The KFC franchise operator in India, Devyani International, last week shared their Q4 and year end results.
The company announced a Q4 consolidated profit before exceptional items and tax fell to 43.9 million rupees. This is down from vs the 412.3m rupees the prior year – an 89% fall. The exceptional item was the acquisition of 283 KFCs in Thailand, which were purchased for 424 million rupees. The company have stated the performance is down to high inflation and costs. This profit outcome was despite the growing revenue – an 18% increase vs 2023.
Within the announcement Devyani also announced the progress on their Costa Coffee expansion. They opened 67 stores last year, 25 of which were in Q4 – this takes the Costa Coffee store count, for Devyani International, to 179.
Devyani International operates 1,782 stores – over half of these are KFC outlets, with a presence in India, Nepal, Nigeria and Thailand.
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