Devyani International to deploy Rs 1,000 cr pre-IPO, eyes 150-200 new stores per brand

RJ Corp's QSR arm Devyani International plans a Rs 1,000 crore capex over five years to scale KFC, Pizza Hut and Costa Coffee footprints by 150-200 outlets each ahead of its IPO. The Samara- and Temasek-backed franchisee may also acquire Yum's 90 owned KFC stores, and has hired ex-KFC India MD Rahul Shinde to drive growth.

— Source publishedTue, 10 Jul, 2018, 07:44 IST·First seen Sun, 7 Jun, 2026, 06:40 IST·Source Devyani International

What happened

Devyani International, RJ Corp's KFC/Pizza Hut franchisee, plans Rs 1,000 crore investment over five years to add 150-200 stores per brand ahead of IPO,

Key facts

  • Rs 1,000 crore
  • 350+ stores
  • 150-200 stores per brand
  • Rs 700 crore invested
  • 90 KFC stores
  • 15-20% sector growth

Why this matters

Devyani's appetite for Yum's 90 owned KFC stores signals an active franchisee-led consolidation window, opening adjacent M&A and partnership opportunities across India's QSR and cafe categories.