IPO Review: Devyani International
Moneylife Digital Team 03 August 2021
Devyani International Ltd (DIL) is India’s franchisee of Yum Brands (Yum), owners of KFC and Pizza Hut. It operates 696 quick service restaurants (QSR) across 166 cities in India, as of Q1FY20-21. DIL is also a franchisee for ‘Costa Coffee’ brand and stores in India. KFC, Pizza Hut and Costa Coffee form a portfolio of ‘core brands’ for DIL. The second vertical of ‘International Business’...
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