New Delhi, Aug. 20 -- Devyani International Ltd investors are losing patience and appetite as the KFC and Pizza Hut operator scrambles to find growth levers. The QSR segment has been under stress lately due to subdued demand and competition from food delivery platforms. But for Devyani, two crucial metrics-average daily sales (ADS) and same-store sales growth (SSSG)-signal a weary road to earnings revival.

For KFC, ADS declined by 5.8% year-on-year in the June quarter (Q1FY26) to Rs.98,000 due to weak consumer demand and the auspicious Shravan month. KFC ADS is around 15-20% below the peaks of FY19 and FY23. The company aims to lift KFC ADS to Rs.100,000 in FY26, aided by value menus and promotions, and by balancing dine-in recovery with...