KFC, Pizza Hut franchisee Devyani International lists at 56% premium - News Summed Up

KFC, Pizza Hut franchisee Devyani International lists at 56% premium


The company is the largest franchisee of Yum brands in India and operates brands KFC & Pizza Hut under its banner. Core brands such as KFC, Pizza Hut and Costa Coffee contribute 94% to its top line while the rest comes from international operations and other businesses like its own brand. In addition to the core brands business and international business, the company operates stores of other brands such as Vaango, The Food Street, Ile Bar, AMRELI, Ckrussh Juice Bar, among others. The core brands store counts grew at a CAGR of 14% in the last two years to 605 stores by March 2021. However, the company increased the number of stores from 469 in FY19 to 605 in FY21 under its core brand business.


Source: Mint August 16, 2021 04:30 UTC



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