5433302026-01-012026-03-315433302026-03-315433302025-03-315433302025-04-012026-03-315433302026-01-012026-03-31in-capmkt:OtherExpenses1Member5433302026-01-012026-03-31in-capmkt:OtherExpenses2Member5433302026-01-012026-03-31in-capmkt:OtherExpenses3Member5433302025-04-012026-03-31in-capmkt:OtherExpenses1Member5433302025-04-012026-03-31in-capmkt:OtherExpenses2Member5433302025-04-012026-03-31in-capmkt:OtherExpenses3Member5433302026-03-31OtherNoncurrentFinancialAssetsDomain15433302026-03-31OtherNoncurrentAssetsDomain15433302026-03-31OtherNoncurrentAssetsDomain25433302026-03-31OtherCurrentFinancialAssetsDomain15433302026-03-31OtherCurrentAssetsDomain15433302026-03-31OtherNoncurrentFinancialLiabilitiesDomain15433302026-03-31OtherNoncurrentFinancialLiabilitiesDomain25433302026-03-31OtherNoncurrentLiabilitiesDomain15433302026-03-31OtherCurrentFinancialLiabilitiesDomain15433302026-03-31OtherCurrentFinancialLiabilitiesDomain25433302026-03-31OtherCurrentLiabilitiesDomain15433302026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15433302025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15433302026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15433302025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15433302026-01-012026-03-31AuditorDomain15433302026-01-012026-03-31AuditorDomain2iso4217:INRiso4217:INRxbrli:shares543330DEVYANINOTLISTEDINE872J01023Devyani International LimitedMain BoardEquity2025-04-012026-03-312026-05-152026-05-08INRMillionsQuarterlyFourth quarterSingle segmentFood and Beverages2026-05-1511:00:002026-05-1512:15:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated1436862000014146000014510080000446787000014750000020928500007009900001824790000558960000014690850000-1807700000-1807700004660000-52020000-473600000-13341000035500000035500000-480000-98390000-51820000-150210000-1004290002039000-102837000-4737300012329400001-0.11-0.110.030.03-0.08-0.08Notes to consolidated and standalone financial results for quarter and year ended 31 March 2026 <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 year ended 31 March 2026 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 15 May 2026. The joint statutory auditors have audited the annual financial results and issued an unmodified opinion thereon. <BR> 2. The figures for the quarters ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures for the full financial year and the unaudited year to date figures up to the end of third quarter of the respective financial years, which were subjected to a limited review by the joint statutory auditors. <BR> 3. 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> 4. 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 an exceptional item in these Consolidated and Standalone results respectively for the quarter ended 31 December 2025 and year ended 31 March 2026. <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 an exceptional item in these Consolidated and Standalone results for the quarter ended 31 December 2025 and year ended 31 March 2026. <BR> 5. During the quarter, the Board approved a Scheme of Arrangement (“the Scheme”) under Sections 230–232 of the Companies Act, 2013, for the amalgamation of Sapphire Foods India Limited with the Company, with effect from appointed date of 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. The Company is in the process of obtaining necessary regulatory and other approvals. <BR> 6. 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”), for an aggregate consideration of ~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 fair 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, during the quarter ended 31 March 2026, the Company acquired the remaining equity stake in Sky Gate from its Founders, consequent to which, Sky Gate has become a wholly-owned subsidiary of the Company. <BR> Sky Gate’s investment in Peanutbutter and Jelly Private Limited (“Peanutbutter”) and the business of Krazy Kebab Co. were held for sale. Accordingly, their financial performance has been presented as discontinued operations in the consolidated financial results, net of recoveries made. During the previous 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> In March 2026, the Board has approved a Scheme of Amalgamation ("the Scheme") under Sections 230–232 of the Companies Act, 2013, involving amalgamation of Sky Gate and its wholly owned subsidiaries, Blackvelvet Hospitality Private Limited and Say Chefs Eatery Private Limited with and into the Company, with effect from appointed date of 01 April 2025. The Company had filed the First Motion Application with the Hon’ble National Company Law Tribunal at Chandigarh Bench (‘NCLT’) on 31 March 2026.The matter was listed on 8 May 2026 before the Hon’ble NCLT and the order has been reserved. <BR> <BR> 7. The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. <BR> <BR> 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 have been accordingly considered and not material to the financial results. <BR> 2025-04-012026-03-31AuditedConsolidated5611479000045112000056565910000176747000004453000008295580000275736000065398100002160251000056914490000-348580000-215030000-56361000086460000-229840000-1433800000-420230000000-5120000-425350000808570000383220000-386311000-3903900054800000328420000123294000010-0.31-0.3100-0.31-0.31Provision/(reversal) for impairment loss (net)118100000Foreign exchange (gain)/loss (net)-26450000Other expenses5497950000Provision/(reversal) for impairment loss (net)158380000Foreign exchange (gain)/loss (net)-101790000Other expenses21545920000175809700007781000017961000068340500001195853000000245600000037370000167190000017092700000206106700005897547000016463600000640780000491250000035520000060924000061980400000679860000852426000000674997300001232940000141852800001541822000034338700001885209000078563300000002268440000030540730000940090000429360000023130000319333100005747610000221210000592934000061505500003885170000157833300006726900002494100008900000016714330000004864764000067499730000Other non-current financial assets1671900000Income tax assets (net)66480000Other non-current assets20544190000Other financial assets609240000Other current assets679860000Other financial liabilities117160000Lease liabilities22567240000Other non-current liabilities23130000Lease liabilities2160280000Other financial liabilities1724890000Other current liabilities6726900002757360000-89510000-2113000000000-1957600000144247000000065398100001583800000000-1940700000157070000243200000000-20216000009872470000930886000000011678000009192080000000000001818000004589590000000000000000000000307900000-18360000-4395360000001280300000000047459900001699850000403876000005227700000-512000000-18993600002897360000201420000309878000018137200004912500000Remeasurements of defined benefit plans2039000020390000Remeasurements of defined benefit plans150900001509000032400001650000Exchange differences on translation of foreign operations-68970000-68970000Exchange differences on translation of foreign operations79513000079513000000-51820000808570000AuditedtrueWalker Chandiok & Co LLPtrue2028-05-31O P Bagla & Co LLPtrue2028-03-31