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Devyani International Ltd News

Costa Coffee posts 49% rise in revenue to Rs 152 cr in FY24, adds 67 stores

British coffee chain Costa Coffee reported a 49 per cent growth in revenue from operations to Rs 151.8 crore in India, Devyani International Ltd said in the annual report. Its gross profit stood at Rs 116.6 crore, up 45 per cent from the year-ago period, it said. Devyani International Ltd (DIL) is the master franchisee for Costa Coffee, which is owned by global beverage major Coca-Cola. The company added 67 new stores in India in 2023-24, taking its count to 179. "In FY24, revenue from operations stood at Rs 151.8 crore as against Rs 101.8 crore in the previous year, registering a growth of 49 per cent, driven by store expansion. Gross profit stood at Rs 116.6 crore as against Rs 80.4 crore in the previous year," it said. However, its average daily sales per store was down to Rs 32,710 in FY24. It was at Rs 35,085 a year before. "As the new stores stabilise and reach their maturity level, this performance is expected to improve," the company said. DIL is having rapid expansion o

Costa Coffee posts 49% rise in revenue to Rs 152 cr in FY24, adds 67 stores
Updated On : 12 Jun 2024 | 10:38 PM IST

Devyani International Q4: Net loss of Rs 48.95 cr, revenue at Rs 1,047 cr

Quick service restaurant operator Devyani International Ltd on Tuesday reported a consolidated net loss of Rs 48.95 crore in the fourth quarter ended March 31, 2024, impacted by forex translation loss due to the devaluation of Nigerian currency. The company had posted a consolidated net profit of Rs 59.88 crore in the fourth quarter of the previous fiscal, Devyani International said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,047.08 crore as against Rs 754.98 crore in the corresponding period a year ago, it added. Total expenses were higher at Rs 1,057.32 crore as compared to Rs 724.77 crore in the year-ago quarter, it added. During the quarter ended March 31, 2024, and the year ended March 31, 2024, due to significant devaluation of the Nigerian currency, the Nigerian subsidiary of the group has recognised Rs 42.37 crore and Rs 89.7 crore devaluation impact on account of translation loss of USD denominated liabilities

Devyani International Q4: Net loss of Rs 48.95 cr, revenue at Rs 1,047 cr
Updated On : 14 May 2024 | 2:25 PM IST

RJ Corp succession: Jaipuria's son gets food, daughter education and health

Both the RJ Corp companies, Varun Beverages (VBL) and Devyani International (DIL), are named after the founder Ravi Jaipuria children and are listed companies

RJ Corp succession: Jaipuria's son gets food, daughter education and health
Updated On : 23 Apr 2024 | 10:34 AM IST

KFC India operator Devyani posts slow Q3 revenue growth at 7%, costs spike

"Consumer sentiment remains subdued, despite Q3 traditionally being a strong and festive quarter," Chairman Ravi Kant Jaipuria said in a statement. This, coupled with total expenses jumping nearly 16%

KFC India operator Devyani posts slow Q3 revenue growth at 7%, costs spike
Updated On : 02 Feb 2024 | 2:27 PM IST