Devyani International IPO

GST 2.0 reforms may boost QSR demand as tax rates fall. Analysts see Jubilant FoodWorks, RBA, Devyani International, and Sapphire Foods gaining the most

The Yum Brands franchisee reported a net profit of ₹3.69 crore ($420,920.55) for the quarter ended June 30, compared with ₹30.106 crore a year earlier

Devyani sees cloud kitchens as new growth avenue, aims to turn Sky Gate profitable within a year and integrate its brands into food courts and kitchen network

(Reuters) -Devyani International, which operates KFC and Pizza Hut restaurants in India, posted a wider loss in the fourth quarter on Friday, as rising costs took a toll.

Quick service restaurant chain operator Devyani International Ltd on Thursday said it will acquire up to 80.72 per cent stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for Rs 419.6 crore. The acquisition includes three brands of Sky Gate -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. The company's board in its meeting approved acquisition of up to 80.72 per cent equity stake for Rs 419.6 crore, on fully diluted basis, in Sky Gate Hospitality Pvt Ltd along with its subsidiaries, Devyani International Ltd (DIL) said in a regulatory filing. In addition, the company will also pay contingent consideration as per the terms of the transaction documents, DIL said. DIL operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements. Sky Gate along with its subsidiaries owns brands Biryani By Kilo, Goila Butter Chicken and The Bhojan. It predominantly operates through a chain of over 100 outlets ...

Devyani International Ltd, which operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements, has announced its plan to acquire homegrown chain 'Biryani by Kilo'. The Jaipuria family-promoted Devyani International Ltd (DIL) will acquire a majority stake in Sky Gate Hospitality, which operates restaurants under the 'Biryani by Kilo' brand, along with other brands, according to a regulatory filing. Though it has not disclosed the number of shares or the acquisition price, the company stated that its board is scheduled to meet and approve the proposal on April 24. "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled on Thursday, April 24, 2025 inter-alia, to consider and approve the definitive agreements and issuance of equity shares of the company on a preferential basis to discharge the consideration payable for acquisition of controlling equity stake in Sky Gate Hospitality Private Limited, ...

Outlook on Jubilant Foodworks, Westlife Foodworld and other 3 restaurant stocks: Technical charts suggest these 3 can gain up to 26% from here one, while the other 2 could extend the fall.

Shares of Restaurant Brands Asia, Westlife Foodworld, Sapphire Foods India, Jubilant Foodworks and Devyani International can rally up to 15% from present levels, suggest technical charts.

The overall market trend has been negative with over 60% of the Nifty Mid- and Small-Cap stocks now trading below the long-term moving averages; however, these 5 stocks continue to buck the trend.

Store count for Devyani, which runs KFC, Pizza Hut and Costa Coffee stores in India, rose to 1,557 restaurants in the country from 1,298 last year

The northward movement in the stock price came on the news of block deals involving 42,46,671 shares of the company, worth nearly Rs 79.34 crore

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Quick service restaurant operator Devyani International Ltd on Tuesday reported a consolidated net loss of Rs 48.95 crore in the fourth quarter ended March 31, 2024, 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 fourth quarter of the previous fiscal, Devyani International said in a regulatory filing. 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, it added. Total expenses were higher at Rs 1,057.32 crore as compared to Rs 724.77 crore in the year-ago quarter, it added. During the quarter ended March 31, 2024, and the year ended March 31, 2024, due to significant devaluation of the Nigerian currency, the Nigerian subsidiary of the group has recognised Rs 42.37 crore and Rs 89.7 crore devaluation impact on account of translation loss of USD denominated liabilities

"Consumer sentiment remains subdued, despite Q3 traditionally being a strong and festive quarter," Chairman Ravi Kant Jaipuria said in a statement. This, coupled with total expenses jumping nearly 16%

Indian QSR chain expands international presence by buying firm that runs KFC outlets in Thailand

India's Devyani International said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in deal a worth $128.9 million, expected to be completed by March 2024.

Revenue from operations surged 28% to 7.55 billion rupees as it opened 66 new stores. However, revenue slipped around 5% from the previous quarter

At 09:15 am, around 28.95 million equity shares representing 2.4 per cent of the total equity of the company changed hands on the BSE, the exchange data shows.

The strong store additions coupled with early signs of demand revival supported growth during the quarter.

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said