Devyani International Limited

15D CHG

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Devyani International Limited

Krishan Varma Follow 26 Apr, 2022

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Early Entry Advantage
High-Growth Potential
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Summary

Quarterly Analysis

Q3FY23 Quarterly Earnings

Strong momentum

81 net in new store stores addition in

239 NNUs YTD vs Q 192

1,1773 NNUs in 2 X PY store same count by period

March 23 vs March 20 system stores Revenue

performance at the end of the quarter

Revenue Performance

Q3 revenue from operations at Rs. 7,906 million - QOQ 6% growth ; YOY 27% growth

Steady performance from Core Brands

KFC ADS at 116K ; PH ADS at 43K ; Costa ADS at 37K

Inflation impact on margin

Q3 GM at 69.3%

YTD GM - 70% vs 71% in PY

YTD Brand contribution - 19.4% vs 19.9% in PY

Q3FY23 Snapshot

New Store Openings

Core Brands and India - Regional Split

Business Performance

Financial Performance

Operating Margin

Profitability

Business Overview

The company growing footprint strengthened brand accessibility in their existing markets and also took them closer to aspirational customers in small towns and emerging cities. The company added 100 new stores to reach 364 stores at the year-end. The roll-out of these stores has increased brand density and facilitated faster delivery to customers.

Catering to evolving customer expectations
The company continued to execute their strategy of setting up delivery-focused omnichannel stores aligned with the structural customer demand shift towards delivery from dine-in. The consistent effort towards setting up delivery-focused stores and strengthening their customer-facing digital interface is reflected in the share of their off-premise2 sales increasing from 37% to 44% during the year.

Company's Presence