5433302025-10-012025-12-315433302025-04-012025-12-315433302025-10-012025-12-31in-capmkt:OtherExpenses1Member5433302025-10-012025-12-31in-capmkt:OtherExpenses2Member5433302025-10-012025-12-31in-capmkt:OtherExpenses3Member5433302025-04-012025-12-31in-capmkt:OtherExpenses1Member5433302025-04-012025-12-31in-capmkt:OtherExpenses2Member5433302025-04-012025-12-31in-capmkt:OtherExpenses3Member5433302025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15433302025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15433302025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss15433302025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares543330DEVYANINOTLISTEDINE872J01023Devyani International LimitedMain BoardEquity2025-04-012026-03-312026-02-042026-02-01INRMillionsQuarterlyThird quarterSingle segmentFood and Beverages2026-02-0411:00:002026-02-0411:55:00Not applicable2025-10-012025-12-31UnauditedConsolidated144089700001232600001453223000044678800001290000002174910000700230000166646000054426100001446499000067240000-215030000-147790000-12730000-36450000-491800000-98610000-99100000-9910000-1260000-109780000254380000144600000-103889000-58900002418000012042000012328700001-0.07-0.07-0.01-0.01-0.08-0.08Notes to unaudited consolidated and standalone financial results for quarter and nine months period ended 31 December 2025 <BR> 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. <BR> <BR> 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. <BR> <BR> 3 Exceptional items: <BR> <BR> (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. <BR> <BR> (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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> <BR> 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. <BR> 6 The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. <BR> <BR> 2025-04-012025-12-31UnauditedConsolidated4174617000030966000042055830000132068300002978000006202730000205637000047150200001601291000042223640000-167810000-215030000-38284000081800000-177820000-960200000-286820000-355000000-35500000-4640000-326960000860390000533430000-285882000-4108000015763700037579000012328700001-0.2-0.2-0.03-0.03-0.23-0.23(Reversal)/provision for impairment (net)-10860000Foreign exchange (gain)/loss (net)-32650000Other expenses5486120000(Reversal)/provision for impairment (net)40280000Foreign exchange (gain)/loss (net)-75340000Other expenses16047970000Remeasurements of defined benefit plans91300009130000Remeasurements of defined benefit plans-5300000-53000002130000-1590000Exchange differences on translation of foreign operations247380000247380000Exchange differences on translation of foreign operations86410000086410000000254380000860390000