KFC

Brokerages remain positive on Devyani International after the Board's approval of Sapphire Foods merger, citing scale benefits, cost synergies and stronger QSR economics

Merger with Sapphire Foods will create a unified Yum! India franchise, while Devyani's non-Yum brands and acquisitions are expected to support topline growth

Devyani International will absorb Sapphire Foods under a share-swap merger to create a single Yum! India franchisee for KFC and Pizza Hut

PL Capital's channel checks indicate that industry footfalls in the third quarter have not matched initial projections, with limited evidence of incremental spending benefits from tax changes.

Devyani International shares fell 3 per cent after the company reported muted second-quarter earnings for the second quarter

Popular fast-food chains have been struggling to grow their same-store sales in India, as they deal with stiff competition from local restaurants

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

The proposed merger of Yum! Brands' KFC and Pizza Hut franchises in India aim to counter weak sales

Devyani International Sky Gate Hospitality Acquisition: Devyani International share price gained 3 per cent on signing agreement to acquire additional stake in Sky Gate; check all details

(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.

Sapphire Foods reported revenue of ₹711 crore in Q4FY25, marking a 13 per cent year-on-year growth, driven by KFC India and Pizza Hut Sri Lanka

Jubilant has already flagged a 12.1% increase in like-for-like sales in India in its quarterly update, which analysts say has benefited from its focus on online sales

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 ...

Acquisition plan shines a spotlight on soul food's growing market power

Pakistan government on Saturday disclosed that at least 20 outlets of American fast-food chains across the country were attacked by religious extremists this month during the anti-Israel protests. One employee of the KFC (Kentucky Fried Chicken) outlet was killed and almost 160 suspects arrested. In most attacks, the activists of radical Islamist party -- Tehreek-e-Labbaik Pakistan (TLP) -- were involved. Pakistan's Interior State Minister Tallal Chaudhry told a press conference on Saturday near here that the government would protect the lives and properties, whether they are of Pakistani businesses or foreigners investing here. Anyone who would attack such outlets would be dealt with strictly, he said. He, however, appeared to be giving a clean chit to the TLP as he said all political parties, especially religio-political parties, have distanced themselves from such incidents. Some party's workers might have been present in their personal capacity, but no party is connected to t

Players are increasingly drawing inspiration from pop culture trends, and are now riding the Hallyu wave - a phenomenon about the growing global prominence of South Korean pop culture

KFC announced the unusual product on April 1, leading many people to believe it was just a joke

Outlets of Bata, KFC, and Pizza Hut vandalised across Bangladesh as protests erupt over Israeli strikes in Gaza and calls grow for a boycott of Israeli-linked brands

Nuvama has picked Jubilant, Trent, V-Mart, Titan, and Aditya Vision as its top bets going forward, highlighting their strong performances and promising outlook

KFC, the fast-food giant named after its home state Kentucky, is set to relocate its headquarters to Texas. The move will impact approximately 100 corporate employees