Devyani's domestic portfolio, comprising Biryani By Kilo and Vaango, improved its brand contribution margin from 0.6% to 9.4% year-over-year. Biryani By Kilo spearheaded this performance by achieving an 8.1% rise in same-store sales alongside ₹72,000 in average daily sales. Meanwhile, Vaango posted a 6.9% same-store sales growth, helping the combined homegrown footprint expand by seven net new stores. Although KFC remains the firm's core growth engine, these Indian concepts are steadily progressing toward sustained profitability.
Key points
Expanding domestic brand margins helps Devyani diversify its long-term financial base awa…: Expanding domestic brand margins helps Devyani diversify its long-term financial base away from global fast-food franchises.
Improving same-store sales across both Indian brands indicates strong customer alignment…: Improving same-store sales across both Indian brands indicates strong customer alignment with localized dining menus.
Narrowing overall corporate losses shows that internal brand turnarounds are beginning to…: Narrowing overall corporate losses shows that internal brand turnarounds are beginning to enhance group-level performance.
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The company’s own-brand portfolio, which includes Biryani By Kilo and Vaango, reported revenue of ₹121.1 crore in the second quarter of FY27, compared with ₹97.8 crore in the year-earlier period.
The portfolio’s brand contribution margin also improved sharply to 9.4% from 0.6% a year ago, according to a company filing.
Biryani By Kilo was the stronger performer. Its same-store sales grew 8.1% during the quarter, while average daily sales stood at ₹72,000. The brand added six net new stores during the period.
Vaango reported same-store sales growth of 6.9%, with average daily sales of ₹24,000. Together, the two brands added seven net stores in the quarter.
Meanwhile, the company said its consolidated net loss narrowed to ₹24 lakh, compared with a loss of ₹21.89 crore a year ago.
The improvement comes as Devyani looks to build a broader portfolio of brands suited to Indian food preferences. KFC remains the company’s main growth driver, but the stronger performance of its homegrown concepts could gradually reduce its dependence on international franchises.
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