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Devyani Reports Higher Loss, Appoints New CEO Ahead of Merger

By Uniquetimesorg February 4, 2026 0

Devyani International, the operator of KFC and Pizza Hut outlets in India, posted a consolidated net loss of ₹103.9 million ($1.15 million) for Q3 ended December 31, a sharp increase from ₹4.9 million a year ago, primarily due to a one-time charge linked to India’s new labor laws. Excluding this charge, the company recorded a […]Continue Reading

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Devyani Shares Jump After $934 Million Merger With Sapphire Foods

By Uniquetimesorg January 2, 2026 0

Shares of Devyani International, the Indian operator of KFC and Pizza Hut, surged up to 8.3% after it announced a long-awaited $934 million merger with rival Sapphire Foods. The deal creates one of India’s largest fast-food operators, positioning the combined entity as a strong challenger to market leader Jubilant Foodworks, which runs Domino’s Pizza in […]Continue Reading