Devyani International Ltd.,(DIL) one of India’s largest operators of chain quick-service restaurants known for its popular food brands like KFC and Pizza Hut , is on track to achieve its goal of reaching 2,000 stores. As of June 30, 2024, the food service operator has 1,836 stores across its diverse portfolio, which includes KFC, Pizza Hut, Costa Coffee, and Vaango.
In the second quarter of 2024, the food service brand added 54 new outlets, comprising 21 KFC, 3 Pizza Hut, and 30 Costa Coffee locations. The company’s international footprint also grew, with the total number of international stores reaching 363 after the addition of 10 new locations in the first quarter.
DIL’s operations extend beyond its core brands, encompassing various institutional businesses such as food courts and airport outlets. The company plans to focus on expanding these institutional ventures in the upcoming quarters.
Following its public listing in August 2021, DIL reported a net profit of Rs 22.43 crore for the quarter, a significant turnaround from the net loss of Rs 1.6 crore recorded in the same period the previous year.
In a strategic move to further diversify its portfolio, DIL has recently collaborated PVR INOX Food Court Ltd. in partnership with multiplex operator PVR Inox, which holds a 51% stake in the new entity. The venture will operate food courts under the brand name Treat Junction, located in shopping malls across India
