Devyani International Ltd Q4 Results 2026 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated May 14, 2026 3 min read

Devyani International faces a pivotal quarter as it integrates new leadership and navigates the evolving consumption landscape across its expansive QSR portfolio. Investors will be looking for updates on the Sapphire Foods merger synergy timeline and the effectiveness of the new online-offline branding strategy in sustaining KFC's recent positive same-store sales growth.

Quick Details

Results date	May 15, 2026
Quarter	Q4
Previous quarter revenue	Rs. 1,441 Cr
Previous quarter PAT	Not disclosed
Previous quarter EBITDA margin	15.7%
Market cap	Rs. 14,573.34 Cr
CMP	Rs. 118.2

Devyani International Ltd Q4 Results Date and Time

The board meeting is scheduled for May 15, 2026, to consider and approve audited financial results for Q4 and FY2026 ended March 31, 2026.

What to expect from Devyani International Ltd's Q4 FY26 results

In its most recently reported quarter, Devyani International posted revenue of Rs. 1,441 Crore and an EBITDA margin of 15.7%. Following a period of aggressive expansion, management reported that KFC India achieved positive same-store sales growth in January 2026, marking a turnaround after ten quarters of pressure. The company successfully reached brand EBITDA breakeven for Biryani by Kilo in December 2025, outperforming its original March 2026 target. Management continues to monitor input cost inflation in key commodities like chicken and palm oil, while balancing the impact of higher delivery expenses across the industry.

Key Things To Watch

Performance vs Guidance Tracking

KFC India store additions — 100-110/year — On track with 54 added in Q3
Pizza Hut NNU neutralization — CY2026 — On track with 0 NNUs planned
Biryani by Kilo breakeven — March 2026 — Achieved December 2025 ahead of guidance
Thailand store additions — ~20-21/year — On track

Strategic execution and M&A

Sapphire Foods merger timeline and annual synergy estimates of Rs. 210 Crore to Rs. 225 Crore
KFC Thailand investment of THB 1,210 Million with expected completion by June 30, 2026
Tealive expansion roadmap following the initial 6-outlet test launch

Operating metric trajectory

KFC India SSSG recovery status following positive momentum in January 2026
Pizza Hut India turnaround progress under new leadership and rationalized store count
International segment optimization, specifically Thailand debt repayment and Nepal recovery

Risks and headwinds to monitor

Input cost inflation in chicken, flour, and palm oil impacting profitability
GST on rent applicability resulting in higher rental costs without input credit
Income tax demand order of Rs. 59.52 Million received by Sky Gate Hospitality

Frequently Asked Questions

When will Devyani International announce Q4 FY 2025-2026 results?

Devyani International is scheduled to announce its Q4 FY 2025-2026 results on May 15, 2026.

What was Devyani International's revenue in its previous quarter?

Devyani International reported consolidated revenue of Rs. 1,441 Crore for the quarter ended December 2025.

When does Devyani International expect Thailand operations to generate free cash flow?

Management noted that while Thailand operations are cash flow positive, debt repayment remains the priority before free cash flow generation. The company is currently conducting a market study with Yum to assess future potential.

Is Devyani International on track with its Biryani by Kilo breakeven guidance?

Yes, the company achieved breakeven brand EBITDA for Biryani by Kilo in December 2025, which was ahead of its March 2026 target.

What is the status of Pizza Hut store additions for 2026?

The company is following a strategy of net new unit neutralization for calendar year 2026, meaning no net new stores are planned beyond replacing closures.