(20 second reading) Quick service restaurant operator Devyani International reported a consolidated net loss of Rs 48.95 crore in the Q42024, impacted by forex translation loss due to the devaluation of Nigerian currency.
The company had posted a consolidated net profit of Rs 59.88 crore in the Q4 23. Consolidated revenue from operations during the quarter under review stood at Rs 1,047.08 crore as against Rs 754.98 crore in the corresponding period a year ago. For the fiscal ended March 31, 2024, the consolidated net loss was at Rs 9.65 crore.
In FY24, consolidated revenue from operations was at Rs 3,556.32 crore as against Rs 2,997.72 crore in FY23. “In 2024 it opened 256 new stores, including 47 in the fourth quarter. As of March 31, our total store count has reached 1,782, including the 283 KFC stores we acquired in Thailand