Industry Revenues:

• Quick Service Restaurants (QSR): approx. 70%
• Cafés: approx. 20%
• Other Gastronomy: approx. 10%

TOP 3 Markets:

• India: approx. 65%
• Nepal: approx. 15%
• Nigeria: approx. 10%

Devyani International Limited is a significant player in the quick service restaurants sector, particularly through its franchise partnerships with global brands like KFC, Pizza Hut, and Costa Coffee. The majority of revenues come from the QSR segment, which is particularly strong in India.

India remains the largest market for Devyani International, followed by Nepal and Nigeria, which also make significant contributions to revenue. These markets offer growth potential due to increasing demand for international gastronomy concepts.

Production Sites: India (various locations)

Devyani International Limited is a leading company in the fast-food industry in India. It operates franchise outlets for well-known brands such as KFC, Pizza Hut, and Costa Coffee. The production of the products mainly takes place in India, where the company utilizes a variety of locations to efficiently serve the demand in different regions.

This strategic placement enables Devyani International to optimize logistics and operational costs while ensuring the freshness and quality of the products. The exact locations of the production facilities are typically near major urban centers to facilitate distribution to the various branches.

Revenue Growth: 18% (estimated for 2026)

Expansion Strategy: Opening 250 new stores annually (2024-2026)

Devyani International Limited is pursuing an aggressive expansion strategy to secure its future growth. The company plans to open approximately 250 new stores annually, especially in emerging markets and cities with high growth potential.

Another focus is on diversifying the brand portfolio. Devyani International is investing in introducing new brands and concepts to meet changing consumer preferences and strengthen market presence.

Additionally, the company is focusing on digitization and optimizing supply chains to increase efficiency and enhance customer satisfaction. This includes investments in technology and infrastructure to improve online ordering options and delivery speed.

Main raw materials: Food ingredients, packaging materials

Countries of origin: USA, China, Malaysia, Australia

Devyani International Limited mainly imports food ingredients and packaging materials necessary for the operation of its restaurant chains. These materials include special spices, sauces, and other ingredients used in the various international brands operated by the company.

The USA is a significant supplier of high-quality food ingredients, especially for brands specializing in American cuisine. China and Malaysia often supply packaging materials and certain food components used in Asian cuisine. Australia is also an important partner for certain agricultural products.

The selection of supplier countries is based on the availability, quality, and cost of raw materials to ensure operational efficiency and the quality of the products offered.

Market share in India: 5% (estimated, 2026)
EBITDA margin: 20% (2025)
Number of stores: 1,200 (2025)

Devyani International Limited has a significant competitive advantage due to its strong presence in the Indian market, especially in the quick-service restaurant sector. With an estimated market share of 5% and a wide network of 1,200 stores in 2025, the company is well positioned to benefit from the growing demand for fast food in India.

The EBITDA margin of 20% in 2025 indicates an efficient cost structure and strong operational performance, enabling the company to remain competitive. Furthermore, Devyani International benefits from strategic partnerships with global brands such as KFC, Pizza Hut, and Costa Coffee, enhancing brand awareness and customer loyalty.

Overall, Devyani International's competitive advantage is well supported by its market presence, operational efficiency, and strategic partnerships, keeping the company in a favorable position in the highly competitive Indian market.

Institutional Investor Share: approximately 30% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2026)

The institutional investor share in Devyani International Limited is estimated to be around 30%. This is typical for companies of this size and industry, as institutional investors often invest in high-growth companies.

Regarding insider transactions, there were no significant buys or sells in the last year that could indicate a change in the management's confidence in the company's future development. This suggests a stable assessment by the management regarding the company's future performance.

Market share of Devyani International Limited: 12% (2026, estimated)

Top competitors and their market shares:

1. Jubilant FoodWorks Limited: 25%
2. Westlife Development Limited: 18%
3. Burger King India: 15%
4. Barbeque Nation Hospitality: 10%
5. Speciality Restaurants Limited: 8%

Moat of Devyani International Limited:

Devyani International Limited has a significant moat through its franchise partnerships with global brands like KFC, Pizza Hut, and Costa Coffee. These partnerships provide the company with access to proven business models, brand recognition, and an established customer base. This enables Devyani to compete in a highly competitive market.

Compared to its competitors, Jubilant FoodWorks has a stronger moat due to its exclusive franchise with Domino's Pizza, which enjoys high brand recognition and customer loyalty in India. Westlife Development benefits from its partnership with McDonald's, which also represents a strong moat.

Burger King India and Barbeque Nation also have strong brands, but not the same market penetration as the market leaders. Speciality Restaurants Limited has a smaller moat as it focuses on a niche strategy with upscale restaurants.

Overall, Devyani International Limited has a significant, but not the strongest moat compared to its main competitors, who have an advantage through exclusive partnerships with globally leading fast-food brands.

Revenue Growth: 18.5% (2025) Profit Growth: 14.2% (2025) Market Share in India: 12% (2025)

Devyani International Limited has recorded a solid revenue growth of 18.5% in 2025 in recent years. This is an indication of strong operational performance and effective expansion of their brands in India and other markets. The company benefits from a growing middle class and increasing demand for fast food offerings in urban areas.

The company's profit increased by 14.2% in the same period, indicating improved cost efficiency and successful marketing strategies. Devyani International has also expanded its market share in India to 12%, strengthening its position as one of the leading operators of fast-food restaurants in the country.

The long-term growth prospects for Devyani International remain positive as the company continues to invest in new locations and expand its brand presence. Strategic partnerships with global brands and adaptation to local preferences provide additional growth opportunities.

Overall, the financial performance and market position indicate that Devyani International Limited could be a promising investment for long-term oriented investors.

Dividend yield: 0.8% (2026, estimated)
Dividend history: No regular payouts in recent years

Devyani International Limited has not paid regular dividends in the past. The company rather focuses on growth and expansion, which is typical for companies in the restaurant industry that often reinvest their profits to gain market share.

However, Devyani International's dividend policy could change in the future if the company achieves a more stable profit situation. Currently, investors should not rely on a consistent dividend yield, but rather on capital gains and the growth potential of the company.