Revenue from operations increased by 44% year-over-year to Rs 1,221.9 crore in the June’24 quarter.
Total expenses rose by 46% to Rs 621.6 crore in Q1 FY25 as compared with Q1 FY24, due to higher raw material cost (up 53% YoY), higher employee benefits expense (up 50% YoY) and higher other expenses (up 44% YoY).
While EBITDA improved by 29% to Rs 223.4 crore, EBITDA margin declined by 220 basis points to 18.3% in Q1 FY25 as compared with the same period last year.
Profit before tax in Q1 FY25 stood at Rs 30.5 crore, which is significantly higher as compared with the PBT of Rs 13 crore posted in Q1 FY24.
Devyani International said that it has opened 54 net new stores, taking the total store count to 1,836. It expects to open 250 – 275 new stores in FY25.
Ravi Jaipuri...
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