Beverage bottling and restaurant franchises
RJ Corp
In Q1 FY27, Devyani International reported revenue +16.5% year on year.
Next: Varun Beverages' Q2 FY27 results, expected late Oct.
Revenue growth by business
Figures as each company's report states them; ↗ opens the report. Only the same period is compared.
Each point is a figure its report states; tap a point to open the report.
What moved, biggest first
The unmet September 30 condition highlights the importance of achievable closing requirements, deadline-extension options and dispute-resolution provisions in diversification deals.
Reported: Varun Beverages’ subsidiary Bevco referred its proposed purchase of 100% of Crickley Dairy to arbitration after a condition remained unmet by the September 30 deadline.
CNBC-TV18
Macquarie’s improving Q2 demand outlook suggests QSR operators should prioritize same-store sales execution and margin discipline as consumer traffic recovers.
Reported: Macquarie sees Q2 QSR recovery, with Devyani offering up to 27% upside
Financial Express
The revised scheme advances a strategically coherent franchise consolidation, creating a larger India QSR vehicle with clearer platform synergies and expansion optionality.
Reported: Devyani International and Sapphire Foods have revised their merger scheme, advancing the consolidation of KFC and Pizza Hut operations under a unified Yum!
3 reports from Financial Express and Business Standard
Use the existing Zimbabwe snacks network to rapidly onboard Mondelez brands and maximize route-density gains, while managing continuity around the COO transition.
Reported: Varun Beverages wins exclusive Mondelez distribution rights in Zimbabwe. COO Manmohan Rupal Paul separately resigned effective September 24.
3 reports from 3 sources, incl. Financial Express and ET Retail
The leadership appointment and exploration of Ankur Jain’s Bira 91 stake point to a potential platform acquisition or strategic foothold in India’s premium beer and alcohol segment.
Reported: RJ Corp has appointed former Diageo executive Prathmesh Mishra as it evaluates a move into premium alcoholic beverages. The Varun Beverages parent is also exploring a possible purchase of Bira 91 founder Ankur Jain’s 17.8% stake.
ET Small Business
Key numbers, latest reported season
| Business | Period | Revenue growth | Net profit |
|---|---|---|---|
| Devyani International | Q1 FY27 | +16.5% | Not stated |
Year on year, as each business's own reports state it; each figure links to its report. Net profit growth, or the loss.
Businesses and brands
Varun Beverages 32 reports in 90 days
Devyani International 16 reports in 90 days
Group level: RJ Corp.
Who owns what: rjcorp.in, the group's own site, and the companies' filings. Brands with no reports in the last 90 days are not listed.