Devyani International share price today

Devyani International Ltd's share price was ₹118.68 at the close on 4 November 2026. It has been rising for 7 weeks. That is 7.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹96 and ₹148, and at that close it sat 43% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Devyani International Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 5.2 years the share price moved +0% while the NIFTY 500 moved +55%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), highest quarterly revenue in 15 quarters and highest quarterly profit in 8 quarters.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹1,581 crore, +16.5% on a year earlier.

2. Highest quarterly revenue in 15 quarters

   Revenue of ₹1,581 crore in the June 2026 quarter is the highest of the last 15 quarters.

3. Highest quarterly profit in 8 quarters

   Profit of ₹17 crore in the June 2026 quarter is the highest of the last 8 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Devyani International reported revenue of ₹1,581 crore, up 16.5% from ₹1,357 crore a year earlier, and a profit of ₹17.0 crore, up 750.0% from ₹2.00 crore.

Devyani International results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Devyani International's management discussed these results on a call held on 29 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Devyani International closed at ₹118.68 on 4 November 2026, down 19.8% from ₹147.97 a year earlier (7 November 2025) and down 19.0% over five years. Its highest weekly close since August 2021 was ₹222.45 on 8 September 2023.

Devyani International share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

277 weekly closes from 20 August 2021 to 4 November 2026.

4 Nov 2026: Devyani International closed at ₹118.68, down 1.4% on the week and down 6.6% on the month. 29 Jul 2026: Devyani International held its results call for April to June 2026. Management guided: Sapphire merger completion planned by end FY27.

Earlier

• Results for April to June 2026: Revenue up 16.5% and profit up 750.0% on a year earlier.

Devyani International has paid no dividend on the NSE since its first NSE close in our records (20 August 2021), the start of the period we checked.

No. Devyani International Ltd paid out 0% of its profit as dividends in each of its last 11 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 July 2026, Devyani International's management guided: Sapphire merger completion planned by end FY27.

“Once we cross a threshold of 105,000 ADS to 110,000 ADS, we will be able to cross 20.0% brand contribution margins in KFC”Manish Dhawan, President and Group CEO, on the call for April to June 2026

What management guided

• New store openings to remain aligned with the existing plan during FY27; no numerical goal was restated on this call.
• KFC SSSG working trajectory of 5.0%-6.0%; reaching 105,000-110,000 ADS is expected to support more than 20.0% KFC brand contribution margin in roughly 1.5-2.0 years under the current context.
• KFC dining mix goal of 59.0%-60.0% rather than 65.0% in the near term.
• KFC future store formats are expected to accommodate the dining shift without incremental capital spending by using existing capacity.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 July 2026.

When Devyani International reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: KFC SSSG to sustain positive momentum and move toward the 5.0%-6.0% working trajectory; monitor whether ADS advances toward 105,000-110,000.

Devyani International is on one of our India lists: Small & mid cap stocks.

Devyani International Ltd earned ₹17.0 Cr of net profit in the Jun 2026 quarter, +750.0% on the same quarter a year earlier. The full FY26 year was a loss of ₹43.0 Cr. That is 1.1% of the quarter's revenue. The same quarter a year earlier earned ₹2.0 Cr. 7 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Devyani International Ltd reported ₹1,581 Cr of revenue in the Jun 2026 quarter, +16.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 18.7% a year on average. The last full year, FY26, came in at ₹5,611 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,836 Cr.

FY26 revenue was ₹5,611 Cr, +13.3% on the year before.

Recent pace: the last four quarters grew +14.8% on average, against 18.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.7%, against +21.8% a year over the last 8 quarters (rolling over).

Devyani International Ltd's operating margin was 16.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 11 years it has been between −0.1% and 23.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.9 percentage points on the year while gross margin changed +0.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 263% of Devyani International Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹927 Cr of operating cash against −₹43.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,739 Cr of spending on assets, free cash was −₹812 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 263% of profit came in as cash: the cash cycle got 11 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 3.0× depreciation over three years. The next section checks what that spending is building.

