Devyani International (DIL), the master franchisee for popular brands like KFC, Pizza Hut, and Costa Coffee, is currently in the spotlight after reporting its financial results for Q2 FY2024, which ended in September. The company posted a net loss for the quarter.
Net Loss: Devyani International reported a net loss of ₹7.9 crore for Q2 FY24, compared to a net profit of ₹49.2 crore in the same period last year.
Revenue Growth: Despite the loss, the company’s revenue grew by 10% year-on-year to ₹855 crore, driven by the addition of new stores and continued expansion efforts.