Devyani International is looking to add 200-250 stores annually: CEO
We were building 3k sq. ft KFCs. Now we have gone down to 1.7k to 2k sq. ft, on an average. As a result, kitchen size is same but capex is down, says Virag Joshi, CEO, Devyani International
NEW DELHI : On Wednesday, food services company Devyani International Ltd (DIL), a franchisee of Yum Brands, reported a 104% jump in the June quarter operating revenue to ₹634.49 crore, and standalone profit of ₹67.6 crore. Devyani operates 391 KFC stores, 436 Pizza Huts and 69 Costa Coffee outlets across India. In an interview, Virag Joshi, chief executive, Devyani International, said the company plans to double the number of stores from the current 1,000 within the next 4-5 years. Edited excerpts:
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