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KFC, Pizza Hut operator stock slips 3% after muted Q2 results; details here

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

Devyani International Q2 results: Net loss at ₹21.9 cr, revenue up 12.6%

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

Devyani International Q1 result: Profit plunges 88% amid sluggish demand

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

Top 2 franchisees of Yum! Brands in India explore merger possibility

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

Why did KFC, Pizza Hut operator Devyani International shares rise 3% today?

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

Devyani International posts Q4 loss of ₹49 cr amid rising expenses

(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.

KFC operator Sapphire Foods Q4 profit remains flat, revenue up 13%

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 pulls ahead of KFC, McDonald's as Q4 earnings near: Analysts

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

Devyani to acquire 80.72% stake in Sky Gate Hospitality for ₹419.6 cr

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 ...

Biryani finds its place on the valuation menu with rising investor appetite

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

At least 20 attacks on American fast food outlets in Apr, says Pak minister

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

Amid wavering loyalty, quick-service restaurants whip up treats for GenZ

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's fried chicken toothpaste sells out after April Fool's day launch

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

Why are protesters in Bangladesh vandalising Bata, KFC and Pizza Hut?

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 bets on QSR, jewellery sectors post Q3, picks Jubilant, Titan, Trent

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 moves US headquarters from Kentucky to Texas in corporate shakeup

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

KFC & Pizza Hut operator Devyani International decline 4% on posting Q3

Devyani International reported consolidated net loss year-on-year (Y-o-Y) at Rs 7.6 crore as compared to a profit of Rs 5.1 crore

KFC India operator Sapphire beats profit view as cheaper menu drives demand

The restaurant operator posted a profit of Rs 11.98 crore ($1.37 million) for the quarter ended December 31

Yum! Restaurants India FY24 results: Profit at Rs 162 cr, income up 13%

Yum! Restaurants (India), which owns QSR brands such as Pizza Hut and KFC in the Indian market, was back in the black in FY24, reporting a profit of Rs 162.04 crore while its revenue from operations was up 6.6 per cent to Rs 689.93 crore, the company said in an RoC filing. The total income of Yum! Restaurants (India) was up 13.4 per cent to Rs 832.05 crore for the financial year ended on March 31, 2024, helped by other income -- mainly gains from the sale of its investments in Devyani International Ltd. Yum! Restaurants (India) posted other income of Rs 142.11 crore for FY24 as against Rs 86.46 crore a year earlier, according to financial data accessed through business intelligence platform Tofler. It had reported a loss of Rs 108.17 crore a year earlier in FY23 and its revenue from operations was at Rs 647.34 crore. Yum! Restaurants (India) Pvt Ltd is the holding company of Pizza Hut India Marketing and KFC India Marketing. Its "advertising promotional expenses" were at Rs 220.69

KFC India operator Devyani's revenue jumps 49% on new store additions

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