Devyani International (DIL) consolidated net profit surged 28.6 per cent to Rs 58.76 crore on a 44.8 per cent jump in revenue from operations to Rs 747.43 crore in the second quarter of FY23 over the second quarter of FY22.

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The PBT stood at Rs 70.05 crore in Q2FY23, registering a growth of 46.36 per cent from Rs 47.86 crore posted in the second quarter of FY22. The company reported an exceptional item of Rs 11.29 crore in the second quarter of FY23.

EBITDA improved by 34.23 per cent to Rs 165.5 crore in the second quarter of FY23 from Rs 123.3 crore in the second quarter of FY22. EBITDA margin stood at 22.1 per cent in the second quarter of FY23 compared to 23.9 per cent reported in Q2FY22.

The network continues to expand across metro and non-metro cities. Until the end of the second quarter, a total of 1,096 stores have been opened, and recently 88 new stores are also opened.

During the second quarter of FY23, the core brand portfolio was reported. KFC revenue grew by 47 per cent yearly to Rs 443 crore, while Pizza Hut expanded by 36 per cent yearly to Rs 1,81.2 crore.

Same-store sales growth (SSSG) of KFC was 13 per cent, and Pizza Hut was 3 per cent. Brand contribution at KFC and Pizza Hut stood at 21.5 per cent and 17 per cent, respectively.

On BSE, Devyani International declined 1.44 per cent to Rs 184.70.