Devyani, Sapphire’s Merged Entity Likely To Cross $1 Bn In Annual Revenues: Ravi Jaipuria
Ravi Jaipuria notes that the proposed merger is far more than combining two businesses and is about creating one of the largest F&B platforms in India
Ravi Jaipuria notes that the proposed merger is far more than combining two businesses and is about creating one of the largest F&B platforms in India
Devyani International is expecting an overall synergy of Rs 210 to 225 crore on an annual basis from second full year operations of integrated company
The reports state that the talks could result in a share swap deal, with Sapphire Foods India getting merged into Devyani International
Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, revealed its largest quarterly earnings drop since going public in 2021, hampered by local competition and inflation-weary consumers cutting back on fast food spending. The Yum Brands franchisee’s overall net profit plummeted roughly 69 per cent to 101.4 million rupees (USD 1.22 million) in the […]