Yum! takes minority stake in Devyani International; Rs 1,000 cr capex to double KFC, Pizza Hut footprint
Yum! Brands has picked up a minority stake in Devyani International, its largest India franchisee operating 500+ KFC and Pizza Hut stores. India delivered 12% Q4 SSSG and 10% FY SSSG. DIL plans Rs 1,000 crore capex over 4-5 years to double its store base, backed by acquisition of 74 KFC outlets at Rs 350 crore book value.
What happened
Yum! Brands acquires minority stake in largest India franchisee Devyani International, which operates 500 KFC/Pizza Hut stores. India posted 12% Q4 SSSG. DIL
Key facts
- 12% SSSG Q4
- 10% SSSG FY
- 500 stores
- 1,000+ restaurants
- 74 KFC restaurants acquired
- Rs 350 crore book value
- Rs 1,000 crore capex
- 98% franchised globally
- <10% company-operated KFC India
Why this matters
The Rs 350 cr acquisition of 74 KFC outlets plus Yum! equity injection signals consolidation of franchise rights toward DIL, narrowing the field for rival QSR M&A in India.