Devyani International Ltd (DIL), one of India’s largest quick service restaurant (QSR) operators, reported a net loss of ₹109.78 crore for the December quarter of FY26, widening from a loss of ₹76.46 crore in the same period last year.

Despite the higher loss, the company posted steady top-line growth, with revenue from operations rising 11.31% year-on-year to ₹1,440.9 crore. Total income, including other income, stood at ₹1,453.22 crore, up 11.48% compared to the year-ago quarter.

Total expenses during the quarter increased 11.71% to ₹1,446.5 crore. However, Devyani International said it saw broad-based improvement in margins, supported by operational efficiencies and performance across formats. Notably, its Biryani By Kilo business, acquired last year through Sky Gate Hospitality, achieved breakeven during the quarter.

Commenting on the performance, chairman Ravi Jaipuria said, “Our business continues to grow in a sustained manner. India operations grew 12.1% year-on-year, while consolidated revenues reached ₹1,441 crore. Our international business continues to gather strength from both an operations and profitability perspective.”

As of December 31, 2025, Devyani International operated 2,279 stores globally, including 1,877 in India and 402 overseas. During the quarter, the company added 95 net new stores, led by 54 KFC and 18 Pizza Hut outlets, while Biryani By Kilo added 13 locations.

The company has also initiated a focused turnaround strategy for Pizza Hut by rationalising loss-making stores and optimising capital expenditure. Separately, Devyani International’s board approved the acquisition of an additional 11.4% stake in Sky Gate Hospitality for ₹57.5 crore.

Long-stay coliving and hospitality brand Tribe Stays has announced an exclusive strategic partnership with CCI India – Chamber of Commerce and Industry, aimed at accelerating the company’s expansion across enterprise and institutional accommodation segments. The collaboration has been formalised through a Memorandum of Understanding (MoU), under which CCI India will act as Tribe Stays’ exclusive strategic partner for enterprise and institutional business.

As part of the alliance, CCI India will facilitate access to large corporates, national and international universities, institutional clients, expat housing programmes and multi-city accommodation mandates across India and select global markets. The partnership is designed to unlock high-impact opportunities across enterprise housing, workforce accommodation, student living, institutional residences and premium long-stay solutions for global professionals and organisations, with potential collaborations involving government bodies and public sector institutions where relevant.

CCI India will support Tribe Stays through strategic introductions, market intelligence, business development support and cross-border expansion opportunities. Together, both organisations aim to scale the Tribe Stays portfolio to over 10,000 beds over the next two years, with an initial focus on the Delhi NCR region, followed by expansion into other key states and strategic markets across India.

Commenting on the partnership, Munindra Kumar, Director General, CCI India, said, “Tribe Stays has built one of the most differentiated long-stay hospitality platforms in the country. Their product quality, brand positioning and operational maturity make them an ideal partner for enterprise and institutional programs. As a government body focused on enabling high-growth companies, CCI India will actively support Tribe in unlocking large-scale opportunities across corporate housing, universities, expat communities and global markets.”

Yogesh Mehra, CEO, Tribe Stays, added, “This partnership with CCI India is a strategic step in Tribe’s expansion journey. Our focus is on building a globally relevant long-stay platform across enterprise housing, student living and institutional accommodation. CCI’s mandate, network and deep institutional access will significantly accelerate our ability to scale across India and internationally.”

Structured as a long-term exclusive alliance, the collaboration reinforces Tribe Stays’ position in the premium long-stay hospitality segment, while strengthening CCI India’s role as a catalyst for scaling high-potential Indian enterprises.

Sheraton Hyderabad Hotel has announced the promotion of RaviTeja Yenumula to Director of Sales and Marketing, strengthening its commercial leadership as the hotel sharpens its growth strategy.

In his expanded role, Yenumula will oversee the hotel’s end-to-end commercial operations, focusing on driving revenue through innovative sales and marketing initiatives, strategic partnerships, and customer success programs.

With over 11 years of experience in the hospitality sector, Yenumula brings strong expertise across MICE, corporate, and airport hotel segments. He joined Sheraton Hyderabad in June 2024 as Director of Sales, where he played a key role in improving top-line performance through proactive sales initiatives, reservation optimisation, and data-led market analysis.

Prior to joining Marriott International, Yenumula served as Director of Sales at Accor between January 2023 and June 2024, during which he also completed Accor’s Global Leadership Programme in the Professional Leaders category. His career journey includes earlier stints with The Oberoi Group and multiple leadership roles within Accor, giving him a well-rounded perspective across premium hospitality brands.

Commenting on his promotion, Yenumula said, “I am excited to step into this role at Sheraton Hyderabad. I look forward to leveraging technology, customer insights and Marriott International’s advanced tools to strengthen commercial excellence and support informed decision-making across teams.”

Yenumula holds a bachelor’s degree in Electronics and Communications Engineering and began his professional journey as a software developer before transitioning into hospitality, a background that continues to shape his analytical and technology-driven approach to commercial leadership.