Stocks
KFC, Pizza Hut operator Devyani soars 10% after Q3 results
Mumbai/IBNS: Shares of Devyani International, the operator of several quick service restaurant (QSR) brands, surged nearly 10 per cent on Wednesday following the announcement of its Q3 FY2025–26 results, media reports said.
The company, which operates popular brands such as KFC, Pizza Hut and Costa Coffee, reported a wider net loss of Rs 10.3 crore for the December quarter, compared with a loss of Rs 0.5 crore in the corresponding quarter of the previous financial year.
Despite the higher loss, investor sentiment was buoyed by strong revenue growth.
The company’s revenue rose 11.3 per cent year-on-year to Rs 1,441 crore during the quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) also improved, increasing 8.3 per cent year-on-year to Rs 231 crore, up from Rs 213.3 crore in the year-ago period.
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