Two of India's biggest QSR chains just became one.
Devyani International and Sapphire Foods merged in a $934 million deal that consolidates KFC and PizzaHut under a single operator, creating a powerhouse with 1,200+ KFC outlets and 1,000+ Pizza Hut stores across India.
Why now? QSR margins are under pressure. Scale, unified tech and smarter supply chains are the new competitive edge.
Swipe to break down what this means for growth, execution and the future of fast food in India.
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Posted On: 02 Jan 2026 8:00 PM