Devyani International Limited Overview
Pro stress-test →Devyani International Limited is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. The company develops, manages, and operates quick service restaurants and food courts in India, Nepal, Nigeria, Thailand, and internationally, operating outlets under KFC, Pizza Hut, Costa Coffee, Vaango and other brands.
Strategic Profile
Pro stress-test →The company operates 2,039 stores across India and international markets as of March 2025. A planned merger with Sapphire Foods aims to enhance efficiencies. Management plans a Pizza Hut reset focusing on shutting loss-making stores and technology upgrades.
Competitive Landscape
Pro stress-test →The company is part of RJ Corporation, a multinational conglomerate with successful ventures in beverages (Varun Beverages), QSR (KFC, Pizza Hut, Costa Coffee), and other sectors spanning over 14 countries. Primary competition comes from regional QSR operators and other international franchisees in India's growing fast-food sector.
Industry Context
Devyani International Limited operates in Quick Service Restaurants (QSR) / Food & Beverage Retail.
Key facts
Founded: 1991 · Headquarters: Gurugram, India · Revenue: ₹4,988 Cr · Market cap: ₹15,201 Cr