Part of RJ Corp
Devyani International
Latest, :
What it means
Devyani International's scale now pays for itself: room for new restaurants and value menus.
Reported: Net profit ₹14.6 cr, up from ₹3.7 cr a year earlier, on revenue +16.5% in Q1 FY27.
Watch: Q2 FY27 results, expected late Oct — revenue growth below Q1's 16.5%.
Before its next results, expected late Oct:Before then:
- Affected
- Rival chains and cloud kitchens — facing a better-funded Devyani InternationalDo now: By late Oct: defend your strongest catchments: it has profit to spend where it competes with you.
- Food and packaging suppliers across its 2,255 restaurants () — a stronger buyer at the tableDo now: By late Oct: expect firmer terms from it; lock volumes and prices.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
All 60 stories on Devyani InternationalIndia store openings tracker →
Background
From 8 stories, the newest dated 27 Aug 2026. Summary written 3 Oct 2026.
Devyani International is an Indian quick-service restaurant franchise operator.
Show 3 more paragraphs and 8 sources
It is merging with Sapphire Foods India to consolidate KFC and Pizza Hut operations under a unified Yum! India franchise.[1] source: Financial Express Its shares rose over 3% to ₹154.10 on 27 August 2026 after the revised merger scheme was approved.[2] source: The Hindu BusinessLine
In August 2026 Devyani International and Sapphire Foods India revised their merger scheme after a planned secondary share sale was terminated.[3] source: Business Standard SFML was to sell about 18.5% of Sapphire Foods India's fully paid-up share capital to Arctic International.[4] source: Business Standard The agreed share swap is unchanged, with Devyani issuing 177 shares for every 100 Sapphire Foods India shares.[4] source: Business Standard The board approved the amended scheme on August 26, and the original scheme was approved on January 1, 2026.[5] source: NDTV Profit Promoter holding in the merged entity is now 41.99%, versus 61.37% earlier.[5] source: NDTV Profit
Mint reported Devyani's Q1 net profit at ₹17.1 crore versus ₹2.2 crore a year earlier.[6] source: Mint ET Small Business reported that consolidated net profit rose nearly fourfold to ₹14.6 crore from ₹3.7 crore.[7] source: ET Small Business In August 2026 Macquarie named Devyani and Sapphire as its preferred QSR picks. It set a Devyani target price of Rs 190, raised from Rs 130, implying 27.5% upside from Rs 149.[8] source: NDTV Profit
Sources
More stories about Devyani International
- Devyani International to deploy Rs 1,000 cr pre-IPO, eyes 150-200 new stores per brand
- Devyani International hits 1,735 stores; KFC overtakes Pizza Hut as flagship brand
- Yum! takes minority stake in Devyani International; Rs 1,000 cr capex to double KFC, Pizza Hut footprint
- Devyani names Pradeep Das CEO of KFC India as Rajat Luthra exits to Third Wave Coffee
Stories that mention Devyani International
7 stories
Devyani International is named in these stories but is not their subject.
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- Costa Coffee India cuts 22 stores in FY26 as revenue rises 7%
- RJ Corp hires ex-Diageo executive Prathmesh Mishra for drinks expansion
- V-Mart, Marico, Devyani among 80+ firms reporting Q1FY25 earnings on Aug 5
- KFC India sells 61 South India outlets to Devyani International, deepening Yum!'s asset-light pivot
- Costa Coffee taps PVR Inox multiplexes to widen India premium footprint
- ITC Hotels, Devyani, VIP, Arvind among 145 firms posting Q4FY26 results today