Devyani International Ltd (DEVYANI) — shareholding pattern, promoter holding, financials and share price
About Devyani International Ltd (DEVYANI)
Devyani International Ltd operates in the Restaurants industry, within the Consumer Services sector. It trades on the NSE as DEVYANI and on the BSE under scrip code 543330. Its ISIN is INE872J01023.
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India. [1]
Devyani International Limited is one of India’s largest quick-service-restaurant (QSR) operators, developing, managing and operating a portfolio of global franchise brands (KFC, Pizza Hut, Costa Coffee) and owned concepts (Vaango, Biryani By Kilo, Goila Butter Chicken) across India and international markets, with a network of 2,279 stores as of December 31, 2025.
Operational momentum shows meaningful growth: consolidated Q3 FY26 revenues were INR 1,441 crore, up 11.3% year-on-year, with consolidated reported EBITDA margin at 15.7% and operating EBITDA (pre-Ind AS) improving sequentially to 8.6%, driven by India growth, international margin improvement and the early turnaround of the Sky Gate (BBK/Goila) portfolio.
Listed peers in Restaurants: Travel Food Services Ltd, Westlife Foodworld Ltd, Sapphire Foods India Ltd, Restaurant Brands Asia Ltd, United Foodbrands Ltd, Spice Lounge Food Works Ltd.
Valuation & Returns
10 Jul 2026At ₹112.5 a share on 10 Jul 2026, Devyani International Ltd (DEVYANI) was valued at a price-to-book of 12.67x on a book value of ₹8.88 per share as of Mar 2025. Solomo computes return on equity of -3.89% and return on capital employed of 5.11% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- Industry P/E
- 38.95x
- P/B
- 12.67x
- EPS (TTM)
- ₹-0.35
- Book value / share
- ₹8.88
- ROE
- -3.89%
- ROCE
- 5.11%
- ROA
- -0.8%
- Debt / equity
- 2.91x
- Dividend yield
- 0%
- EBITDA margin
- 15.55%
- 52-week range
- ₹91.57 – ₹191.2
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Devyani International Ltd (DEVYANI) reported revenue of ₹5,611 crore, net profit of ₹-43 crore and earnings per share of ₹-0.31. That compares with revenue of ₹4,951 crore and net profit of ₹-7 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,436.86 crore and net profit ₹-9.84 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 2,084 | 2,998 | 3,556 | 4,951 | 5,611 |
| Net profit (₹ cr) | 155 | 263 | -10 | -7 | -43 |
| EPS (₹) | 1.3 | 2.2 | 0.39 | 0.08 | -0.31 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 19.29% | 26.70% | 33.43% | 39.22% |
| Profit growth | - | - | - | 28.50% |
| Stock price CAGR | - | - | -17% | -36% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 61.36% of Devyani International Ltd (DEVYANI) (unchanged from the previous quarter), foreign institutional investors (FII) hold 6.81% and domestic institutional investors (DII) hold 18.85%. Market capitalisation was ₹13,871 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2021.
Largest disclosed public shareholders in Jun 2026: NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIF 7.06%, DUNEARN INVESTMENTS (MAURITIUS) PTE LTD 2.87%, KOTAK SMALL CAP FUND 1.53%, HSBC MUTUAL FUND - HSBC SMALL CAP FUND 1.42%, HDFC MUTUAL FUND - HDFC CONSUMPTION FUND 1.38%, BAJAJ LIFE INSURANCE LIMITED 1.19%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 61.36% | - | 6.81% | 18.85% | 38.64% |
| Mar 2026 | 61.36% | - | 6.13% | 19.33% | 38.64% |
| Dec 2025 | 61.37% | - | 5.77% | 19.44% | 38.63% |
| Sep 2025 | 61.42% | - | 6.55% | 19.76% | 38.58% |
| Jun 2025 | 62.62% | - | 9.42% | 18.08% | 37.38% |
| Mar 2025 | 62.72% | - | 10.46% | 16.87% | 37.28% |
| Dec 2024 | 62.72% | - | 11.17% | 15.46% | 37.28% |
| Sep 2024 | 62.72% | - | 11.17% | 15.38% | 37.28% |