Devyani International shares gained 4% in early trade on July 29, after the quick-service restaurant (QSR) operator reported a strong set of earnings for the first quarter. At 12:03 PM, the stock was trading near its intraday high after investors cheered robust growth in profit, revenue, and operating performance.
The company posted a net profit of ₹14.6 crore for the quarter, sharply higher from ₹3.6 crore in the same period last year, reflecting a more than 305% year-on-year (YoY) increase. The strong bottom-line growth was supported by healthy sales growth and improved operating efficiency.
Revenue from operations rose 17% YoY to ₹1,581 crore, compared to ₹1,357 crore in the corresponding quarter of the previous fiscal, indicating continued demand across its restaurant portfolio.
Operating performance also improved significantly. EBITDA increased 23% YoY to ₹254 crore, up from ₹207 crore a year ago. The company's EBITDA margin expanded to 16% from 15.3%, highlighting better cost management and improved profitability.
The upbeat quarterly performance boosted investor sentiment, sending the stock higher during the session. As of 12:03 PM, Devyani International shares were trading in a range of ₹114.25–₹120.58, compared to the previous close of ₹113.72. The stock opened at ₹115.00 and recorded a trading volume of over 45.46 lakh shares.
Despite Wednesday's rally, the stock remains below its 52-week high of ₹191, while trading comfortably above its 52-week low of ₹91.55