Devyani International Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −89 days in FY26, up from −100 days in FY21. It spent ₹4,905 Cr on assets over the last 3 years. Customers take 4 days to pay, and stock sits for 34 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,611 Cr, each day of that cycle ties up about ₹15.4 Cr, so roughly −₹1,368 Cr is tied up in the business at any time.

FY26: customers took 4 days to pay and stock sat for 34 days, about 1.1 months of sales sitting as stock, for a full cycle of −89 days, longer than FY21's −100.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 34 days. Customers pay about 4 days after that. Suppliers are paid at 127 days. Together that makes the −89-day cycle.

Spending on assets: ₹4,905 Cr over the last 3 years, against ₹1,653 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹8.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Devyani International Ltd's P/E is 1,430.0×, about the highest it has ever been. Its usual P/E (the middle reading) is 114.0×, over 3.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −487.5% while the price moved −19.8%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved −13.8% a year; about −56.4% a year came from earnings growth and about +42.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Devyani International Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 5.2%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Devyani International Ltd earned a ROCE of 5% in FY26. That is up from a low of −19% in FY17. Its return on capital used (ROIC) is 7.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a −0.8% net margin and 0.83× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a −0.8% net margin × 0.83× asset turnover × 4.38× leverage (assets divided by equity) ≈ −2.9% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 4.7% − 12.0% = −7.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Devyani International Ltd has total debt of ₹3,833 Cr against shareholder equity of ₹1,885 Cr as of Jun 2026, so its debt is 2.03× its equity. Year by year, that ratio went from 1.84 in FY22 to 2.03 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in Devyani International Ltd by 5.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 20.9% of the company. Foreign institutions moved −5.0 points over the same period, to 6.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +5.5 points over 8 quarters, to 20.9%; Foreign institutions: −5.0 points over 8 quarters, to 6.1%; Promoters: −1.4 points over 8 quarters, to 61.4%.

Why the owners changed: foreign institutions moved −5.0 points and domestic institutions +5.5 points over 8 quarters, while promoters moved −1.4 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Devyani International Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

40.6 out of 100, rank 7 of 8 in Quick Service Restaurant - QSR, with 61% of the evidence available.

Devyani International Ltd scores 40.6 out of 100 against the 8 companies it is compared with in Quick Service Restaurant - QSR, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 11.7 + 9.3 + 10 + 9.6 = 40.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Devyani International ranks 7 of 8 Quick Service Restaurant - QSR companies on the 4-Factor Sector Score, with 40.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Quick Service Restaurant - QSR, all 8 compared on one page.

Devyani International is the 2nd largest of 8 Quick Service Restaurant - QSR companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Jubilant Foodworks. Just below it: Westlife Foodworld, Restaurant Brands Asia, Sapphire Foods India, United Foodbrands and Speciality Restaurants.

Quick Service Restaurant - QSR companies close in size

1. Jubilant Foodworks Ltd ₹27,839 crore
2. Devyani International Ltd ₹14,845 crore
3. Westlife Foodworld Ltd ₹10,053 crore
4. Restaurant Brands Asia Ltd ₹6,714 crore
5. Sapphire Foods India Ltd ₹6,397 crore
6. United Foodbrands Ltd ₹2,484 crore
7. Speciality Restaurants Ltd ₹652 crore

All 8 Quick Service Restaurant - QSR companies, largest first

Companies close in size in other industries

438. Minda Corporation Ltd ₹15,121 crore · Auto Ancillaries - Diversified
439. Triveni Turbine Ltd ₹14,943 crore · Capital Goods - Gensets/Turbines
440. Devyani International Ltd ₹14,845 crore
441. Atul Ltd ₹14,805 crore · Dyes & Pigments
442. Vijaya Diagnostic Centre Ltd ₹14,805 crore · Diagnostics

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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