703980000.00 24471520000.00 0.00 0.00 40000.00 0.00 0.00 0.00 1383380000.00 1383380000.00 658950000.00 208630000.00 47961300000.00 1508830000.00 0.00 543600000.00 1889940000.00 388810000.00 0.00 397770000.00 3220120000.00 6780000.00 623830000.00 5359560000.00 53320860000.00 1206270000.00 10450250000.00 11656520000.00 14549810000.00 7165940000.00 0.00 20022800000.00 27188740000.00 639550000.00 0.00 0.00 9270000.00 27837560000.00 2334550000.00 4606160000.00 3356300000.00 10297010000.00 444810000.00 148890000.00 42780000.00 0.00 10933490000.00 0.00 0.00 38771050000.00 53320860000.00 1419610000.00 -201840000.00 -156620000.00 0.00 33710000.00 0.00 0.00 0.00 0.00 0.00 0.00 816790000.00 0.00 2713400000.00 -420000.00 0.00 0.00 0.00 0.00 16350000.00 0.00 79900000.00 -100600000.00 0.00 0.00 0.00 0.00 -40610000.00 60000.00 4419930000.00 4686150000.00 0.00 0.00 0.00 -45830000.00 0.00 4731980000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50000.00 16170000.00 2436140000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21240000.00 0.00 -187210000.00 0.00 -2585990000.00 0.00 0.00 9550000.00 0.00 0.00 0.00 0.00 0.00 143330000.00 349680000.00 0.00 1660530000.00 0.00 275390000.00 0.00 0.00 -2132720000.00 13270000.00 200250000.00 213520000.00 1676420000.00 1889940000.00 3620000.00 6430000.00 -913960000.00 -986360000.00