What we do Devyani International Limited operates quick service restaurants in India and internationally, managing brands like KFC, Pizza Hut, Costa Coffee, Vaango, and specialty food courts. |
Founded in 1,991 |
Market share India's largest franchisee of Yum! Brands with over 2,000 stores, significant presence in Thailand, Nepal, and Nigeria. |
Problem solved Provides convenient, branded, hygienic dining and delivery options catering to urban and young consumers’ growing demand for quick meals. |
Top clients or who we serve Serves consumers in urban and semi-urban India plus international markets; B2C-focused with outlets in malls, airports, and transit locations. |
Key management Virag Joshi (President & CEO till March 2026), Manish Dawar (appointed President & CEO from April 2026), Ravi Jaipuria (Chairman). |
Our journey and innovations From first Pizza Hut outlet in 1997 to developing own brands and international expansions; pioneered biryani delivery and food court formats. |
Where we operate India, Nepal, Nigeria, Thailand, with presence across 280+ cities internationally. |
Top products or what we offer KFC, Pizza Hut, Costa Coffee, Vaango (South Indian QSR), Biryani By Kilo, The Food Street food courts, and other franchise brands. |
Top brands KFC (#1 QSR chicken brand in India), Pizza Hut (significant pizza delivery network), Costa Coffee (leading coffee chain), Vaango, Biryani By Kilo. |
Raw materials needed Chicken, bakery products, coffee beans, tea leaves, spices, beverages, packaging materials. |
Raw materials supplier Suppliers vary by region; focus on food-grade certified vendors ensuring consistent quality. |
Recurring vs cyclical contribution Revenue is largely recurring from its extensive retail and delivery network but can have cyclical demand variations. |
Our industry position Leading multi-brand QSR operator with strong franchise partnerships, dominant in India and expanding internationally. |
Financial highlights FY 2025 consolidated revenue ~INR 4,988 Cr; EBITDA margin around 15%; steady revenue CAGR ~31% over recent years. |
Geographical revenue split Around 67% revenue from India, 33% from international markets including Thailand, Nepal, Nigeria. |
Order book Not applicable; operates retail and franchise outlets with ongoing store expansions. |
Whats driving growth Strong store openings, digital delivery, growing urbanization, expanding middle class and discretionary spending. |
Our future plans Expand store footprint in India and international markets; focus on new brand integrations and digital transformation. |
Our green promise Active ESG and CSR initiatives focusing on sustainability, employee welfare, and community engagement. |
Our people and values Diverse workforce; emphasis on professionalism, integrity, continuous improvement and employee development. |
Key challenges ahead Managing competitive pressures, supply chain disruptions, store rationalization, and cost inflation. |
Interesting facts Largest franchisee of Yum! Brands in India; pioneer in biryani delivery and food court management at airports. |
Risks and strategy Mitigates business risks via diversified brands, geographic spread, digital innovation, and menu localization. |
