KFC India sells 61 South India outlets to Devyani International, deepening Yum!'s asset-light pivot

Yum! Brands is offloading 61 company-operated KFC restaurants in Karnataka, Andhra Pradesh and Telangana to RJ Corp's Devyani International, the second such divestment after a 13-store deal. Post-transaction, under 10% of KFC India's 400 outlets remain company-run, mirroring Yum!'s 98% globally franchised model.

— Source publishedTue, 25 Jun, 2019, 07:47 IST·First seen Sun, 7 Jun, 2026, 06:40 IST·Source Devyani International

What happened

KFC India is selling 61 company-owned restaurants in Karnataka, AP and Telangana to Devyani International, extending Yum!'s global asset-light franchise

Key facts

  • 61 restaurants
  • 13 restaurants prior
  • ~500 KFC+Pizza Hut DIL outlets
  • 400 KFC India outlets
  • <10% company-operated
  • 98% global franchised
  • Rs 4.2 lakh crore industry
  • 26% KFC system sales
  • 11% Pizza Hut system sales

Why this matters

Devyani's second tuck-in from KFC India signals a clear consolidation lane in Indian QSR, and aspiring master franchisees should be modeling similar carve-outs across Pizza Hut, Burger King and Domino's footprints.